ASC 944: The Ultimate Guide for Insurers - HubiFi

August 7, 2025
Jason Berwanger
Accounting

Get clear, practical steps for ASC 944 revenue recognition. Learn how insurance leaders can benefit. Visit the "hubifi" official site for more resources.

ASC 944 compliance for insurance revenue recognition.

Compliance often feels like a burden, especially for financial leaders in the insurance space. But what if you saw it as an opportunity? Getting your accounting right under ASC 944 does more than just satisfy auditors—it provides a crystal-clear picture of your company's financial health. A solid grasp of ASC 944 revenue recognition allows you to make smarter strategic decisions and build stronger stakeholder trust. This guide will show you how to implement the standard effectively, turning a complex requirement into a powerful tool for your business. For more resources, visit the "hubifi" official site.

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Key Takeaways

  • Confirm Significant Risk Transfer First: A contract only qualifies as insurance under ASC 944 if it transfers substantial risk from the policyholder to your company. If it doesn't meet this core test, it must be accounted for differently—typically as a deposit, not as insurance revenue.
  • Recognize Revenue Incrementally, Not Instantly: Insurance revenue is earned over the life of a policy, not all at once. This requires you to systematically recognize premiums as you provide coverage while also accounting for future obligations like claim liabilities and acquisition costs.
  • Use Technology to Streamline Compliance: Managing ASC 944 with manual processes is inefficient and leads to errors. Automating revenue recognition and integrating your data sources creates a single source of truth that ensures accurate reporting, simplifies audits, and provides the real-time analytics needed for smart business decisions.

What is ASC 944 and Why Does It Matter for Insurers?

If you're in the insurance industry, you've likely heard of ASC 944. Think of it as the official rulebook for how insurance companies handle their accounting. Created by the Financial Accounting Standards Board (FASB), these accounting rules provide specific guidance on how to record income, costs, and other financial activities related to insurance contracts. The main goal is to ensure that an insurer’s financial statements present a clear and honest picture of its financial health.

So, why is this so important? For starters, it creates consistency across the board. When all insurance companies follow the same guidelines, it becomes much easier for investors, regulators, and even customers to compare one company to another on an apples-to-apples basis. This standardization builds trust and confidence in the industry as a whole, which is invaluable. Following ASC 944 isn't just about checking a compliance box; it's about providing a transparent view of your company's performance and stability. It helps stakeholders understand exactly how you're managing risk and generating revenue, which is fundamental to the business of insurance. Ultimately, it’s about telling a clear, consistent financial story that everyone can understand.

Getting to Know the Core Principles

At its heart, ASC 944 is built on a few key ideas. The most critical one is the concept of significant risk transfer. For a contract to be treated as insurance, it must genuinely transfer a major risk from the policyholder to the insurance company. If a contract doesn't meet this requirement, it's typically accounted for as a deposit rather than an insurance policy. Beyond this, the standard provides detailed guidance for specific areas like premium recognition, handling claims, setting aside reserves for future liabilities, and addressing premium deficiencies. These principles work together to ensure every aspect of an insurance contract is reported accurately.

How It Changes Your Financial Reports

The biggest impact of ASC 944 is on your financial statements and the level of transparency you provide. By standardizing how revenue and liabilities are reported, the guideline makes your financial reports more reliable and easier to understand for outsiders. This is a huge benefit when you're trying to attract investors or simply prove your company's stability. Under ASC 944, insurers must also share detailed information in their financial disclosures. This includes specifics about contract terms, how risks are managed, and historical data on claims. This level of detail gives stakeholders a much clearer view into the company's operations and financial footing.

Does ASC 944 Apply to You?

Before you get into the specifics of revenue recognition, the first step is to confirm if ASC 944 even applies to your business. It might seem straightforward, but the definition of an "insurance entity" can be broader than you think. Let's break down who needs to follow this standard and what that really means for your operations.

Which Insurance Entities Need to Comply?

ASC 944 is designed exclusively for businesses that qualify as "insurance entities." This isn't just about having "insurance" in your company name. Generally, you fall into this category if your business holds an insurance license, reports to insurance regulators, or has the primary purpose of providing insurance coverage. The standard is quite comprehensive, covering a wide range of companies. This includes everything from life and health insurance providers to those in property, casualty, title, mortgage guaranty, and even reinsurance. If your operations fit this description, then ASC 944 compliance should be on your radar.

