Insurance Accounting
Software services to support multi-basis accounting across statutory, GAAP, tax and IFRS reporting bases with controlled, auditable processing
What we do
OUR VALUE
BNY helps simplify complex accounting operations by bringing multiple reporting bases together within a controlled operating framework. Integrated processing, reconciliation and audit support help strengthen oversight and improve consistency.
How we help
PRODUCT HIGHLIGHTS
Multi-Basis Accounting
Statutory, GAAP, tax and IFRS books can share transactions and positions, with basis-specific valuation, amortization, impairment, ledger and close processing.
Statutory Reporting
NAIC schedules, verification reports, statutory disclosures, AVR, IMR and RBC reporting capabilities support quarterly and annual insurance reporting.
Fixed Income Accounting
Book values, income, amortization, effective yields, projected cash flows, paydowns and realized and unrealized gains and losses can be automated across accounting bases.
Controls & Auditability
Integrated journals and trial balances, workflow monitoring, exception management, reconciliation, rollback and replay, and complete audit history improve oversight.
What you gain
BENEFITS AT A GLANCE
Insurance Accounting helps you reduce operational risk and strengthen reporting confidence across multiple accounting bases. Auditable processes, unified data and regulatory support strengthen control.
Unified Multi-Basis Accounting
Duplicate processing and basis-to-basis reconciliation is reduced by applying distinct statutory, GAAP, tax and IFRS treatments to a common investment record.
Stronger Controls
Reporting results can be traced to positions, transactions and journal entries with governed workflows, reconciliations, period controls and detailed audit history.
Regulatory Support
Controlled accounting data, basis-specific valuation and disclosure reporting for U.S. and global requirements support statutory and financial reporting.
READY TO TALK ABOUT
WHAT'S NEXT?
See how Insurance Accounting can support multi-basis investment books, controlled operations and regulatory reporting on one platform.
Product capabilities and availability may vary by accounting basis, asset class, jurisdiction, deployment model and client configuration. Regulatory and financial reporting remains subject to each client’s review, approval and filing responsibilities. This material is for informational purposes only and does not constitute accounting, tax, legal, regulatory or investment advice.