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Many MGAs use Vertafore MGA Systems to manage programs, policies, and operations. Where teams often struggle is accounting. Vertafore MGA Systems includes accounting functionality, but it is designed to support operations, not to function as a dedicated premium accounting engine. This page explains the difference and why many MGAs keep MGA Systems while replacing the accounting layer.
Accounting inside MGA Systems is designed to support operational workflows.
It typically provides:
For straightforward use cases, this may be adequate. As premium complexity increases, limitations become visible.
MGA accounting requirements often exceed what operational systems are designed to handle.
Common challenges include:
As a result, accounting teams export data from MGA Systems and rebuild logic in spreadsheets.
Premium Accounting is a dedicated premium subledger built specifically for MGA accounting.
It is designed to:
It focuses on accounting so MGA Systems does not have to.
One of the biggest misconceptions is that improving accounting requires replacing the MGA platform.
Premium Accounting integrates alongside MGA Systems:
This approach avoids rip-and-replace projects while delivering immediate accounting improvement. To understand this architecture, see how organizations replace insurance accounting without changing their management system.
Vertafore MGA Systems Accounting
Premium Accounting
Both systems can coexist, but they serve different purposes.
MGA Systems accounting may be sufficient if:
As complexity grows, accounting risk grows with it.
Premium Accounting is a better fit when:
At this stage, accounting limitations are structural, not procedural.
Premium Accounting integrates with MGA Systems, rating tools, and accounting ledgers. MGAs do not need to switch platforms to achieve accurate accounting To see supported integrations, review how Premium Accounting integrates with insurance management systems and accounting ledgers.
This comparison is most useful for:
It is commonly read by teams searching for insurance premium accounting software that goes beyond operational accounting limits.
Accurate allocations, full traceability, and audit-ready reporting - without agency accounting workarounds.
This comparison is provided for general informational purposes only. It is based on publicly available information, typical use cases, and common operational patterns observed in the insurance industry. Product capabilities, configurations, and customer experiences may vary by implementation, version, and organizational requirements. Nothing on this page is intended to misrepresent, disparage, or evaluate the legal, financial, or commercial standing of any third-party product or vendor. Organizations should conduct their own evaluation to determine which solutions best meet their specific needs.