What Falls Under the ASC 944 Standard?

To get more specific, the standard applies if your company meets certain criteria. Think of it as a checklist: Do you have an insurance license? Do you report to insurance regulators? Do your official formation documents state that your purpose is insurance? If you're an SEC filer, do you follow the specific insurance company rules in Regulation S-X? If you're nodding yes to these, you're within the scope of the guidance. It's important to understand this because insurance companies often manage different accounting models for various contract types, which adds a layer of complexity to financial reporting.

What Counts as an Insurance Contract Under ASC 944?

When you think of an insurance company, you probably assume every policy it sells is an "insurance contract." But for accounting purposes under ASC 944, the definition is much more specific. The label on the product doesn't matter as much as what the contract actually does. The entire standard hinges on one central idea: the transfer of significant insurance risk.

For a contract to be classified as insurance, it must move a substantial risk from the policyholder to the insurance company. This means the insurer takes on a genuine chance of having to pay out a claim that could be much larger than the premiums it collected. If a contract doesn’t meet this fundamental test, it’s not treated as insurance. Instead, it’s often accounted for as a deposit or a type of financial instrument. This distinction is critical because it completely changes how you recognize revenue and report your financial performance. Getting it right is the first step toward accurate, compliant accounting that truly reflects your company's financial health.

The Key Criteria Your Contracts Must Meet

The single most important rule for a contract to fall under ASC 944 is that it must transfer "significant insurance risk." This isn't just about the possibility of a loss; it's about the magnitude of that potential loss. The standard requires that there be a reasonable possibility the insurer will suffer a significant loss if the insured event occurs. This means the payout could meaningfully exceed the value of the premiums paid by the customer. If a contract only involves a minor risk or is structured so the insurer can't realistically lose money, it fails this test. This concept of major risk transfer is the foundation of insurance revenue recognition.

How to Tell Insurance Apart from Other Financial Products

So, what happens when a contract doesn't transfer significant insurance risk? It gets treated like a different kind of financial product, usually a deposit. Think of it this way: if the contract primarily functions like a savings or investment vehicle with a minor insurance component tacked on, it's not a true insurance contract. In these cases, the premiums you collect aren't recognized as revenue. Instead, they are recorded as a liability on your balance sheet. The scope of ASC 944 guidance is very clear that these deposit-type contracts fall outside its rules, ensuring that only genuine risk-transfer agreements are accounted for as insurance.

How to Recognize Revenue with ASC 944

Getting your revenue recognition right under ASC 944 comes down to following a specific, logical process. Unlike a simple sale where revenue is recognized at one point in time, insurance revenue is earned over the life of a policy, and you have to account for future possibilities like claims and costs. Think of it as a framework for telling the financial story of your insurance contracts accurately from beginning to end.

Breaking it down into manageable steps makes compliance much less intimidating. The standard guides you on how to handle the money coming in (premiums), the money you expect to pay out (claims), and the costs of doing business. Let’s walk through the four key actions you’ll take to recognize revenue correctly.

Handling Earned and Unearned Premiums

Think of an insurance premium like a subscription fee. A customer pays you upfront for a year of coverage, but you don't earn all that money on day one. Instead, you recognize it as income incrementally over the policy period. This is the core of premium recognition.

The portion you’ve earned by providing coverage is your "earned premium." The rest, which represents the coverage you still owe the customer, is recorded as an "unearned premium liability." For most short-duration contracts, this is a straightforward, even spread over the policy term. Getting this right ensures your revenue accurately reflects the protection you've provided to date.

Properly Accounting for Claim Liabilities

A huge part of insurance accounting is preparing for the inevitable: claims. ASC 944 requires you to set aside funds for claims you expect to pay. This isn't just for claims that have already been filed. You also have to estimate and account for claims that have happened but haven't been reported to you yet, often called IBNR (Incurred But Not Reported) claims.

This process involves creating "loss reserves," which are liabilities on your balance sheet. Accurately estimating these future payouts is critical for maintaining your company's financial health and building trust with policyholders. You can find more insights on the HubiFi blog.

Handling Acquisition Costs and Losses

Acquiring a new policyholder comes with costs—think commissions, underwriting, and marketing expenses. Instead of expensing these costs immediately, ASC 944 allows you to defer them. These deferred acquisition costs (DAC) are then amortized, or gradually expensed, over the life of the policy, matching the costs with the revenue they help generate.

