Investment accounting for insurance companies is complex, demanding a nuanced understanding of changing GAAP and FAS rules and a thorough knowledge of many types of reporting required by this industry. At AAM, we make it easy for you to manage these complex demands with streamlined accounting services and seasoned expertise. We have specialized in serving the insurance industry for nearly three decades, developing a detailed knowledge of accounting and reporting issues that nonspecialist managers cannot match. Recognizing the value that our accounting services bring to clients, we have made a significant investment in people and resources, so that we can continue to update and enhance our capabilities in this area.
Comprehensive services: AAM provides a full range of investment accounting and statutory reporting services designed to meet the individual needs of our insurance company clients. Our fully customized reporting platform encompasses investment operations, statutory filings and custodial reconciliation.
Cutting-edge software: We combine SS&C Technologies’ CAMRA® investment accounting software with our operational process to provide clients with a reporting platform at a fraction of the cost required to maintain in-house, duplicate systems and databases.
Customization: We tailor our accounting and reporting processes to incorporate our clients’ internal closing requirements and senior management information needs.
Guidance: Our professional staff follows complex insurance industry regulatory and financial reporting changes and delivers up-to-date statutory, GAAP and numerous FAS investment data reports.
Additional assistance: Our integrated approach to developing fundamental accounting and portfolio analytical detail also lets us satisfy other investment data reporting obligations such as A.M. Best questionnaires, cash flow testing, and other rating agency inquiries.