Financial Examinations

L & E consultants understand the complexities of regulating life insurance, health insurance and property & casualty insurance companies. Our examination consultants and actuaries have built their careers observing and facilitating the process of establishing new and maintaining current regulatory laws and regulations.

Examination expertise

L&E performs risk-focused surveillance financial examinations for various insurance departments. Examinations are conducted in accordance with the NAIC Financial Condition Examiners Handbook and with a thorough understanding of the NAIC accreditation standards.

The L&E team has expertise in risk-focused surveillance tools and exhibits, and is a licensed TeamMate user. The examination team consists of:

• Certified and accredited financial examiners who serve in a supervisory and in-charge capacity.
• Process flow experts who identify and document key functional activities, determine inherent risks and key control points, evaluate internal controls and control mitigation strategies, and calculate residual risk.
• Information systems specialists provide evaluation of controls in information systems.
• Actuaries provide aggregate reserve, asset adequacy, loss reserve and all other actuarially-related examination assistance.
• Investment specialists perform analysis of complex and sophisticated investment portfolios.
• Reinsurance specialists provide in-depth knowledge of contracts, claims, accounting and underwriting, related to reinsurance transactions.

Breadth of knowledge

In addition to financial examinations, L&E provides a wide range of consulting services that efficiently and effectively meet your objectives, improve the quality of insurance regulation, and ultimately protect your consumers.

Our service offerings include:

• Market conduct examinations
• Risk transfer and reinsurance analyses
• Transaction analyses
• IT reviews
• Operational reviews
• Form A filings
• Form D filings