You also have to plan for policies that might not be profitable. If you determine that the premiums from a contract won't be enough to cover future claims and costs, you have a "premium deficiency." When this happens, you must recognize the expected loss immediately. This conservative approach ensures your financial statements reflect potential losses as soon as they become apparent.

Measure Your Insurance Contracts Correctly

Before you apply any of these rules, you have to be certain you’re dealing with an actual insurance contract. According to ASC 944, a contract only qualifies as insurance if it involves a significant transfer of risk from the policyholder to you, the insurer. If there's no real risk transfer, it's likely a different type of financial instrument and falls under other accounting guidance.

This step is foundational. You need to assess the substance of each contract to ensure it meets the criteria. Having clear, accessible data makes this evaluation much easier and more reliable, which is a core focus of our work at HubiFi.

ASC 944 vs. ASC 606: What's the Difference?

Think of ASC 944 and ASC 606 as two different sets of instructions for two very different tasks. While ASC 606 is the go-to standard for revenue recognition across most industries, ASC 944 is a specialized guide created exclusively for insurance contracts. They are mutually exclusive, so the first step is figuring out which one applies to your business. If you’re in the insurance industry, ASC 944 is your rulebook. For nearly everyone else selling goods or services, ASC 606 is the standard to follow.

Comparing Scope and Application

The most significant difference is who uses them. ASC 944 is a special set of accounting rules designed just for insurance companies and their contracts. If a contract meets the criteria for an insurance contract, it’s automatically exempt from ASC 606 guidance. This standard is highly specific, providing guidance on how to account for complex reinsurance transactions, where one insurer transfers a portion of its risk to another. In contrast, ASC 606 applies broadly to any entity that enters into contracts with customers to transfer goods or services.

What Makes Insurance Revenue Unique?

Insurance revenue is fundamentally different from revenue generated by selling a product or service. The core of an insurance contract is the transfer of significant risk from the policyholder to the insurer. For a contract to be considered 'insurance' under ASC 944, it must truly move a major risk from the customer to the insurance company. If a contract doesn't involve this key risk transfer, it's typically treated as a deposit, not an insurance contract. This is why ASC 944 has detailed sections for things like premium income, claims and benefits, and premium deficiencies—concepts that are unique to the insurance industry and not addressed in ASC 606.

How to Implement ASC 944 and Avoid Common Pitfalls

Putting ASC 944 into practice can feel like a heavy lift, but with the right approach, you can make the transition smooth and even use it as a chance to strengthen your financial operations. The key is to anticipate challenges, create a clear strategy, and follow a few best practices from the start. This isn't just about checking a compliance box; it's about setting your business up for greater clarity and more accurate reporting down the line.

Sidestep Common Implementation Hurdles

One of the most common mistakes I see is treating data management as a short-term expense instead of a long-term asset. Many insurers work with disconnected systems, making it incredibly difficult to pull together the information needed for ASC 944 compliance. When your data is siloed, you spend more time chasing down numbers than analyzing them, which can lead to errors and delays. Instead, view this as an opportunity to build a solid data foundation. A strong data strategy isn't just about compliance; it's about making smarter, faster decisions for your business. You can learn more in our complete ASC 944 short-duration contracts guide.

Your Game Plan for Smooth Compliance

A smooth implementation starts with a proactive strategy. Don't wait for issues to pop up. The purpose of ASC 944 is to create a consistent framework for financial reporting, so your first step is to understand how it applies to your specific business. This includes getting a handle on complex areas like accounting for reinsurance transactions, where you transfer risk to another insurer. Your strategy should involve a full review of your current processes. Map out how you’ll identify which contracts fall under the standard and how you’ll track premiums, claims, and acquisition costs accordingly. A clear plan not only ensures you meet your ASC 944 compliance obligations but also helps you avoid last-minute scrambles when it's time to close the books.

Our Top Implementation Best Practices

First, remember that insurance contracts under ASC 944 are specifically exempt from the ASC 606 revenue recognition guidance. This is a critical distinction, and your team needs to be clear on which standard applies to which revenue stream to ensure accuracy. Insurance companies often face the unique challenge of applying different accounting models to different types of contracts, all under the ASC 944 umbrella. To manage this, start by conducting a thorough inventory of all your contracts. From there, you can implement technology that automates these complex accounting rules. The right tools can handle various contract types and connect with your other systems, ensuring your data is consistent and your reporting is accurate. Explore how HubiFi’s integrations can connect your data for seamless reporting.

