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Now live: Premium Accounting and CoverPay. Insurance native accounting, installment billing, and payment collection infrastructure with full control of your payment gateway.
Premium is not revenue until it is collected. Insurance payment infrastructure governs how premium moves from billed receivable to collected cash while remaining synchronized with rating, policy lifecycle management, commission allocation, trust accounting, and carrier reporting. For MGAs, wholesalers, and carriers, structured payment systems eliminate billing drift, failed collection confusion, reconciliation delays, and compliance exposure. When integrated with the RQB rating platform, Expert Insured AMS lifecycle workflows, Insurance BPO execution pods, and Premium Accounting infrastructure, CoverPay transforms installment billing and payment automation into revenue-control infrastructure.
This hub connects installment billing, retry automation, endorsement billing recalculation, and API-driven payment infrastructure across the full insurance lifecycle.
Explains installment schedules, receivable tracking, trust alignment, and integration with policy lifecycle management.
Details retry logic, delinquency workflows, notice of cancellation triggers, and revenue protection.
Explains mid-term premium adjustments, installment recalculation, return premium handling, and accounting synchronization.
Covers trust alignment, agency bill integration, commission retention synchronization, and reconciliation discipline.
Explains direct bill alignment, commission payout synchronization, receivable visibility, and reporting integration.
Compares legacy billing workflows with API-driven integrated infrastructure.
Disconnected billing creates:
Integrated billing creates revenue visibility and control.
CoverPay supports agency bill trust compliance, installment billing management, commission retention synchronization, and reconciliation discipline.
CoverPay supports structured receivable visibility, broker communication clarity, and alignment with multi-carrier servicing workflows.
CoverPay supports direct bill receivable tracking, commission payout alignment, reporting synchronization, and delinquency management automation.
Selectsys operates as a unified five module insurance infrastructure. Each component supports a different part of the policy lifecycle while remaining fully connected inside one operating system.
Each module can operate independently, but maximum efficiency is achieved when deployed together as a single lifecycle system.