London Market Insurance BPO
The London Market runs on precision and timetables. A specialized BPO pod helps coverholders and carriers keep submissions flowing, reporting accurate, and premium/claims processing on schedule.
Core Workflows We Support
- Coverholder Ops: submission intake, quote pack prep, bind/issuance, endorsements.
- Bordereaux Production: premium, risk, and claims bordereaux per carrier spec.
- Premium Processing: account setup, cash allocation, producer statements, reconciliations.
- Market Services Liaison: documentation chase and scheduled reporting.
Controls & Reporting
- Versioned templates; maker‑checker on cash; monthly controls attestation; audit‑ready packs.
Benefits for Carriers & MGAs in the Market
- On‑time reporting; fewer exceptions; cleaner audits; faster close.
Getting Started
- Process walk‑through → pilot for 1–2 DA workflows → scale with SLAs.
FAQs
Do you support coverholder reporting and bordereaux formats?
Yes-we produce premium, risk, and claims bordereaux to carrier specifications with version control and QC checks.
Can you handle premium cash allocation and reconciliations?
Yes-under maker-checker controls with audit trails and monthly reconciliations.
Selectsys Insurance Platform
A unified operating model across the full insurance lifecycle:
Rating, Quote & Bind (RQB)
Build and manage commercial and specialty rating programs
Expert Insured (AMS)
Policy lifecycle management with API-first architecture
Premium Accounting
Insurance-native accounting for premium, commissions, and trust
CoverPay
Installment billing and payment infrastructure with full control
Insurance BPO
Operational execution across submissions, policy processing, and servicing
