Premium Reconciliation Made Simple with Automation

Premium reconciliation is critical for MGAs, but manual methods create errors and cash flow delays. Automating reconciliation with Expert Insured eliminates complexity and ensures compliance.

What Is Premium Reconciliation?

Reconciliation compares written premium vs. bound premium vs. carrier remittance. It ensures the books are balanced and commissions are accurate.

Why Manual Reconciliation Fails

• Data spread across spreadsheets.
• Late or missing entries.
• No audit logs for regulators.

How Expert Insured Automates Reconciliation

• Pulls premium data directly from policies.
• Maps and validates fields automatically.
• Generates reconciliation reports instantly.
• Provides audit-ready logs.

Benefits for MGAs

• Save 30-40% in back-office costs.
• Improve commission cash flow.
• Reduce audit exposure.

Use Case Example

A wholesaler reduced reconciliation time from 20 hours per month to 2 hours using Expert Insured.

Overwhelmed by back-office tasks? Our back-office support services streamline premium accounting, audits, and reporting-so your team can focus on growth.

Tired of manual bordereaux reports? Our bordereaux & premium processing solution generates audit-ready reports directly from live policy data, automates reconciliations, and removes spreadsheet headaches.

Frequently Asked Questions

What is premium reconciliation?
It’s the process of comparing written, bound, and remitted premium to ensure accuracy.

Why is automation important for reconciliation?
Automation reduces errors, speeds up reporting, and ensures audit readiness.

Can Expert Insured automate reconciliation?
Yes. It pulls premium data from policies and generates audit-ready reconciliation reports.

In the Value Flywheel, automation speeds handoffs while the BPO pod closes the loop.