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

Placing Support, PPL · MRC v3 · CDR

We prepare and check placement packs, capture the fields required by MRC v3 and CDR, and run practical QC so placements move smoothly and downstream processing sees fewer exceptions.

London Market Hub Coverholder OpsBook a placement readiness review

Data & Document Readiness

  • MRC v3 pack assembly: follow your market guidance and programme rules; apply required/format/list checks before submission.
  • CDR capture & validation: map and validate the fields you need for downstream processing; add cross-sheet reconciliations where appropriate.
  • Supporting artefacts: loss-run chase; exposure flags per your playbooks; sanctions/clearance steps are triggered through your workflows (we do not make risk decisions).
  • Version control: change logs, exception notes and referral thresholds so the record is clear.

Placement Administration (Compatible with PPL Processes)

We support placement administration compatible with PPL processes: pack completeness checklists, data entry support and correspondence aligned to your steps and authorities.

We do not claim a product integration unless contracted; we work within your approved process and systems.

QC Gates

  • Mandatory fields present and properly formatted
  • Consistent insured/coverholder identifiers
  • Terms, sections and endorsements cross-checked for consistency

KPIs (Targets)

  • Placement admin cycle time target: shorten by ~30–40% versus your baseline after bedding-in.
  • Rework target: < 2% after QC.
  • Timetable adherence: on-time submissions to market stakeholders.

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.

Works With Your Stack

We operate alongside your PAS/AMS, document stores and analytics. Outputs include validated data files and structured packs designed to reduce exceptions; delivery methods follow your security approvals.

FAQ's

We support placement administration compatible with PPL processes under your approved procedures and authority framework. We do not claim a product integration unless contracted.
Yes. We capture and validate the fields you specify for CDR, with QC to reduce downstream exceptions.
We trigger your existing workflows and record evidence. We do not make risk selection or pricing decisions.

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.