Insurance accounting services have emerged as a strategic approach for insurance companies, agencies, and brokers around the globe to handle the continually increasing pressure to optimize business efficiency. Cogneesol’s scalable insurance business accounting services take away the burden of staffing & handling in-house bookkeepers and accounting professionals.
We provide a level of dependability, persistence, and competence that is characteristically exclusive to insurance accounting. With a fractional share of an entire accounts division, you will reap the benefits of both the worlds – capabilities as required without any hassle.
Engaging our insurance accounting firm will typically give you access to an extensive talent reservoir, useful and ideal for your business to scale up.
By outsourcing accounting for your insurance business, you free up your precious time that can be allocated on daily tasks & attracting new customers.
Outsourcing accounting for insurance agencies or brokers can be advantageous with regards to driving precise results that can be as much as 99.95%.
No more worries about ‘pending payments’ or ‘delayed invoices.’ Outsourcing accounting services to us means your invoices and payments go out on time.
We can work on diverse accounting applications available in the market. Our team can work on your existing software or help you buy a new one if required.
Briefly, outsourcing allows you to obtain quality accounting for your insurance business within the defined deadline, hence aiding you in multiple ways.
Cogneesol’s provides end-to-end accounting for our insurance business keeping us compliant on IFRS standards and other US and international regulations. From accurate actuarial calculations to maintaining proper underwriting systems, the team does it all. We have been able to maintain financial statements as per the statute thanks to Cogneesol!
With evolving accounting standards, we needed a dedicated team of experts that would advise us on compliant business operations and handhold us for statutory obligations. Cogneesol has been our perfect accounting partner enabling us to maintain accurate books of accounts and has helped us make true and timely reporting to insurance regulators.
Be it asset valuation, or preparation of financial statements, or computing accurate liabilities and reserves, Cogneesol’s accounting professionals are experts at US insurance laws and regulations. They streamlined our accounting process, making us thoroughly compliant. Their rates are one of the most competitive in the market. We thoroughly depend on them.