How ASC 944 Changes Your Financial Reporting

Adopting ASC 944 isn't just a box-ticking exercise for your accounting team; it fundamentally reshapes how your company’s financial story is told. The standard is designed to bring more clarity and consistency to insurance accounting, making your financial statements more transparent and comparable across the industry. For stakeholders, from investors to regulators, this means a more reliable picture of your company's performance and obligations.

Think of it as upgrading your reporting from standard definition to high definition. The core operations are the same, but the picture is much sharper. This shift affects everything from how you recognize the money coming in from premiums to how you account for future claims, ultimately influencing the key metrics that define your financial health. Getting this right is crucial, and it starts with understanding how the changes will appear on paper.

What to Expect on Your Financial Statements

The main goal of ASC 944 is to ensure your financial statements present a clear and honest picture of your company's financial position. Instead of recognizing premium revenue upfront, you’ll now recognize it systematically over the life of the insurance contract. The portion of the premium that covers the unexpired part of the policy period is recorded as an "unearned premium liability" on your balance sheet.

This approach better reflects the reality of your business—you earn the revenue as you provide coverage. As a result, your income statement will show a smoother, more accurate representation of earned revenue each period. This change provides a more faithful depiction of your obligations and financial health, which is exactly what you can find in our ultimate guide to insurance revenue.

The Impact on Your Key Ratios and Metrics

Because ASC 944 changes how and when you recognize revenue and costs, it naturally impacts your key performance indicators (KPIs). One of the most significant changes is the requirement to recognize a loss on a group of policies as soon as it becomes evident, rather than waiting until the claims are paid. This can affect your profitability ratios sooner than you might be used to.

By matching income and costs more accurately within the same period, the standard gives a clearer view of your financial risks and duties. This enhanced visibility allows for more informed strategic decisions and a truer assessment of your underwriting performance. Having access to real-time analytics and other insights becomes even more critical for understanding how these changes affect your bottom line and for communicating performance to your stakeholders effectively.

Use Technology to Simplify ASC 944 Compliance

Trying to manage ASC 944 compliance with spreadsheets and manual processes is a recipe for headaches. The standard is complex, and the risk of human error is high, which can lead to inaccurate financial statements and stressful audits. The good news is that you don't have to go it alone. The right technology can transform compliance from a major burden into a streamlined, automated part of your operations. By adopting modern tools, you can ensure accuracy, save countless hours, and gain clearer insight into your company's financial health.

Automate Your Revenue Recognition

The best way to handle the detailed requirements of ASC 944 is to take manual entry out of the equation. Automated accounting systems are designed to simplify recording insurance transactions, from recognizing premiums over the contract period to accounting for claims liabilities. By letting technology manage these processes, you significantly reduce the chance of errors and ensure the standard’s rules are applied consistently every time. This frees up your team to focus on strategic analysis rather than getting bogged down in tedious data entry, making your entire financial operation more efficient and reliable.

Integrate Data for Accurate Reporting and Analysis

Your financial data probably lives in a few different places—your CRM, your ERP, and maybe other platforms. For ASC 944, you need a complete picture. Technology that offers seamless integrations can pull all this disparate data together, creating a single source of truth for your financial reporting. This unified view is critical for producing accurate reports that will stand up to auditor scrutiny. It also powers real-time analytics, giving you an up-to-the-minute look at your financial performance so you can make informed, strategic decisions with confidence.

Why Connect Your CRM and Accounting Software?

Connecting your CRM and accounting software is one of the most effective ways to break down the walls between your sales and finance teams. When these systems operate in isolation, you get an incomplete picture of your business. Your sales team has the customer relationship data, while your finance team has the payment and revenue data. Integrating them brings all that information together, creating a single, unified view of the entire customer lifecycle. This helps you manage money better, reduce manual data entry errors, and make smarter, data-driven decisions based on a complete understanding of your revenue streams and customer behavior.

Choosing Your Integration Method: Native vs. Third-Party

When it comes to connecting your systems, you generally have two paths: native or third-party integrations. Native integrations are built directly on a platform, like an app that lives inside your Salesforce environment. Think of it as two systems living in the same house—it’s often simple and seamless. Third-party tools, on the other hand, act as a bridge connecting two separate systems. While this might sound more complex, it often provides far more flexibility and power. A specialized third-party tool can connect a wider variety of software and handle more complex business logic, which is essential for the unique rules of insurance accounting. This approach gives you the freedom to choose the best software for each job without being limited by native availability.

