Dean T. Carson II, C.P.A.

Solutions driven Strategic (Advisory) Services and Consulting Practice for your Business, Non Profit and / or Individual needs on Financial Decision Making. 
Integritas, Diligentia, Scientia quod Usus

Full Range CPA & Consulting Services in NY, CT, MA & TX, Select Services in other States by Inquiry / Fluent in Spanish
ph: 917-300-5190
alt: 917-231-7855

dean@dcarsoncpa.com

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Insurance

Connecting to the project needs in the Insurance Industry and for related consulting.

Working with a foundation of Audit training from AIG and an overall framework of 18+ years in Financial Services with experience and strong connection to Insurance, Investment Management, Mutual Funds, Pensions and more we have added an entire quantitative and qualitative overlay to the foundational experience. Working with a knowledge map of Financial Decision Making Research that can adaptively port to the compliant project needs on Financials, Accounting, Taxes, Financial Analysis, Project Management, Business Analysis and other lines where knowledge adds value to an Insurance Business on Applied Services and Stratic and Operational Research.

Mapping Insurance knowledge to strategic and operational performance improvements

We follow the Local, Multi-State, National and Global Decision Making lines correspondent to Insurance and have built a map where the lines of experience are mapped into a chain of knowledge, experience, teamwork and research for the optimal support we may provide to Insurance Industry needs. The elements of Teamwork and Research are key because they expand the range of abilities by mapping in the strength of years of collective Global Insurance Industry knowledge. Mapping the Business Cycles and the Economic, Statistical, Government, Policy, NGO, Non Profit, Scientific, Ennvironmental, Atmospheric Science and Industry lines with a comprehensive awareness of the Insurance Business in it's context to the broader Economy at a high level, and at a line level the needs of Accounting, Taxes, Compliance, Financials, Communications, Technology, Data Management and more.

A Sample on some of the knowledge, but just a subset of the strong lines of broad Strategic and Operational Awareness that Focuses in on Services and knowledge value in the Insurance Business Model.

This webpage is a line to sample a range of some of the related resources, but the real value is the point on services where we can work with cross functional skills that look to the lines of Macro and Micro Financials, Government, Policy, NGOs, Non Profits and Industry and maps back to your Insurance Business with an Advanced Line on Global, National, Multi-State and Localized Strategic and Operational knowledge that can help to add streamlined efficiency by making the most of new resources that are currently available and relevant to the Board, Senior Executives, Leadership, Management, Applied Services, Communications, Staff Training and Development, Technology improvements to Data and Comminications and Our own role on applied services and strategic services. Sampling best practices on a Global Basis and returning best value is a key point on the line of supporting your needs.

Knowledge that has taken generations to build can now be mapped into every point of your business for Strategic and Operational Improvement.

If you look to the lines of Human and Business evolution, knowledge is one of the key foundations and it has taken hundreds of years to grow knowledge in Society. Evolutions in Technology have now mad it possible to work in advanced ways to map the best of Global Knowledge on Insturance and port it to your business with lean efficiency. Envision if you will the value growth within your Insurance Business if Each person in the line of Financial Decision Making could map to their peak level of performance through informed awareness. In interesting new ways there is now great potential to reach a new quality of Leadership knowledge that is relevant to ALL lines and phases of Strategy and Operations and to return that value to the Business for improvement. Looking at your business as an Economic Entity and to the lines of where your Economic Entity maps back to the Multi-State, National and Global Industry and the Economy in the Aggregate.

This is a webpage that is evolving for the Industry and learning and evolution is a continual part of Our Value on Management Advisory lines. We place knowledge at the center for it's return value to Strategic and Operational Objectives.  The key point on Strategy and Operations is that the practical pathway is built on Financials and Strong Compliance. and that is exactly where our skills connect with cross functional insight for improvements and a strong sightline to the many elements of an Insurance Business to itself, the Economy and to Society in the Aggregate.

