The new regulatory scrutiny required under the federal Sarbanes-Oxley Act gives added weight to the roles auditors and actuaries play in the insurance industry, perhaps more than in any other line of business, the January issue of Best's Review reports.
Although all public companies must comply with the new accounting regulations, insurance is the only industry that markets and sells products before their final cost is known. As a result, insurers' future predictions, as well as past financial practices, must be reviewed carefully.
As part of its special coverage, Best's Review also features lists of the most-active actuaries and auditors, based on insurance filings.
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