Key Features of a Strong Integration Tool

Not all integration tools are created equal. To truly streamline your operations, you need a solution with a few key features. First, look for real-time data synchronization. Information should update instantly across both your CRM and accounting software, so you’re always working with the most current numbers. Second, the tool must be customizable. Insurance accounting has specific rules, and your integration should be flexible enough to adapt to your unique processes. Finally, powerful automation is a must. The system should handle repetitive tasks for you, like creating invoices from closed deals or updating customer records, freeing up your team for more strategic work.

Streamline Your Month-End with Financial Close Software

The month-end close is a notorious source of stress for finance teams. It’s often a frantic race to reconcile accounts, check for errors, and generate reports. Financial close software is designed to fix this. It acts as a "single source of truth" by pulling financial data from all your different systems—like your sales platform, billing software, and bank accounts—into one centralized place. From there, it automates many of the most time-consuming tasks, such as matching transactions and preparing journal entries. This dramatically reduces the risk of manual errors and gives your team back valuable time, turning a chaotic process into a smooth, predictable one.

What to Look for in a Financial Close Tool

When evaluating financial close software, focus on two critical features: automated workflows and live reporting. Automated workflows are like a digital project manager for your month-end close. They create checklists, assign tasks to team members, and track progress in real time, so everyone knows exactly what they need to do and when. This eliminates confusion and ensures nothing falls through the cracks. Live reports give you an immediate, up-to-date view of your company's financial health. Instead of waiting until after the month ends to see how you performed, you can access real-time dashboards to make faster, more informed decisions throughout the month.

Measuring Success: Key Performance Metrics

How do you know if your financial close software is actually working? Track a few key performance metrics. The most obvious one is your close time—how many days it takes your team to close the books each month. The goal is to consistently shorten this cycle. Another critical metric is your error rate. As you automate more of the process, you should see a significant drop in mistakes caused by manual data entry. Tracking these numbers will give you clear, quantifiable proof of your ROI and help you identify areas for further improvement in your financial operations.

The Future of the Financial Close: AI and Automation

The financial close process is evolving quickly, with two major trends leading the way: artificial intelligence (AI) and deeper automation. In the near future, smart AI and machine learning programs will do more than just automate simple tasks. They will help spot anomalies in your data, suggest journal entries, and predict potential issues before they happen. The ultimate goal is to move toward a "touchless" close, where the system handles nearly all complex tasks without human intervention. Embracing these technologies will be key for finance teams looking to become more efficient and strategic partners to the business.

Manage Premiums Effectively with Accounts Receivable (AR) Software

For insurers, consistent cash flow is everything, and it all starts with effectively collecting premiums. This is where accounts receivable (AR) software becomes a game-changer. At its core, AR software helps you manage the money your policyholders owe you. Its main purpose is to streamline and accelerate the payment process, ensuring you get paid faster and more reliably. By automating tasks like sending invoices and payment reminders, you can reduce late payments, improve your cash position, and free up your team from chasing down outstanding premiums. You can find more details in our ultimate guide to AR software.

Essential Features of AR Software for Insurers

When choosing an AR solution, insurers should look for robust automation and integration capabilities. The software should automatically handle the entire invoicing and collections workflow, from sending initial premium notices to dispatching timed payment reminders and tracking due dates. This ensures a consistent and professional experience for your policyholders. Equally important is integration. Your AR tool needs to connect seamlessly with your core systems, including your accounting software (like QuickBooks or NetSuite), ERP, and CRM. This ensures that payment data flows accurately across your entire organization, keeping everyone on the same page.

Tracking Performance: AR Metrics That Matter

To measure the effectiveness of your collections process, focus on a couple of key AR metrics. The first is Days Sales Outstanding (DSO), which tells you the average number of days it takes to collect payment after a premium is due. A lower DSO is always better, as it means cash is coming into your business more quickly. Another important metric is the Collection Effectiveness Index (CEI), which measures how good your company is at collecting the money it's owed during a specific period. Tracking these metrics will give you a clear picture of your cash flow health.

