1 / 10

WHERE’S THE PROFIT?

WHERE’S THE PROFIT?. OPPORTUNITY, AVOIDANCE OR DENIAL Gregory W. Leffard Gulf Insurance Group. Market Segments. “Final Four” Major Firms – “Group B” All others. Differences in Segments. AOP differences “Size matters” Regulatory requirements Perception issues. AICPA Membership.

robertortega
Télécharger la présentation

WHERE’S THE PROFIT?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WHERE’S THE PROFIT? OPPORTUNITY, AVOIDANCE OR DENIAL Gregory W. Leffard Gulf Insurance Group

  2. Market Segments • “Final Four” • Major Firms – “Group B” • All others

  3. Differences in Segments • AOP differences • “Size matters” • Regulatory requirements • Perception issues

  4. AICPA Membership Consulting: 6,822 Education: 7,569 Government: 13,198 Industry: 138,294 Law: 2,040 Public Accounting: 128,709 Other Areas: 22,406 Inactive Members: 10,953 Total: 329,991

  5. Services Provided / Attest • Public Company Audit • Private Company Audit • Non-Profit Audit • Other Attestation Services

  6. Services Provided/Non-Attest • Tax • Bookkeeping • Business Advisory Services • Consulting • Agreed Upon Services • Trustee • Financial Advisory

  7. Practice Management • Risk Recognition • Pricing of Services • Risk Reward Analysis • “Preventative Accounting” • Realization Rates

  8. Regulatory Environment • Change is inevitable • How far will it go? • Who will regulate? • State • Federal • Self/Industry • Qualified Regulators

  9. Predicting the Future • Has the industry changed enough? • How to underwrite the changes • Is history even relevant? • Is the industry ready to participate in loss to a greater degree? • Do they have the financial ability to participate? • Risk Management • Jury perceptions • Can the industry get a fair trial?

  10. Actuarial Analysis • How to quantify the changes • It history credible? • What does all this mean to: • Frequency • Severity • Payout Patterns • Loss Development Factors • Who Leads the Way?

More Related