Please be advised we are remotely open and fully operational throughout COVID-19. Stonehenge Accounting is also committed to serving our customers. We are up to date on all the latest stimulus measures introduced by the government, and are able to advise small businesses that qualify for these programs. We are able to assist over the phone, website or email.

Accounting For Insurance Companies

Accounting for Insurance Companies

Insurance is both a complex and highly regulated industry, and as a result, its accounting needs are both intricate and complicated.

In addition to the complexity of the work itself and the many regulatory rules that govern the industry, insurance is in a state of flux — faced with the challenges of rapidly changing technology, a highly competitive landscape and an increasing amount of consolidation across the industry.

At Stonehenge, we know the ins and outs of the insurance industry accounting well. We can help you navigate the finer points of your financials to ensure you comply with all regulations and following best practices that put you on firm financial footing.

Our insurance accounting professionals can help you with every aspect of your business, from investment strategies and reinsurance to managing your margins and finding ways to preserve capital.

Thanks to the complex nature of the insurance business, insurance companies are required to comply with complex standards that have a direct impact on the preparation of many financial statements, including the IFRS 9, 15, 16, and 17.

The industry’s unique standards are wide-ranging and impact many aspects of an insurance company’s accounting, including the way that they present their financials the way that they manage capital.

Our experienced team can help you navigate these tight and frequently changing standards to make sure that you’re not only in compliance with regulations but well-positioned to run a smart, efficient and effective business.

Suite of Services for Insurance Companies

Financial Advisory Services

Working with one of our trained professionals to create a sound financial model can make all of your business decisions easier.

Tax Services

Relieve the stress that is tax planning with a plan that is straightforward and cost-effective to minimize cost and maximize returns.

Bookkeeping Services

Let us handle all your bookkeeping services so you can keep your focus where it should be -- on building and running your business.

Payroll Services

We simplify the payroll process by automating government remittances, paying staff via direct deposit, and providing pay stubs online.

Buying & Selling

Buying or selling an agency is a big move. With our expertise and advice, we can ensure you receive the best possible deal.

You simply won't get this quality of service from a big firm.
Stonehenge has saved me a lot of time, money, and headache!
Their diligent approach and personal care have saved me thousands of dollars in taxes over the years!
Stonehenge will take the time to develop a meaningful relationship with you and an understanding of your needs and goals.
We love Matt and his team! We use them for our NFP organization and they're always fast, flexible, and knowledgeable.
I've been working with Matt for a while now and I recommend him as much as I can to my friends and family.

Insurance Resources

Book a complimentary strategy session and find out how our insurance accounting services can help your business succeed.

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