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Rating systems are where premium is calculated. They are not where premium accounting should live. Many MGAs and wholesalers rely on rating platforms such as PL Rating and Surefyre to quote and bind business. Premium Accounting integrates with rating systems to turn quoted and bound premium into accurate invoices, receivables, and accounting outcomes without spreadsheets or manual rework.
Rating systems are designed to:
They are not designed to:
As a result, accounting teams receive premium data that must be manually transformed into accounting logic, almost always using spreadsheets.
Premium Accounting integrates with rating systems as an upstream data source.
The integration model works as follows:
This ensures rated premium flows cleanly into accounting without manual intervention. To understand how this fits into a broader stack, see how organizations replace insurance accounting without changing their management system.
Premium Accounting is commonly integrated with:
In both cases, Premium Accounting:
This eliminates the need to rebuild rating outputs manually inside accounting systems.
Accounting teams working downstream of rating systems often face:
Premium Accounting addresses these issues by:
This allows rating systems to remain focused on pricing while accounting teams regain control.
Premium Accounting synchronizes insurance-ready results to the accounting ledger you already use.
Supported accounting ledgers include:
Premium Accounting ensures rated premium becomes trustworthy financial data without forcing rating systems to act as accounting tools. For a broader view, see how Premium Accounting integrates with insurance management systems and accounting ledgers.
For organizations using Selectsys technology, Premium Accounting integrates natively with Selectsys RQB. Selectsys RQB manages real-time rate, quote, and bind workflows across carriers. Premium Accounting consumes RQB transaction data directly, allowing premium to flow seamlessly from bind to invoice to accounting without re-keying or spreadsheets. Learn more about the Selectsys RQB and Premium Accounting integration.
Rating system integration is ideal for organizations that:
It is most commonly adopted by MGAs and wholesalers evaluating insurance premium accounting software to modernize premium workflows.
Accurate allocations, full traceability, and audit-ready reporting - without agency accounting workarounds.