• Life, Accident and Health

Low interest rates, high pressure.

The current interest rate environment has emerged as a top concern for life insurers, as low interest rates can weigh on earnings and liquidity. Insurance carriers have been suffering the effects of falling investment yields, resulting in diminished investment income. This, in turn impedes the industry’s ability to generate returns that satisfy shareholders while still providing competitive product rates. At the same time, health and accident insurance companies are trying to increase membership, compete with Federal and State Exchanges, and address the evolving regulatory mandates of the Affordable Care Act. As insurers look for new ways to access capital, the industry has experienced a high rate of acquisitions and consolidation.
 
BDO understands the mechanics of life, accident, and health insurance products. Our professionals draw on knowledge and experience to help businesses manage a variety of issues, including a changing business environment and ever-increasing government regulations. BDO is a sponsor and presenter at numerous industry conferences and symposiums, and our practice leaders serve in leadership roles on major national rule-making and regulatory bodies.
 
In addition to a wide range of tax and audit services, BDO also draws on the SEC experience to help clients access the public market. Our professionals also provide proactive guidance to clients in a number of key areas, from navigating the latest insurance accounting and reporting requirements from the NAIC and FASB, to complying with mandates of state insurance departments and new actuarial guidelines.