How we help you
Strong internal controls are essential for compliance, efficiency and protecting your business. When controls are managed effectively, insurers can help ensure their reputation and assets stay secure while driving value.
Navigate Model Audit Rule compliance.
Streamline SOX requirements.
Develop a tailored internal audit plan.
Implement effective, secure IT controls.
Delivering value with strong internal controls
Wipfli’s internal controls advisory for insurance helps you build a more risk-aware culture and gain insights into how to manage controls effectively.
Explore our internal controls services
Wipfli can help your organization navigate the complex requirements and resource-intensive processes involved in Model Audit Rule internal control compliance. Engage our industry-experienced team for support in:
- Evaluating and managing compliance.
- Financial reporting.
- Internal controls testing.
Wipfli can help you streamline SOX requirements with a seamless process. We start by identifying and testing your key controls over financial reporting and business processes. We then turn your SOX program data into insights, helping deepen your internal control knowledge and providing resources to help you fill technical and capacity resource gaps.
Develop an internal audit plan tailored to your specific goals and industry needs with Wipfli. Our internal audit team combines practical guidance and industry experience to help you choose the approaches and solutions that best fit your company. We can also work alongside your current internal audit team to augment their capacity or provide quality assurance reviews.
Wipfli’s IT general and application controls review can help ensure your organization’s IT controls operate effectively. Our team works with you to identify risks and provide actionable feedback so that you can be confident in your security.
Insights and resources
ARTICLE
Inside the Model Audit Rule for insurance companies | Wipfli
What the model audit rule requires from insurance companies and how it compares to SOX.
PODCAST
Podcast: Maximize tech and talent with smarter insurance filing
Insurance companies face significant challenges in keeping up with changes in statutory requirements amid intensifying workforce pressures. In this episode of Bank on Wipfli, we explore how insurers are adapting to major shifts in statutory financial reporting and annual statement filings. Wipfli Partner Robert Zondag talks with Burch LaPrade, CEO of Gain Compliance , about evolving issues with insurance filings, including: The growing talent gap in statutory accounting, driven by retirements and limited new entrants to the field. The constant evolution of NAIC regulations, including seismic changes like the principle-based bond definition and expanded Schedule P history. How insurers are being asked to do more with less, including off-cycle reporting and modeling what-if scenarios. The role of technology in streamlining workflows , improving collaboration and delivering contextual guidance for complex filings. Why successful filings require more than software — how support and education are critical to reducing stress and improving outcomes. Gain more insights: How insurance firms can approach AI like today’s digital leaders Podcast: Breaking the security-convenience seesaw Listen on Apple Podcast Listen on Spotify
CASE STUDY
Cross Insurance TPA, Inc.
Ensuring business continuity: Wipfli’s advice helped Cross Insurance switch to remote work — and maintain business continuity during vulnerable times.
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Discover how our internal controls advisory for insurance helps you build a more risk-aware culture and manage controls effectively.
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Discover how Wipfli can help you adapt to a challenging market with decades of experience and a deep bench of insurance professionals across a wide range of specialties.
