Vertafore AIM Integration for Insurance Premium Accounting
Many MGAs and program administrators use Vertafore AIM to manage underwriting, policy administration, and program operations. AIM is built to support MGA workflows. What it is not designed to do is run complex insurance premium accounting. Premium Accounting integrates with Vertafore AIM to allow MGAs to keep their management system while running insurance-specific premium accounting without spreadsheets or manual reconciliation.
Why Premium Accounting Becomes a Bottleneck Inside AIM
Vertafore AIM is optimized for MGA operations.
It works well for:
- Policy and program administration
- Underwriting workflows
- Endorsements and servicing
Premium accounting introduces requirements that AIM is not designed to handle:
- Agency bill and direct bill accounting in parallel
- Partial and out-of-order payments
- Installments, premium finance, and return premium
- Allocation of commissions, fees, and taxes
- Reconciliation and audit traceability
As a result, accounting teams often export data from AIM and rebuild logic in spreadsheets.
How Premium Accounting Works With Vertafore AIM
Premium Accounting integrates with Vertafore AIM as an external premium accounting engine.
The integration model works as follows:
- Policy and transaction data is ingested from Vertafore AIM
- Insurance-specific premium accounting logic is applied in Premium Accounting
- Invoices, payments, allocations, and balances are tracked in a dedicated premium subledger
- Clean, structured results are synchronized to your accounting ledger
Vertafore AIM continues to manage underwriting and operations. Premium Accounting manages premium accounting. To understand why this approach works, see how organizations replace insurance accounting without changing their management system.
What Gets Tracked Outside of Vertafore AIM
Premium Accounting tracks the financial detail required by accounting teams that operational systems do not provide.
This includes:
- Invoice-level premium detail
- Payment application and allocation outcomes
- Receivables and payables by carrier and producer
- Installments, premium finance, and adjustments
- Netting and settlement activity
- Full transaction history with audit trail
This separation keeps AIM focused on operations while accounting data becomes accurate, auditable, and explainable.
Designed for MGA Accounting Teams Using AIM
Accounting teams using Vertafore AIM often struggle with:
- Spreadsheet-based reconciliation
- Manual month-end close
- Difficulty explaining balances to carriers and auditors
Premium Accounting addresses these challenges by:
- Replacing spreadsheet logic with rules-based allocation
- Providing transaction-level traceability
- Supporting close, audit, and carrier reporting
- Reducing operational risk
This gives MGA accounting teams confidence without disrupting AIM users.
Works With Your Existing Accounting Ledger
Premium Accounting integrates with the accounting ledger you already use.
Supported ledgers include:
- QuickBooks Online
- NetSuite
- Xero
- Workday
Premium Accounting synchronizes insurance-ready results to the ledger, allowing AIM users to maintain clean financial reporting without forcing AIM to behave like an accounting system. For a broader view, see how Premium Accounting integrates with insurance management systems and accounting ledgers.
Who This Integration Is For
The Vertafore AIM integration is ideal for organizations that:
- Use AIM as their primary MGA management system
- Manage complex MGA premium flows
- Rely on spreadsheets for reconciliation
- Want better accounting without replacing AIM
It is most commonly adopted by MGAs evaluating insurance premium accounting software to modernize finance operations.
To see all supported platforms and ledgers, review our Premium Accounting integrations.
FAQs
Modern Premium Accounting for P&C MGAs and Wholesalers
Accurate allocations, full traceability, and audit-ready reporting - without agency accounting workarounds.
How This Service Connects to the Core Platform
This service operates within the connected Selectsys insurance infrastructure. Operational execution is fully aligned with the technology backbone.
- RQB: Rating and bind infrastructure for commercial and specialty lines.
- Expert Insured: Policy lifecycle system managing issuance, endorsements, and renewals.
- Premium Accounting: Insurance native accounting for agency bill, direct bill, trust, and reconciliation.
- CoverPay : Premium collection by Card and ACH for MGAs, wholesalers and carriers, with payment tracking and reconciliation support.
- Insurance BPO: Embedded teams executing submissions, underwriting support, servicing, and compliance.
Operational services are most effective when integrated directly with the core platform capabilities.
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