Financial Consulting

Better understanding of your company’s business drivers & financial position

Financial Analysis

GIP has helped companies better understand their financial position and has created analyses and financial models that identify business drivers.  GIP focuses on analyses that unlock actionable information to help management make better decisions.

By focusing on how the past could impact the future, GIP helps companies understand the impact of planned actions through in-depth analysis of past trends combined with robust financial models and projections.

GIP’s detailed financial projections are built on Statutory and GAAP bases from the client’s operating strategy and are also used in evaluating potential returns to investors, reinsurance programs, the impact of growth strategies and managing the company’s premium to surplus ratio.

Expense Drivers

All companies prepare expense budgets. They provide guidance about how much money will be spent on specific line items. Unfortunately, many budgets do not provide the level of granularity needed for effective decision making.

Identifying expense drivers – the source, nature and behavior of the expense – enables management to better understand the relationship of expense to their operation. Expense drivers also show where the focus needs to be placed to effectively manage expense levels. Understanding expense drivers and their relationship to the operation can help management evaluate whether the current operating structure is still appropriate.

A thorough expense analysis can pinpoint areas of concern and opportunity. Companies can be surprised to learn, for example, that what they thought was an expense problem is actually capacity enabling the company to grow without additional cost.

"Global Insurance Partners provided direction to our finance department to establish sound accounting practices for a mono-line Workers’ Compensation Insurance Company.

They also assisted us in developing the metrics needed to ensure profitable growth and these Key Performance Indicators (KPI’s) helped us focus on exceeding profit and production objectives three consecutive years. We were able to maintain combined ratios below 88 in 2014, 2015, and 2016."
 
Patrick Haughey, CPCU
Retired AVP, WC Insurer

Financial engagements

  • Developed financial analyses, projections, management reports and accounting processes for a growing workers comp insurer.

  • Due diligence review for the potential acquisition of a mid-sized workers comp company.  The work focused on the company’s financial model.

  • Developed financial models for two property insurance companies

  • Developed analytics and management reports for an international health insurance company

  • Developed a financial model to assist in pricing TPA services

  • Project to establish financial reporting processes for an early stage insurer

  • Project for restating prior year financials for a publicly held insurance group

  • Implementation of Sarbanes-Oxley section 404 compliance for a national insurance company

  • Interim CFO and mentor to young Controller

John Hines

Founder of Global Insurance Partners with more than 35 years’ experience in property casualty insurance.  Provides strategic, financial and operational consulting to insurance companies and regulators.  Previously was a Director in the insurance practice of a national consulting firm.

Twenty years of corporate experience includes CEO/COO/CFO and Board member of a private equity backed multi-line P&C insurance company, CFO of a publicly traded insurance group, division CFO, and international audit manager.  Executive officer of a multi-line P&C start-up carrier.  Designed start-up operations, a comprehensive reinsurance program and initial go-to-market strategy.

Key member of a management team that turned around a $60 million unprofitable division through a strategic re-design of the division’s products.

Available for Advisory Board and Board of Directors positions.

Let's Start a Conversation

Or contact us:

John Hines

Managing Partner

(610) 212-8036
Johnhines@globalinspartners.com