Payers and Insurance
The operations of an insurance entity are unusually complex. PYA understands these complexities, and offers the benefits of our extensive experience in the life and health insurance industries. Our staff is comprised of professionals that understand such complexities first hand, as certain of our staff are former employees of insurance carriers. We understand the insurance entity's need for meaningful data to provide financial, statistical, and operational information to regulators, shareholders, lenders and customers in an ever-changing environment. We are experienced in generally accepted accounting principles (GAAP) unique to the insurance industry and statutory accounting principles as prescribed by the National Association of Insurance Commissioners in the recent codification, Accounting Practices and Procedures Manual and the prescribed or permitted practices of various states.
We have working relationships with several actuarial firms and are able to bring these relationships to audits, accounting, financial and operational engagements of an insurance entity if needed. In addition, PYA can provide services to insurance entities in the following areas as delineated at the right.