Common Myths About AR Automation

Two common myths often stop businesses from adopting AR automation. The first is that it's only for large corporations. This is simply not true. Small and medium-sized insurers can benefit immensely from AR software by improving their cash flow and presenting a more professional image to policyholders. The second myth is that automation replaces people. In reality, it’s a tool that empowers your finance team. By taking over the repetitive, manual tasks of collections, AR software frees up your staff to focus on more strategic activities, like analyzing payment trends and improving customer relationships.

Prepare for the Future of Insurance Accounting

The world of accounting doesn’t stand still, and insurance is certainly no exception. The standards that guide your financial reporting today will continue to evolve. Staying ahead of these changes isn’t just about ticking a compliance box; it’s about future-proofing your business, maintaining stakeholder trust, and making strategic decisions with a clear view of what’s ahead. Being prepared means you can adapt smoothly instead of scrambling to catch up.

Staying Current with Developments and Updates

Think of accounting standards as living documents. The Financial Accounting Standards Board (FASB) regularly refines regulations like ASC 944 to improve clarity and relevance. These updates can directly affect how you recognize revenue and report your financial performance. For example, ASU 2018-12 introduced significant new guidance on long-duration contracts, requiring insurers to adjust their accounting methods. Consistently monitoring these developments is essential. By staying informed, you can anticipate shifts, train your team accordingly, and ensure your financial reporting remains accurate and compliant year after year.

Get Ready for What's Next in Regulation

ASC 944 provides a comprehensive framework for revenue recognition, but its application can be complex, especially since insurers handle so many different types of contracts. Future regulatory changes will likely add new layers to these requirements. Instead of waiting for new rules to drop, you can build a resilient accounting process now. This means understanding the nuances of your current contracts and ensuring your systems are flexible enough to adapt. A proactive approach allows you to handle regulatory shifts with confidence, knowing your financial operations are built on a solid and adaptable foundation.

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Frequently Asked Questions

What's the single biggest hurdle for companies when they first implement ASC 944? From what I've seen, the most common challenge is dealing with disconnected data. Many insurers have financial information spread across different systems that don't talk to each other. This makes it incredibly difficult to get a clear, complete picture for accurate reporting. Instead of focusing on analysis, teams end up spending their time just trying to track down the right numbers, which can lead to mistakes and delays.

I'm still a bit confused. In simple terms, what's the main difference between ASC 944 and ASC 606? Think of it this way: ASC 944 is a specialized rulebook written exclusively for insurance contracts, while ASC 606 is the general rulebook for revenue from contracts with customers across most other industries. They are mutually exclusive. If your contract involves transferring significant insurance risk, you use ASC 944. For almost any other sale of goods or services, you use ASC 606. You never apply both standards to the same contract.

What does "significant risk transfer" actually mean in practice? It’s the core idea that determines if a contract is truly insurance for accounting purposes. It means there must be a real possibility that the insurer will have to pay out a claim that is substantially more than the premiums collected. If a policy is structured in a way that the insurer can't realistically lose money, it fails this test. The risk has to genuinely move from the policyholder to the insurance company.

My company isn't a huge insurance carrier. Do these rules still apply to smaller or more specialized insurance businesses? Yes, they do. The rules apply to any business that qualifies as an "insurance entity," regardless of its size. This is typically determined by whether you hold an insurance license and are subject to regulation by an insurance authority. The standard covers a wide range of companies, including property, casualty, title, and reinsurance businesses, not just the large life and health providers.

How does following ASC 944 actually help my business beyond just staying compliant? Beyond just meeting regulatory requirements, adopting ASC 944 brings a new level of clarity to your financial story. It forces a more accurate matching of your revenue to the coverage period, giving you and your stakeholders a truer picture of your company's profitability and financial health. This enhanced transparency builds trust with investors and provides you with more reliable data for making sharp, strategic business decisions.

Jason Berwanger

Former Root, EVP of Finance/Data at multiple FinTech startups

Jason Kyle Berwanger: An accomplished two-time entrepreneur, polyglot in finance, data & tech with 15 years of expertise. Builder, practitioner, leader—pioneering multiple ERP implementations and data solutions. Catalyst behind a 6% gross margin improvement with a sub-90-day IPO at Root insurance, powered by his vision & platform. Having held virtually every role from accountant to finance systems to finance exec, he brings a rare and noteworthy perspective in rethinking the finance tooling landscape.