Managing General Agents face accounting complexity that generic systems were never built to handle. MGAs manage premium across multiple carriers, programs, billing models, commissions, and settlement cycles.
When accounting depends on spreadsheets, reconciliation becomes a constant fire drill. Premium Accounting is MGA accounting software built specifically for premium billing, reconciliation, and settlement without spreadsheet workarounds.
MGA accounting is not agency accounting at scale.
MGA finance teams must manage:
Generic accounting tools and AMS accounting modules are not designed for this complexity, forcing MGAs into manual processes.
Premium Accounting is designed as a dedicated premium subledger for MGA operations.
It provides:
All while working alongside existing MGA management systems. To see how this architecture works, review how organizations replace insurance accounting without changing their management system.
Premium Accounting supports the billing models MGAs actually use.
This includes:
Accounting teams can manage all models in one system without separate workflows.
Spreadsheets are often used to:
Premium Accounting replaces spreadsheet logic with rules-based workflows and a centralized premium subledger. This reduces risk and improves consistency.
Premium Accounting supports MGA close and audit requirements.
Accounting teams gain:
This allows MGAs to scale without scaling accounting headcount.
Premium Accounting integrates with:
MGAs do not need to replace core systems to modernize accounting. To see supported integrations, review how Premium Accounting integrates with insurance management systems and accounting ledgers.
This MGA accounting software is ideal for organizations that:
Premium Accounting is built for MGAs who want clean books without rebuilding their stack.
Accurate allocations, full traceability, and audit-ready reporting - without agency accounting workarounds.
Selectsys operates as a connected insurance infrastructure. Each component supports a different part of the policy lifecycle while remaining fully connected inside one operating system.
Each capability can operate independently, or connect with the others as the operation requires.