Follow this web page for a walk around some of the knowledge resources and return as we continue to refine this webpage for greater clarity and better presentation of how we can apply skills to assist in the Insurance Industry. The key point to deliver is as always new tools and new technology lead to new lines to manage workflows. For a period of time early adopters of new technology with relevance to Strategy and Operations who land early on the curve and with the vision to use the technology will find advantages in innovation. We are on that cycle in the curve and the best part of that is Our thoughts and ideas are all rooted back to the key lines of a base in strong skills on Financials and Compliance so Our key point on message is we have found a cross functional way to work with new tools to build strategic performance maps as a quantitative and qualitative overlay to individual knowledge for improved performance through cross functional awareness. 

Knowledge refined to applied services creates a pathway to strategically and operationally improve the business by meeting the opportunities of now. A fundamental strategy to improve the ways that knowledge flows through your business model is at the core of Our Approach.

Considering that every line of any business can improve with greater self knowledge. Supporting the lines of Business Knowledge and Applied services is a fundamental way to use management and functional skills to renew the inherent value in your business and we are here to help on those lines with strong financial and compliance skills (Advanced Paralegal). There skills are smart map to using Project Management, Business Analysis and some new ideas on how to map in Financial and Legal / Regulatory knowledge to help your business cut down the complexities of correspondence to a growing wave of functional requirements on compliance to a strategic approach where the benefit of Technology can be maximized as part of the solution set on support. The process to improvement is a simple and proven approach to study the functional lines where you have needs and to return to those lines with advanced lines to where better knowledge lines can help every segment of any business. Information on performance is the currency of Business Improvements in both strategy and operations. We place knowledge at the core of Strategy to bring value improvements through Strategic and Applied functional consulting.

More to follow on this soon as we return to complete this update,but for now map to these resources as a start point to where we may assist on support lines and project needs at every level from the Board Room to the Executive Suite, Management Lines and Staff support element of Training and functional streamlining for efficiency. This is possible because the lines of Insurance Industry knowledge we connect with have preconsidered ALL points on the line and work with an adaptive template of Financial Decision Making Research to track and refine the best of resources across Industry, Governance, Institutions of Esteemed Knowledge, Economics, Statistics, Financials, Government, Policy, Laws, Rules, Trade lines, NGO, Non Profit and Industry points through Technology with lean efficiency to support your Lines on Insurance Industry Financials, Strategic and Operational needs, Compliance and Governance needs and more.

We value the opportunity to support your needs and the research we have placed in Service is about making that value connect to your business line with new opportunities on strategy and growth. All within the relevant framework of Financial Decision Making and the ways that knowledge, experience, teamwork and research can work with Financial, Government, Industry. Legal and Technology skills to maximize the Utility of investments in Technology to improve the lines of Strategic and Operational performance with a line for every point where knowledge adds return value to a business.

 

Contact Us or e-mail info@dcarsoncpa.com   

  • Insurance Entities, Underwriters, Consumers, Agents, Actuaries, Financial Analysts, Claims Adjustors and the Insurance Product as a Financial Instrument

    The Insurance Entity is at the core a Regulated Securities Business that is generally covered under State Law with over arching Federal and other Laws those Laws could best be explained by Attorneys and we are NOT ATTORNEYS so our conversation in this way is meant to introduce that there is a Compliance Framework of Registrations and Regulatory Compliance Reporting that pertains to Each Insurance Entity, Agency or Representative. The First Point of Registration and Regulation is at the State Level with subsequent othe levels of Local, State and Federal Rules for Compliance and a Legal Framework that Attorneys can help on.

    We help on Accounting, Taxes, Financial Analysis, Advisory, Strategy, Operations and Compliance. For Companies or Attorneys we also seek to provide consulting support in a Paralegal skills or Expert Testimony Capacity as fits the needs at hand and if it works in reference to the scope of services we may provide. Inquire and we will determine. 

