Empowering insurance evolution
For insurance organizations, the time to innovate has arrived.
Between digital-first startups entering the scene, evolving consumer expectations for claims processing, complex regulations, and a spate of consolidations and spinoffs, the insurance industry is changing fast. Insurers need tailored advice from professionals with industry-specific experience and proactive ideas to chart the path ahead.
With our outcomes-driven approach and robust digital capabilities, BDO helps insurance organizations manage disruption and stay ahead of the competition. Our suite of services can help insurance organizations improve operational efficiency and workflows, accelerate growth and meet customers’ evolving demands.
Our insurance and actuarial advisory services are backed by assurance and tax compliance offerings to address a broad range of client needs, including guidance related to digital transformation, actuarial analysis, tax planning, risk assessment and advisory, accounting and audit. We adapt our services to give clients the specific support needed to drive impactful results.
How BDO Can Help
Who We Serve
BDO understands the unique challenges facing insurance companies across sectors.
Insurance Agencies and Brokerages
Life, Accident and Health Insurers
Property and Casualty Insurers
Reinsurers
Insurance Advisory Services
Comprised of life, health and property and casualty actuaries, BDO’s Insurance Advisory Services (IAS) team has extensive knowledge of the increasingly complex and ever-changing insurance industry. We offer a wide range of advisory services spanning financial reporting/reserving, pricing/budgeting, predictive analytics and enterprise risk management.
Routinely working with senior management at insurance companies and self-insured entities, we provide nuanced professional understanding and data-driven insights that yield actionable deliverables for our clients. IAS integrates with companies’ core audit functions, resulting in an auditor-focused mentality that may positively impact the wider organization, which sets BDO apart from other actuarial firms.
Insurance Insights
Explore our most recent resources and thought leadership.
2022/2023 Health Insurance Sales Force Compensation Insights Report
January 30, 20232022/2023 Health Insurance Sales Force Compensation Insights Report
January 30, 2023The 2022 BDO Health Insurance Industry Sales Force Compensation Survey provides an in-depth look at compensation levels, plan designs and incentive practices for industry-specific sales roles.
Anticipating Future Claims Costs: The Impact of Inflation on Property & Casualty Insurance
October 19, 2022Anticipating Future Claims Costs: The Impact of Inflation on Property & Casualty Insurance
October 19, 2022Surging inflation rates are impacting insurers’ portfolio values, income and returns as the market grapples with inflation numbers not seen in decades.
How COVID-19 Changed the Life Insurance Industry
May 30, 2022How COVID-19 Changed the Life Insurance Industry
May 30, 2022As the COVID-19 pandemic wears on, trends in the life insurance industry remain unpredictable.
How COVID-19 Changed the Health Insurance Industry
May 23, 2022How COVID-19 Changed the Health Insurance Industry
May 23, 2022The scale of the pandemic has had a significant impact on the health insurance sector. Health insurers are responsible for covering certain forms of COVID-19 testing, which sees shifting demand depending on community spread and new variants of the virus.
How COVID-19 Has Changed the Insurance Industry: Property and Casualty
April 25, 2022How COVID-19 Has Changed the Insurance Industry: Property and Casualty
April 25, 2022COVID-19 shined a light on the dangers of onsite interactions during the spread of a communicable disease, the impact of shutdowns on business and the need for workplace and legislative reform.
2022 M&A Outlook for Insurance Brokers
March 27, 20222022 M&A Outlook for Insurance Brokers
March 27, 20222022 projects to be another robust year of deals for insurance brokers.
Reimagining Business Resilience for the Agile Age
March 21, 2022Reimagining Business Resilience for the Agile Age
March 21, 2022Most approaches to risk management attempt to reduce uncertainty—anticipating the unknown and managing surprise through scenario planning, often focusing on hypothetical extremes. What can’t be defined or managed is shifted to a third-party insurer.
2021/2022 Health Insurance Sales Force Compensation Insights Report
December 14, 20212021/2022 Health Insurance Sales Force Compensation Insights Report
December 14, 2021Market Competitiveness Reflects Need for Attractive and Effective Sales Compensation Plans
2021/2022 Health Insurance Executive Total Potential Remuneration Insights Report
December 12, 20212021/2022 Health Insurance Executive Total Potential Remuneration Insights Report
December 12, 2021Executive compensation programs should reinforce the strategic goals of the organization and reward executives for their success.
Innovation in Customer Experience: Opportunities for the Insurance Industry
September 30, 2021Innovation in Customer Experience: Opportunities for the Insurance Industry
September 30, 2021The pandemic has been a wake‑up call to the insurance sector. Historically an industry reluctant to digitize, insurers have been forced to adopt a digital-first strategy in order to stay competitive amid the disruptions caused by COVID-19.
The Impact of Hurricanes on Florida Insurance Claims: Irma, Michael and Beyond
September 23, 2021The Impact of Hurricanes on Florida Insurance Claims: Irma, Michael and Beyond
September 23, 2021Insurers experienced dramatic development of claim estimates for 2017’s Hurricane Irma in 2019, 2020 and now 2021.
M&A Outlook for Insurance Brokers
August 26, 2021M&A Outlook for Insurance Brokers
August 26, 2021Despite the significant upheaval and uncertainty the pandemic caused across the business environment, the insurance industry quickly adapted to the new normal.
State Presumptive Laws for COVID-19 Workers’ Compensation Claims
June 16, 2021State Presumptive Laws for COVID-19 Workers’ Compensation Claims
June 16, 2021Most state workers’ compensation (WC) laws clearly state that a disease to which the general population is exposed is exempt from WC.
Treasury’s Green Book Provides Details on Administration’s Tax Blueprint
June 6, 2021Treasury’s Green Book Provides Details on Administration’s Tax Blueprint
June 6, 2021The Treasury Department on May 28 released its general explanation of tax proposals included in the Biden administration's fiscal year 2022 budget submission to Congress. Commonly known as the "Green Book," the 114-page document provides more details regarding the administration’s tax proposals that had been previewed in the American Jobs Plan and the American Families Plan.
Early Priorities for The Biden Administration: Areas to Watch
May 18, 2021Early Priorities for The Biden Administration: Areas to Watch
May 18, 2021While there are dozens of policies that will unfold over the next four years, there are several key areas for leaders to watch in the short term and consider for future opportunities and challenges that arise.
2021 Middle Market Digital Transformation Survey
May 17, 20212021 Middle Market Digital Transformation Survey
May 17, 2021Our recent survey of 500 C-suite executives provides insight into their digital transformation plans, maturity, threats and opportunities.
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Meet Our Insurance Industry Leaders
Imran Makda
Assurance Partner – Insurance
Peter Popo
Assurance Partner – Insurance
Together, we thrive.
Everything we do is rooted in our core purpose to help people thrive every day. It’s not only the right business thing to do; it’s the right human thing to do. This starts by putting our people at the center of our work and extends to how we treat and value our people, our clients and our communities. With a dedication to quality and a purpose-driven culture, BDO offers a powerful choice both for clients and those seeking rewarding professional careers.