Featured Webinar
April 14, 2022 | 2:00 pm - 3:00 pm ET
Robert Waszak, CPA
Senior Manager, Johnson Lambert
Meet
Scott Hall
Johnson Lambert provides audit, tax, and consulting services to 500+ insurance clients, giving them the information needed to make critical business decisions to better monitor their risk and return.
Our focus on life insurance is unique. We're on the front lines. We're here for you. We go above and beyond. Your success is our success!
Set up a conversation with Scott today to discuss how we can better understand your goals and priorities.
Services for Life Insurance Entitites
Through working with hundreds of insurance entities and our immersion in all aspects of the industry, we add value to our clients in efficient engagements that do not compromise on knowledge sharing, best practice advising, and tailored synergistic and communicative approaches.
Audit and Assurance Services
Our audit and assurance services for insurers include but are not limited to: financial statement audit; reviews; accounting advisory services; SEC compliance and reporting; agreed upon procedures; and SOC 1, 2, 3, +, and Cybersecurity SOC.
Our team understands the complexities and the integration of statutory and insurance GAAP standards that govern your organization. Our audit practice is built on the highest quality standards and open, ongoing dialogue. It is not overcomplicated with unnecessary bureaucracy, while still providing access to a depth and breadth of insurance-focused resources that build trust and add value.
Our Audit ServicesTax Services
Johnson Lambert has a dedicated tax team that works with insurance companies and uses its vast insurance experience and knowledge to aid our tax clients with everything from tax preparation to assistance with statutory and GAAP provisions to planning and executing tax strategies that best position your organization for the future.
Our tax services for insurance entities include federal and state income tax preparation, preparation and review of quarterly and annual provisions and related disclosures, FATCA and foreign bank report filings, foreign tax filings, uncertain tax position documentation, taxing authority examination representation, and more.
Our Tax ServicesAdvisory and Consulting Services
We customize our advisory and consulting services to meet your organization’s unique needs. The Johnson Lambert team offers a wide variety of consulting and advisory services that can support your organization wherever you are today. We strive to build a partnership with our clients that prompts strategizing and optimizing for the future.
Some of our service offerings are internal audit (outsourcing + co-sourcing), Model Audit Rule (MAR) readiness and implementation, System and Organization Control (SOC) reports, ERM services, cybersecurity assessments, system implementation reviews, and more.
Our Advisory Services
Hot Topics
Know What’s Happening
Giving back to the communities in which we live and work is more than a tradition—it’s a core element of our culture. Each year, Johnson Lambert dedicates both time and resources to support organizations that create a positive impact on […]
December 2024
Johnson Lambert LLP is dedicated to keeping you informed of changes adopted by the NAIC within the Statutory Accounting Principles (E) Working Group that will impact your 2024 statutory basis financial statements and other significant NAIC activities. Statutory Accounting Updates […]
December 2024
The Insurers’ Guide to Year-End Reporting Get ready for the 2024 year-end with insights into the latest developments in statutory accounting (STAT), GAAP, and tax accounting for insurance companies. Join us for a comprehensive session designed to equip you with […]
Property and casualty insurance company annual statement filers are required to present assumed and ceded reinsurance activity for the year in schedule F. Insurance regulators use schedule F to identify an insurance company’s exposure to reinsurance and to assess the […]
Johnson Lambert is proud to announce that Marketing Director Becca McGovern has been named to the Publicity Club of Chicago’s 2024 30 Under 30 list. This honor highlights Becca’s strategic vision, creativity, and leadership in professional services marketing. Since joining […]
The Growing Threat of Cybersecurity Attacks Cybersecurity attacks are not only becoming more frequent, but more sophisticated each year. Hardly a week goes by without news of an organization falling victim to a new malware or ransomware cyber attack. Because […]
Starting with 2024 year ends, the National Association of Insurance Commissioners (NAIC) has updated the instructions for completing Schedule P of the annual statement. The reporting change requires insurers to report ten years of historical loss data for certain lines […]
October 2024
Johnson Lambert LLP is dedicated to keeping you informed of changes adopted by the NAIC. In this edition, you’ll find a summary of statutory accounting adoptions made by the Statutory Accounting Principles Working Group (SAPWG) during the Summer National Meeting […]
October 2024
Key Highlights Preparing for a regulatory examination is a crucial process for any financial institution. These examinations are conducted by state insurance departments in accordance with the National Association of Insurance Commissioners (NAIC) NAIC Financial Condition Examiners Handbook (the handbook). […]
Insurance Industry
Investment and Involvement
AICPA Insurance Expert Panel
Johnson Lambert partners are consistently members of the American Institute of CPAs (AICPA) Insurance Expert Panel which brings together CPA leaders knowledgeable in the insurance industry to come to an agreement on key issues affecting insurance audit and attest matters.
NAIC Involvement
Members of the Johnson Lambert team, including both members of the insurance audit practice and the regulatory team who serve the needs of insurance regulators, attend NAIC meetings. We share what we learn in frequent, detailed reports featured in our Insights section of this website. We also have representation on the NAIC/AICPA Task Force.
Key Industry Group Immersion
Johnson Lambert professionals are board members, volunteers, speakers, and conference attendees for major industry groups, including IASA, AICPA, MPL Association, and more. The firm proudly sponsors these organizations and their events as well.
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