Replace Insurance Accounting Without Changing Your Management System

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Most insurance accounting projects fail before they start. Not because accounting is impossible to fix, but because teams are told they must replace their entire agency management system to do it. That approach is expensive, disruptive, and risky. Premium Accounting lets MGAs and wholesalers replace broken insurance accounting without changing their management system, their rating tools, or their general ledger.

The Real Problem Is Not Your Management System

Agency management systems are built to manage policies, submissions, endorsements, and workflows.

They are not built to:

  • Run premium billing logic
  • Allocate partial payments
  • Handle installments and premium finance
  • Reconcile direct bill commission statements
  • Maintain an auditable premium subledger

As a result, accounting teams are forced to work outside the system using spreadsheets, manual journals, and custom exports. The problem is not your AMS. The problem is forcing it to act like an accounting engine.

Why Replacing Your AMS to Fix Accounting Is the Wrong Move

Replacing an agency management system to solve accounting problems introduces new risks.

Teams face:

  • Long implementation timelines
  • Data migration complexity
  • Retraining staff across departments
  • Loss of historical context
  • New operational constraints

Even after replacement, accounting gaps often remain, and spreadsheets return. Premium Accounting avoids this entirely by addressing accounting where it belongs, outside the AMS.

How Premium Accounting Fits Into Your Existing Stack

Premium Accounting is designed to sit alongside your existing systems.

It works by:

  • Ingesting policy and transaction data from your management system
  • Applying insurance-specific premium accounting logic
  • Tracking invoices, payments, allocations, and balances
  • Synchronizing clean results to your general ledger

Your management system continues to manage operations. Premium Accounting manages premium accounting. To understand the accounting logic behind this approach, see our overview of insurance premium accounting software built for real P&C workflows.

Works With Any Agency Management System or Rating Tool

Premium Accounting is system-agnostic and API-first.

It integrates with:

  • Agency and MGA management systems
  • Policy administration platforms
  • Rating and quote-bind tools
  • External data sources

This includes widely used platforms such as:

  • Vertafore AMS360 and AIM
  • Applied Epic
  • Sagitta
  • MGA Systems
  • BindHQ
  • Guidewire
  • Insurity
  • PL Rating
  • Surefyre

If your system can provide policy or transaction data, Premium Accounting can work with it. Learn more about how Premium Accounting integrates with insurance management systems and accounting ledgers.

Designed for Accounting Teams, Not Just IT Projects

Premium Accounting is built for the people responsible for the numbers.

Accounting teams gain:

  • A dedicated premium subledger
  • Clear, rules-based allocation instead of spreadsheet logic
  • Visibility into balances at any point in time
  • Traceability from policy to invoice to payment to posting
  • Confidence during month-end close and audits

This reduces operational risk without introducing system-wide disruption.

Who This Approach Is For

This approach is ideal for organizations that:

  • Like their management system but hate the accounting workarounds
  • Manage both agency bill and direct bill business
  • Deal with installments, premium finance, and bordereaux
  • Want better accounting without a full system replacement

It is most commonly used by MGAs and wholesale brokers evaluating MGA accounting software to replace spreadsheet-based premium workflows.

FAQs

No. Premium Accounting integrates alongside your existing management system and does not require replacing it.
No. Premium Accounting is designed to complement existing workflows while improving accounting accuracy and visibility.
Yes. Premium Accounting is API-first and can ingest data from a wide range of management systems and data sources.
Yes. Premium Accounting is designed to handle increasing transaction volume, carriers, and complexity without reintroducing spreadsheets.

Modern Premium Accounting for P&C MGAs and Wholesalers

Accurate allocations, full traceability, and audit-ready reporting - without agency accounting workarounds.

Request a Demo See How Premium Accounting Fits Your Existing Stack

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