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Invoice generation is where premium accounting usually breaks. Insurance invoices are not simple bills. They change after bind, include multiple line items, support installments, and must stay aligned with commissions, fees, taxes, and carrier requirements. Premium Accounting generates insurance premium invoices directly from policy and transaction data, eliminating spreadsheets and manual rework for MGAs and wholesalers.
Most invoicing tools assume:
Insurance premium billing does not work this way. Accounting teams must handle:
When invoices are generated outside of accounting logic, discrepancies appear immediately.
Premium Accounting generates invoices as part of the premium accounting workflow, not as a standalone billing tool.
The process works as follows:
This ensures invoices remain aligned with accounting and downstream reconciliation.
Premium Accounting supports both billing models used in P&C insurance.
For agency bill business:
For direct bill business:
This allows organizations to manage mixed billing models without separate processes.
Premium Accounting generates invoices with line items that reflect real insurance structures.
This includes:
Line items are configurable by line of business and carrier grouping, ensuring invoices align with accounting and reporting needs.
Invoice generation in Premium Accounting is designed for accounting accuracy first.
Accounting teams gain:
This allows invoicing to support, not undermine, the accounting process.
Premium Accounting generates invoices while working alongside your existing systems.
To see how this fits into broader workflows, review how Premium Accounting integrates with insurance management systems and accounting ledgers.
Invoice generation is ideal for organizations that:
It is most commonly used by MGAs and wholesalers evaluating insurance premium accounting software to replace manual billing processes.
Accurate allocations, full traceability, and audit-ready reporting - without agency accounting workarounds.