    If you are a consumer seeking to buy Insurance in the Marketplace - make sure that you are dealing with a Registered and Licensed Insurance Broker in your State. Call the State Insurance or Financial Services Department if you need further clarification on that point.

    The Insurance Product itself is an important part of Business Risk Management you should consult with an agent on Coverages and Policies, we could help you on the Strategic and Operational end of considering the Financial Impact and Accounting, Tax Properties and other needs on Insurance to include how you should account for Insurance.

    The Insurance Entity is complex and generally large in valuation and capitalization as adhereing to Reserve Accounting and dealing with State Requirements on Insurance. We can help on elements of Business for Insurance Companies in an Advisory . contracting capacity using knowledge.  We can tap into Insurance Industry knowledge and experience, GAAP, STAT. Compliance, Taxes and important knowledge we have on Investment Management (Capital Markets, Products, Services, Portfolio Management, Yield Curves, and other related matters)  through experience, training and connection to the community of Investment Professionals. We also have Government, Industry, Compliance and Legal Research skills to help. We have experience with different lines Insurance Business, Rate Filings, Reinsurance and other specialized areas. One of our great advantages in the area being hands on skills, knowledge, team work and research. We have skills and we know where to go to resource on needs for Services that pertain to Insurance.

    Contact Us or e-mail info@dcarsoncpa.com   

    Certain specialized Areas in Insurance would require the Use of Specialists

  • Current Pending FASB / IASB Updates

    Link Out to FASB on the Current Insurance Plans on FASB and IASB convergence: 

    Insurance Contracts—Joint Project of the IASB and FASB

  • GAAP & STAT

    As in Any Regulated Entity Insurance lines run with Four Streams of Accounting for GAAP, STAT, Tax and Management Reporting, We have skills and resources to help on ALL 4 lines through project services that may also include Business Analysis / Project Management, and potentially Compliance and Legal Support Services for In House Council. 

  • Underwriting,Policies, Rate Filing, Premiums, Investments, Reinsurance and Claims.

    We have full cycle Insurance knowledge for Strategic and Operational support that incliudes Underwriting, Rate Filing, Policies, Premiums, Investments, Reinsurance and Claims in varying capacities.

    Our Experience includes hands on responsibilities with Audit on the Operational and Financial side dealing with Investment Operations and Reinsurance including Audit and a Strong Knowledge of the Important role of Reinsurance in relation to operations and Regulatory Capital.

    the overall knowledge includes Full Cycle Insurance knowledge and resourcing into STAT Requirement in Rules, following Federal, State and Local Compliance.
  • DCarsonCPA Risk Management FIN /  Insurance

    DCarsonCPA Risk Management FIN is our update line for the Insurance Industry following the lines of recent updates for the Economy and the Insurance Industry on Financial Decision Making. To connect on Services Contact Us or e-mail info@dcarsoncpa.com .

  • DCarsonCPA IMR FIN : On The Investment Cycle, between the Premiums and the Cliams.

    Between the collection of Premiums and the Payments of Cliams for both Short Tail and Long Tail Isnurance the Investment Management Cycle is a key component of Insurance. Map to our web page on Investment Management support DCarsonCPA on Investment Management and follow our lines of current awareness at DCarsonCPA the IMR FIN.  We work with knowledge, experience, teamwork and research and that's a strong path to supporting the Industry needs on Insurance support lines.  Available to support the Industry Project needs on Financials, Accounting, Taxes, Compliance, Paralegal and Industry Research Contact Us or e-mail info@dcarsoncpa.com  
  • DCarsonCPA The Pension FIN : The Insurance and Investment Management Industries connect on key responsibilities on Pensions.  With a connection to the lines of Sustainable State and Local Public Finance, Risk Management and Tax Policy.

    Pensions are a key point for Investment MAnagement and for Insurance,  A point on the line where Our interest to help on the lines of Sustainable Public Finance also connect in the Aggregate for Financial Decision Makers. Connect here to the line of current awareness on Pensions for the stakeholders being Industry, Governance and Individuals and Families.

