Sectors

Strategies for today’s insurance landscape

Managing rising costs, adopting advanced technologies, retaining talent — the list of challenges you face goes on. No matter your goal, you need a defined strategy to stay competitive and continue growing.

Increasing claims costs, operational expenses and margin pressures are creating challenges across the insurance industry. Organizations need strategies that balance profitability, efficiency and growth without sacrificing customer experience. Wipfli helps you balance profitability and customer experience with integrated support across finance, technology, risk and strategy.

Digital transformation has become essential for improving efficiency, enhancing customer experiences and remaining competitive. Yet many insurers struggle with legacy systems and uncertainty around technology investments. Wipfli combines industry and technology experience to help you modernize with investments that deliver measurable business value.

Regulatory requirements continue to evolve, increasing pressure on organizations to maintain compliance while managing operational and financial risk. Our comprehensive risk, compliance and assurance services help you strengthen controls, mitigate risk and confidently meet regulatory demands.

Competition for experienced professionals is making it more difficult to recruit, retain and develop the talent needed for long-term success. Strengthen your workforce with Wipfli’s leadership development support and outsourced services that provide access to specialized talent when and where you need it.

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Explore our services for the insurance industry

Wipfli’s strong CPA foundation and comprehensive advisory support mean that our insurance consulting services are positioned to help you through your most critical business challenges. From adopting new technology to managing your human capital, we can help you find new ways to secure the future of your business.

Assurance services

Wipfli’s audit and assurance team can support your company with everything from statutory financial statement preparation to the Model Audit Rule. We provide actionable insights you can use to mitigate risks and strengthen your business.

Technology consulting

Help secure your firm’s future with digital services that can help you modernize your systems, manage costs and better reach customers. Wipfli brings industry experience and insurance technology knowledge to help you develop a digital strategy that effectively manages risks and drives your digital success.

Tax services

Wipfli’s dedicated tax team can help you with critical tax planning, compliance and accounting needs. Whether you need to navigate complex local tax laws or ownership tax structuring, our team can assist you.

Risk advisory services

Effectively manage your risk, governance and controls with Wipfli. We understand your unique industry challenges and regulatory requirements, and we’re ready to help you develop the programs and environment you need to meet them.

Outsourced services

Let Wipfli help you fill critical talent gaps and create a leaner, more agile business with our outsourced services. We take ownership of your accounting, operations, talent and technology so that you can focus on driving growth.

Organizational performance consulting

Wipfli’s organizational performance team takes you from insights to action, working to keep your organization aligned in achieving your vision of success. Whether you need strategic planning, leadership or operations support, we can help you build a healthier, more agile company.

Transaction advisory services

If you’re interested in selling your company or acquiring other insurance firms, Wipfli’s transaction advisory team can help. We provide end-to-end transaction support, including valuations, due diligence and investment banking.

Case study

Privilege Underwriters Reciprocal Exchange (PURE)

Insurer automates fraud protection for thousands of daily claim payments

Read the full story

The Challenge

Privilege Underwriters Reciprocal Exchange needed to protect high-volume policyholder payments from fraud without increasing administrative work or delaying policyholder claim payments.

The Approach

Wipfli brought insurance and technology knowledge to implement PositivePay for Sage Intacct, integrating automated check monitoring and reconciliation with Sage Intacct.

The Result

Privilege Underwriters Reciprocal Exchange gained scalable, hands-off fraud protection that reduced manual effort and kept payments moving, even after catastrophes.

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