Financial Examinations

At Lewis & Ellis, our dedicated consultants are well-versed in the intricacies of regulating life, health, and property & casualty insurance companies. Our professionals, who have spent their careers fostering the development and upholding of current regulatory laws and regulations, are adept at managing the complexities that come with these disciplines.

In-Depth Examination Expertise

At L&E, we conduct risk-focused surveillance financial examinations for a diverse set of insurance departments, adhering to the standards laid out in the NAIC Financial Condition Examiners Handbook. Our proficiency ensures not only compliance with these standards but also a comprehensive understanding of NAIC accreditation norms.

We boast a competent team skilled in employing risk-focused surveillance tools and exhibits. Furthermore, as licensed TeamMate users, our proficiency is unmatched. Our examination team is composed of:

• Certified and accredited financial examiners, taking on supervisory and in-charge roles.
• Process flow experts adept at pinpointing and documenting crucial functional activities, ascertaining inherent risks and key control points, evaluating internal controls and control mitigation strategies, and computing residual risk.
• Information systems specialists equipped to evaluate controls in information systems.
• Actuaries adept in providing comprehensive examination assistance related to aggregate reserve, asset adequacy, loss reserve, and other actuarial aspects.
• Investment specialists skilled in analyzing complex and sophisticated investment portfolios.
• Reinsurance specialists with in-depth knowledge of contracts, claims, accounting, and underwriting related to reinsurance transactions.

Expansive Industry Expertise

Apart from financial examinations, Lewis & Ellis extends a broad spectrum of consulting services aimed at aligning with your objectives, refining the quality of insurance regulation, and most importantly, safeguarding your consumers.

Our comprehensive range of services encompasses:

• Market Conduct Examinations: We conduct meticulous reviews of insurers' practices, ensuring compliance with established market standards and regulations. This includes examining policy issuance, underwriting, claims handling, and marketing strategies to uphold ethical business practices.
• Risk Transfer and Reinsurance Analyses: Our experts delve deep into reinsurance agreements and risk transfer mechanisms to validate the effectiveness of these arrangements, evaluating potential risks and ensuring compliance with regulatory requirements.
• Transaction Analyses: We offer in-depth transaction analyses to assess the financial and strategic implications of business deals, ensuring they align with your objectives and enhance your operational efficiency.
• IT Reviews: Our team provides thorough IT reviews to evaluate system security, data integrity, and the efficiency of your information systems. This allows for better risk management, improved performance, and assurance of regulatory compliance.
• Operational Reviews: We conduct comprehensive operational reviews to analyze and optimize your business operations, ensuring maximum efficiency and productivity. This includes assessing operational risks, evaluating internal processes, and providing strategic recommendations.
• Form A Filings: We assist with the preparation and submission of Form A filings, required for those seeking to acquire or change control of an insurance company, ensuring compliance with regulatory standards.
• Form D Filings: We guide through the process of preparing and filing Form D, crucial for exemption from full registration when offering private placements, ensuring adherence to the necessary regulatory protocols.

At Lewis & Ellis, we offer an integrative approach to insurance consulting, leveraging our industry expertise and commitment to customer service to deliver customized, effective solutions for our clients.