    DCarsonCPA the Pension FIN on the lines of Pensions, Insurance, Investment Management, Sustainable Public Financial Management and more. Related links to Employee Benefits and Investment Management .

    On services Contact Us or E-mail info@dcarsoncpa.com . 

  • DCarsonCPA The Actual FIN :  A line on Global Actuarial Science, Insurance  the Economy and Financials. Where Statistics, Financials and Science connect on Risk Managment, Rates and Returns. 

    DCarsonCPA the Actual FIN is a support line of Global Awareness to track the lines of Global Actuarial Science for knowledge growth and awareness.  Actuaries have a key role in Insurance and their connection to Statistics and Quantitative methods that work with Insurance make that role an integral point of our intrest lines that connect on Quantitative and Qualitative lines on the business map of the Industry lines on financial decision making for Insurance.

    DCarsonCPA is a line of Global Financial Decision Making Research, a quantitative technology overlay to hands on skills, knowledge, experience, teamwork and research. An adaptive line to expand the range of available insight to better support the needs of financial decision makers and the community of stakeholders in the Economy.  Insurance is one of those key lines where we All connect on Financial Decision Making in the Aggregate and the knowledge we have built has direct relevance to support on Accounitng, Taxes, Financials, Legal, Compliance, Advisory, Analysis, Financial and Legal Business and Economic Research.

    Contact Us or e-mail info@dcarsoncpa.com for direct services lines. 

  • Tax Lines and Short and Long Tail Insurance

    As we are mentioning Insurance here there is every acknowledgement that the Insurance Industry Line is highly complex but there are some basic guidelines and structure an the lines of currrent awareness and related research map to a framework of knowledge, experience, teamwork an research, where teamwork and research expand the knowlege range on service through expanding access to specialists and support lines.


    In general Insurance breaks out to Short and Long Term contracts that are viewed differingly under GAAP but in conversion IFRS is looking to adopt a universal approach that differs. For the key lines between short and long tail insurance consider that certain Insurance Contracts cover for Terms as others cover for Longer this divides the lines of Term coverage for Term Life and Health, Property and Casualty and more but where you cover Long Term Disability, General Life Insurance  and other variants crossing more than one benefit period (let's use a year as an average benchmark) you define differing lines of Accounting treatments under GAAP.

    DCarsonCPA 1120 PC Insurance Tax Return: Property and Casualty

    For Taxes the split lines are 1120 PC, 1120 L and then another line for Mutual Companies. We will update this eventually for the Mutual Lines but this should share just enough to promote awareness that we can track the Tax lines on Insurance as an element of entity knowledge support and applied services on Insurance.  For Tax support lines map to Our web page on Taxation.


    Insurance has many speciality lines and elements but these resource maps provided will serve to let you know that we can find our way to the key needs on Insurance for Strategic and Operational support needs. Most likely for elements of related support functions but that realy depends on where we meet on needs. 

    Contact Us or e-mail info@dcarsoncpa.com for direct services lines.

  • SEC Corp FIN, NAIC and the Specialized lines on Entity Reporting under GAAP or STAT

    We map to the key resources on Financials, Accounting, Taxes, GAAP, STAT and  more including the State Regulatory Lines and localized Compliance  and the Global and International Lines on Insurance and Investment Management relevant to project support. IF you don't see it listed here through strategic and operational samples of awareness follow up with us directly and will explain exactly how we can use Financial, Advanced Paralegal (Compliance) and Technology skills on Project Management, Businsss Analysis and Advanced Research lines to map to the Financials,Taxes, Compliance, Laws, Rules, Leadership, Communications and Tech lines in an advanced manner of cross functional support to cover Insurance Industry needs on Strategic, Operational, and Complaince support.

    Contact Us or e-mail info@dcarsoncpa.com for direct services lines.
     

