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Now live: P&C insurance accounting for MGAs and wholesalers, plus AAIS commercial lines platforms.
Insurance accounting BPO refers to the outsourcing of insurance-specific financial and accounting operations to a specialized insurance BPO provider. Selectsys delivers insurance accounting BPO services for carriers, MGAs, and wholesalers that require accuracy, regulatory compliance, and audit-ready financial controls across high transaction volumes. Insurance accounting BPO supports premium processing, reconciliation, trust accounting, and financial reporting while maintaining strict separation of duties and operational governance.
Insurance accounting BPO includes the execution of insurance-specific financial operations, including:
All accounting workflows follow insurance-specific controls and regulatory requirements.
Insurance accounting is fundamentally different from general accounting due to trust requirements, carrier settlements, premium flow timing, and regulatory oversight.
Common challenges include:
Insurance accounting BPO addresses these challenges through specialized workflows and controls.
General accounting providers lack the controls and domain expertise required for insurance financial operations. Insurance accounting BPO provides trained insurance accounting teams, documented procedures, and governance structures aligned to carrier, MGA, and wholesaler requirements. This model reduces financial risk while improving accuracy and scalability.
Selectsys delivers insurance accounting BPO through a controlled and auditable operating model:
All transactions are traceable, auditable, and governed.
Insurance accounting BPO services are designed to support:
Insurance accounting BPO integrates directly with adjacent operational workflows, including:
Selectsys insurance accounting BPO services are governed by:
This governance framework ensures financial accuracy and regulatory readiness.
Insurance accounting BPO is most effective when organizations experience reconciliation backlogs, audit pressure, financial data inconsistencies, or difficulty scaling insurance-specific accounting teams.
Selectsys insurance accounting BPO services help insurance organizations maintain financial accuracy, compliance, and scalability with confidence.