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

Premium Processing Console - Clean Cash, Clean Books

Allocation, IBA/trust reconciliations and producer statements under maker checker controls with exception management and audit logs.

Back to Product Premium Processing (BPO)

Allocation & Unapplied Cash

  • Matching rules, references and hints accelerate allocation
  • Unapplied cash queues with owner, age and due dates
  • Drill downs to transaction and document evidence

IBA/Trust Reconciliations & Exceptions

  • Periodic reconciliations with sign off workflow (maker checker)
  • Exception taxonomy and remediation tracking
  • Monthly controls attestation with evidence packs

Producer/Commission Statements

  • Statement generation, approvals and releases
  • Segregation of duties with activity/audit logs
  • Exports to accounting and MI dashboards
Book a session Discuss BPO premium ops

Related Insights

FAQ's

Matching rules and references accelerate allocation; unapplied cash items are owned with deadlines and drill down evidence for resolution.
Yes. Reconciliations follow a sign off workflow with segregation of duties and full audit trails.

How This Service Connects to the Core Platform

This service operates within the Selectsys five module insurance infrastructure. Operational execution is fully aligned with the technology backbone.

  • RQB — Rating and bind infrastructure for commercial and specialty lines.
  • Expert Insured — Policy lifecycle system managing issuance, endorsements, and renewals.
  • Premium Accounting — Insurance native accounting for agency bill, direct bill, trust, and reconciliation.
  • CoverPay — Installment billing and payment collection infrastructure using your own merchant account.
  • Insurance BPO — Embedded teams executing submissions, underwriting support, servicing, and compliance.

Operational services are most effective when integrated directly with the core platform modules.