DCarsonCPA on Risk Management and Insurance

DCarsonCPA on Risk Management and Insurance

FASB ASC 944 Financial Services - Insurance

Insurance Companies and Operations are Complex Regulated Entities in a Regulated Industry with a heavy element of State Regulation, Broad Economic Connection and some relevant overlying Federal Regulation. To fully consider an Insurance entity is a broad situation requiring skills that connect on accounting, financials, taxes and compliance. We have those skills and training and experience from Fortune 500 Audit , Business Experience, Government and Foundational Legal Research (Paralegal skils) and the  Investment Management Industry.


DCarsonCPA support lines on Insurance Industry Services

Points we consider:

Insurance at the Core is a Regulated Securities Business where the properly executed Insurance Contract is a Legal Instrument. For the Legal Evaluation of an Insurance Contract you would need and Attorney WE ARE NOT ATTORNEYS.

To Consider the Financial, Tax, Risk Management, Analysis, Strategy, Operations, Compliance and functions of Insurance we have Financial, Operational and Analytical skills to help on Services. We also have direct Industry Experience and familiarity with the Operations, Keywords, Functions, Industry and more.

DCarsonCPA on Risk Management and Insurance

Points to consider include:

Contracts, Riders, Coverages (Per Claim, Per Occurrence, Total Coverage), Effective Dates, Rates, Premiums, Claims, Renewals, Endorsements and Exclusions in Financial Terms.

GAAP

STAT

TAXES

Relevancies:

Licensed Agents / TPAs

Underwriting

Premiums

Investments

Policies

Coverages

Exposures

Rates / Returns / Yields

Duration

Claims

Adjustors

Examiners

Fraud Prevention

Reinsurance

Ratings

Regulatory Capital 

Compliance

Financials

Management Reporting

Actuaries

Litigation

Statistics


DCarsonCPA Global on Insurance (and Risk Management)

Global Links:

OECD on Insurance

IMF Global Financial Stability Report

UN Principles for Sustainable Insurance 

UNEP: 0613 News Release on Sustainable Insurance Practices

WEF / Davos on Insurance and Asset Management

DCarsonCPA Risk Management Lines on Insurance Industry support lines

 


Bermuda Lines on Insurance as a key Insurance Hub:

Bermuda Insurance Market

BMA - the Bermuda Monetary Authority

Bermuda Laws and Stautory Instruments

DCarsonCPA on Services Project Support Lines for the Insurance Industry

DCarsonCPA PIRI Lines 


 

To connect on Services  Contact Us or e-mail  info@dcarsoncpa.com

 


NAICS on US Insurance Regs

DCarsonCPA on Insurance - a link out to one of the blog lines.

DCarsonCPA PIRI Lines on Pensions, Insurance, Risk (Management) and Investment

DCarsonCPA PIR


Relevant links:

DCarsonCPA PIRI Lines

DCarsonCPA on Governance, Risk and Compliance Management

DCarsonCPA on Risk Management

DCarsonCPA Labor and Pension (Payroll and Employee Benefit Lines)

Investment Management

Payroll Fiduciaries (including Pension and 5500 Lines)

NAICS maps to State Insurance Regulators


Be An Actuary


Global Awareness on Risk and Regulations.

Ecology, Geology, Environmental and Atmospheric Science as relevant elements of Insurance and Risk Management.

GARP on Risk Management

EIOPA - Solvency II

Contact Us or e-mail info@dcarsoncpa.com for direct services lines.


Some Related lines:

Project Management /Business Analysis

Financial Services

Legal Support Services

International Support Services

and more can be found at 

DCarsonCPA by LOBS on Services


Contact Us or e-mail info@dcarsoncpa.com for direct services lines.

Copyright © 2010 - 2022 Dean T. Carson II, C.P.A.. All rights reserved.

 

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Full Range CPA & Consulting Services in NY, CT, MA & TX, Select Services in other States by Inquiry / Fluent in Spanish
ph: 917-300-5190
alt: 917-231-7855

dean@dcarsoncpa.com

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