Does Premium Accounting replace Vertafore AIM?

No. Premium Accounting integrates with Vertafore AIM and does not replace it.

Will Vertafore AIM users need to change their workflows?

No. Vertafore AIM continues to manage operations while Premium Accounting supports accounting teams.

Can Premium Accounting handle MGA-specific premium complexity for AIM users?

Yes. Premium Accounting supports MGA premium workflows including commissions, installments, and carrier settlement.

Does Premium Accounting reduce spreadsheet usage for AIM accounting teams?

Yes. Premium Accounting replaces spreadsheet-based reconciliation with rules-based, audit-ready accounting.

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.