General Accounting and Reporting Key Benchmarks: Insurance Industry

Published On:
April 27, 2023
Authored By:
APQC
Members-Only Content:

Prepared using data from APQC’s Open Standards Benchmarking® in general accounting and reporting, this article highlights key performance indicators (KPIs) for general accounting and reporting processes in the insurance industry.

Metrics provided include:

  • total cost to perform general accounting and reporting,
  • number of FTEs per $1 billion revenue to perform fixed asset accounting,
  • cycle time to complete the monthly consolidated financial statements, and more.