Millennium Consulting provides professional services to insurance regulators to assist in their surveillance of the financial condition and operations of their domestic insurance entities. In times of acute increases in workload, Millennium Consulting can assist regulators in addressing their complex regulatory issues and help them respond in a timely and effective manner as this issues arise.
Our professional staff consists of former insurance examiners, NAIC employees, and other financial management positions with insurance departments. Our staff has extensive knowledge of statutory accounting principles, insurance regulation, holding company transactions, UCAA application, reinsurance and investment transactions and analysis of insurer's financial condition. Our regulatory experience and expertise can assist insurance departments in various areas including:
- Financial Analysis and Compliance Services
- Reinsurance Review Services
- Company Admissions Services
- Review of Holding Company Transactions
- Educational Training Services
Financial Analysis and Compliance Services
Millennium Consulting has the expertise to either perform or assist in the financial analysis of insurance companies and HMOs licensed in your state. A well-performed financial analysis will include a thorough investigation, thoughtful analysis and full disclosure of all relevant aspects of the subject entity.
Our staff can review and recommend appropriate action based on the review and analysis of a regulated entity's financial statements and other records; specifically evaluating assets, liabilities, surplus/RBC adequacy, liquidity, operations, reinsurance, management, etc.
Reinsurance Review Services
We review and evaluate complex reinsurance treaties, contracts, transactions and programs. Services include interpretation of contractual language, cash flow analyses to determine risk transfer, and verification of appropriate accounting treatment.
Company Admission Services
Millennium Consulting has the experience and expertise in reviewing UCAA application for completeness, compliance with your state insurance statutes and provide an action response supported by recommendations with written analysis of the transaction, findings, and conclusions thereon.
Holding Company Transaction Services
Our staff can provide the technical expertise required to review and provide opinions on Form A Filings including reviewing Form A filings to determine if all required information has been submitted; determine what additional information beyond that contained in the Form A filing is required for the review; review all financial information and financial forecasts; and provide a written recommendation on the proposed transaction, supported with a written analysis of the transaction, findings, and conclusions.
Private-In House Seminars
Millennium Consulting offers private in-house regulatory seminars at a discounted rate and are designed with your training and budgetary needs in mind. We offer specialized, executive and large staff training. You may also consider hosting a regulatory seminar in conjunction with your domestic companies. Need a quote? Simply complete the short questionnaire and fax to our office.
Request for Proposal (RFP)
Millennium Consulting will gladly complete a RFP for services in your state. Please mail or email any RFP or other information to Millennium Consulting at:
Millennium Consulting Services, LLC
14460 New Falls of Neuse Road, Suite 149-294
Raleigh, NC 27614
Tel: 919-569-6762 \ Fax: 919-569-0336
info@mcs-nc.com |
