How do you manage unapplied cash?

Matching rules and references accelerate allocation; any unapplied items sit in a queue with owners, due dates and notes until resolved.

Do you support maker-checker on reconciliations and statements?

Yes. Reconciliations and statement releases follow a sign-off workflow with segregation of duties and audit logs.

Can you provide monthly evidence packs?

Yes. We compile logs, approvals, reconciliations and attachments for monthly controls attestation and audits.

Now live: Premium Accounting and CoverPay. Insurance native accounting, installment billing, and payment collection infrastructure with full control of your payment gateway.

Premium Accounting CoverPay

Bordereaux & DDM, Risk · Premium · Claims

Name: Selectsys
Address: US

We produce and control risk, premium and claims bordereaux with practical QC, versioning and approvals. Outputs are DDM-ready and scheduled for stakeholders so reporting stays on timetable.

London Market Hub Expert Insured, London Market AMS Request the QC rulebook

What We Deliver

Configurable templates for risk/premium/claims.
QC rules: required/format/list/range checks and cross-sheet reconciliations.
Version control & maker-checker: change logs, remediation notes, approvals.
Distribution: scheduled lists; exports for carrier/MA; DDM-ready files (SFTP/API delivery after security approval).
Exception dashboards: owners, severity and due dates.

Typical QC Rules (examples)

Field validations: UMR/ID present and correctly formatted; Inception ≤ Expiry; currency list (GBP/USD/EUR).
Cross-checks: amounts reconcile across risk/premium; consistent coverholder/binder identifiers; LOB/class codes from a controlled list.

Targets & Timetables

On-time distribution to agreed calendars.
Accuracy target: ≥99% on sampled critical fields in steady state.
Exception handling: route to owners with remediation notes and re-issue.

Footnote: KPIs are typical targets. Final SLAs are set during discovery based on volume, mix and systems. Selectsys executes under your authority; underwriting and pricing decisions remain with you.

FAQ's

Are files delivered to DDM automatically?

We produce DDM-ready files. SFTP/API delivery is available after security approval.

Can you apply our own QC rules?

Yes. We load your required/format/list/range rules and cross-sheet checks, then version and approve outputs with maker-checker.

Do you provide evidence for audits?

Yes. Versioned files, approval trails, exception notes and distribution receipts are included in evidence packs.

How This Module Connects to the Full Insurance Lifecycle

Selectsys operates as a unified five module insurance infrastructure. Each component supports a different part of the policy lifecycle while remaining fully connected inside one operating system.

RQB — Rate, Quote, Bind infrastructure supporting API, Excel, ISO, and AAIS driven rating engines.
Expert Insured — Full policy lifecycle management including issuance, endorsements, renewals, and servicing governance.
Premium Accounting — Insurance native accounting handling agency bill, direct bill, trust reconciliation, bordereaux, and premium finance workflows.
CoverPay — Installment billing and payment collection infrastructure allowing you to control your own merchant account without third party billing vendors.
Insurance BPO — Embedded operational execution across submissions, underwriting support, endorsements, renewals, accounting assistance, and policy servicing.

Each module can operate independently, but maximum efficiency is achieved when deployed together as a single lifecycle system.