Invotex Group Insurance Industry Advisory Services


Insurance Industry Advisory Services home Representative Engagements Clients Key Contacts: A. Thomas Finnell, Jr. Managing Director James E. Stangroom Managing Director Timothy J. Foley Director James B. Morris Director Kerby R. Baden Director Philip M. Ermer Director	Insurance Industry Advisory Services	News & Events
		Invotex sponsors session on Practical Aspects and Implications of Adopting International Financial Reporting Standards at NAIC Financial Summit in Tampa, FL. Jim Stangroom and Barry Lupus speak on Insurance Company Exposure to the Credit and Subprime Lending Crisis at the Carolinas Chapter of the Insurance Accounting and Systems Association Annual Conference, Myrtle Beach, SC. Tom Finnell discusses Internal Controls Reporting at the Property Casualty Insurers Association of America’s Model Audit Rule Seminar/Webinar, Chicago, IL. Tom Finnell chairs panel on proposed Optional Federal Charter legislation at Insurance Accounting and Systems Association Annual Conference, Seattle, WA.
	U.S. insurers today face unprecedented pressures and need the guidance and expertise of advisors who can help them address challenges caused by: Escalating subprime debt / credit crisis and adverse macro-economic forces Impact of global efforts to create a more unified insurance regulatory structure and related international financial reporting standards Persistent needs to improve performance and reduce costs Expanding litigation and fraud-related costs Expanding and more onerous regulatory compliance requirements Invotex’s professionals have diverse backgrounds in both the insurance industry and in public accounting. Our consultants have served as CFOs and financial managers of both large and medium-sized firms, as partners in Big-4 audit firms including national office roles, as claims counsel, and as internal auditors and SOX project managers. Our legacy strength in insurance regulatory services provides us with the background and core competencies in insurance accounting, auditing and financial and regulatory matters for which insurers need practical advice and assistance. We are frequently called upon to assist clients in the areas of: Insurance claims services International Financial Reporting Standards (IFRS) planning & implementation services Risk management & control services Financial investigations NAIC annual financial reporting model regulation compliance Credit & subprime lending crisis services Business & contract disputes Regulatory advisory services for insurers