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.
What To Know About Changes in the LDTI Implementation Journey
May 30, 2023What To Know About Changes in the LDTI Implementation Journey
May 30, 2023If you are one of the many insurance organizations working to comply with changes to the accounting standard for Long Duration Targeted Improvements (LDTI), then you know that the implementation of this new standard is complex.
The Risk Outlook: Key Takeaways from RIMS RISKWORLD 2023
May 26, 2023The Risk Outlook: Key Takeaways from RIMS RISKWORLD 2023
May 26, 2023This year’s RISKWORLD conference featured more than 10,000 attendees from 70-plus countries, 400 exhibitors, and 300 speakers. Focusing on the latest trends, BDO leaders were at the heart of it all, gathering key insights and driving conversations about risk and resilience.
Beyond Cyber Insurance: Preparing for Black and Gray Swan Events
May 11, 2023Beyond Cyber Insurance: Preparing for Black and Gray Swan Events
May 11, 2023The landscape of cyber risk is ever changing, and what worked in the past is quickly becoming inadequate. Today, organizations need more than cyber insurance; they need operational resilience.
Navigating Insurance Risk and Recovery to Turn Risk into Opportunity
April 27, 2023Navigating Insurance Risk and Recovery to Turn Risk into Opportunity
April 27, 2023When companies encounter issues with their insurance program, BDO’s Insurance Risk & Recovery team will work closely with internal teams to help solve their problems and establish a risk management program tailored to their business needs.
2022/2023 Health Insurance Executive Total Potential Remuneration Survey Insights Report
March 29, 20232022/2023 Health Insurance Executive Total Potential Remuneration Survey Insights Report
March 29, 2023The 2022 BDO Health Insurance Industry Executive & Management Total Potential Remuneration Survey includes insights related to compensation and performance measures that enable health insurers to focus on executive compensation strategies that drive desired business results.
2022/2023 Health Insurance Sales Force Compensation Insights Report
January 31, 20232022/2023 Health Insurance Sales Force Compensation Insights Report
January 31, 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 20, 2022Anticipating Future Claims Costs: The Impact of Inflation on Property & Casualty Insurance
October 20, 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 31, 2022How COVID-19 Changed the Life Insurance Industry
May 31, 2022As the COVID-19 pandemic wears on, trends in the life insurance industry remain unpredictable.
How COVID-19 Changed the Health Insurance Industry
May 24, 2022How COVID-19 Changed the Health Insurance Industry
May 24, 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 26, 2022How COVID-19 Has Changed the Insurance Industry: Property and Casualty
April 26, 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 28, 20222022 M&A Outlook for Insurance Brokers
March 28, 20222022 projects to be another robust year of deals for insurance brokers.
Reimagining Business Resilience for the Agile Age
March 22, 2022Reimagining Business Resilience for the Agile Age
March 22, 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 15, 20212021/2022 Health Insurance Sales Force Compensation Insights Report
December 15, 2021Market Competitiveness Reflects Need for Attractive and Effective Sales Compensation Plans
2021/2022 Health Insurance Executive Total Potential Remuneration Insights Report
December 13, 20212021/2022 Health Insurance Executive Total Potential Remuneration Insights Report
December 13, 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
October 1, 2021Innovation in Customer Experience: Opportunities for the Insurance Industry
October 1, 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 24, 2021The Impact of Hurricanes on Florida Insurance Claims: Irma, Michael and Beyond
September 24, 2021Insurers experienced dramatic development of claim estimates for 2017’s Hurricane Irma in 2019, 2020 and now 2021.
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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.