One of the main services we provide is creating and submitting annual compilation reports on your behalf.
Upon receipt of a data filing, our analysts review the contents of the records based on reporting requirements reflected in our statistical plans to ensure the data is accurate.
The initial audit includes Transmittal Balancing, Field Editing, and Historical Comparison.
We work with you to explain the data issues and corrective measures needed to ensure your data is accurate during this auditing process.
Another service we provide is Financial Reconciliation.
Our system will summarize the statistical data you report to confirm it balances with what was reported on the Exhibit of Premiums and Losses (Page 14) on your Annual Statement.
Once the data is accepted, we work to aggregate all data received by various companies into a state report that gets sent to state regulators on your behalf.