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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 Accounting is revenue control infrastructure. For MGAs, wholesalers, and carriers, premium accounting governs how quoted premium becomes booked revenue, how commissions are distributed, how trust balances reconcile, and how financial reporting aligns with policy transactions. When integrated with the RQB rating platform, Expert Insured AMS policy lifecycle management, Insurance BPO execution pods, and CoverPay installment billing infrastructure, premium accounting ensures that every issued, endorsed, canceled, and renewed policy is financially synchronized. This hub connects accounting discipline to operational execution across rating, lifecycle governance, reporting, and revenue control.
Explains how rating outputs convert into booked premium, commission entries, trust balances, and financial reporting.
Details fiduciary handling of premium, segregation of funds, and reconciliation obligations.
Explains structured commission calculation, broker splits, overrides, and accounting synchronization.
Defines billing structures and how accounting systems handle each model.
Explains how premium discrepancies are prevented through structured system integration.
Covers intercompany allocation, program segmentation, and consolidated reporting.
Explains structured premium, commission, and exposure reporting alignment with carrier requirements.
RQB generates structured premium outputs.
When integrated, revenue visibility becomes real time and defensible.
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.