Insurance Premium Billing Software
Automate premium billing across new business, renewals, endorsements, audits, cancellations, installments, additional premium, and return premium while keeping receivables, reconciliation, commissions, company payables, accounting, and financial reporting connected.
Insurance Premium Billing Built for Insurance Organizations
Insurance premium billing is more than generating invoices. Every policy transaction can create a billing, receivable, payable, commission, reconciliation, and accounting event. Premium Accounting helps agencies, MGAs, wholesale insurance brokers, program administrators, and carriers automate premium invoicing, installment billing, receivables, payment tracking, commissions, company payables, reconciliation, accounting, and financial reporting through one connected insurance-native platform.
Insurance Premium Billing Is Different
Unlike traditional invoicing, insurance premium billing must support policy activity throughout the customer lifecycle.
Organizations regularly manage:
- New Business Premium
- Renewal Premium
- Endorsement Premium
- Audit Premium
- Installment Premium
- Additional Premium
- Return Premium
- Cancellation Adjustments
- Reinstatements
- Agency Fees
- Broker Fees
- Policy Fees
- Taxes and Assessments
- Premium Finance Transactions
- Minimum Earned Premium
- Short Rate Adjustments
Every premium billing event affects receivables, payments, commissions, company payables, carrier settlements, reconciliation, accounting, and financial reporting. Premium Accounting keeps these policy-level financial workflows connected automatically throughout the policy lifecycle.
Automate Premium Billing
Premium Accounting automates premium billing from the original policy transaction through receivables, payment application, company payables, carrier settlement, reconciliation, and general ledger synchronization.
Policy Transaction Created
Premium Calculated
Premium Invoice Generated
Installment Schedule Created
Customer or Retail Agent Receivable Updated
Payment Received
Cash Applied to Invoice
Commission Calculated
Company Payable Created
Carrier Settlement Recorded
Premium Reconciled
Accounting Updated
General Ledger Synchronized
One connected workflow from policy transaction through premium billing, receivables, commissions, carrier settlement, reconciliation, and accounting.
Flexible Premium Billing
Support multiple billing models including:
- Agency Bill
- Direct Bill Accounting
- One-Time Premium
- Monthly Installments
- Quarterly Installments
- Annual Premium
- Renewal Billing
- Endorsement Billing
- Audit Premium Billing
- Cancellation Adjustments
- Return Premium
- Additional Premium
- Reinstatements
- Agency Fees
- Broker Fees
- Taxes and Assessments
- Premium Finance Transactions
Premium Accounting supports agency bill premium billing and accounting workflows. Direct bill activity can be recorded, tracked, reconciled, and reported through commission accounting, carrier statement reconciliation, and financial reporting workflows.
Connected Financial Operations
Every premium billing event automatically updates:
- Customer and Retail Agent Receivables
- Accounts Receivable
- Installment Schedules
- Payment Tracking
- Cash Application
- Unapplied Cash
- Commission Accounting
- Company Payables
- Carrier Settlements
- Premium Reconciliation
- Journal Entries
- Financial Reporting
- General Ledger Synchronization
Connected financial operations reduce duplicate data entry, improve transaction accuracy, strengthen audit trails, and provide accounting teams with complete visibility into premium receivables, commissions, company payables, settlements, and reconciliation.
Manage Commissions, Company Payables & Carrier Settlements
Premium billing does not end when payment is collected. Agencies, MGAs, wholesalers, and program administrators must calculate commissions, separate fees and taxes, determine net premium, create company payable obligations, and settle funds with carriers. Premium Accounting connects gross premium, net premium, agency commissions, producer commissions, MGA commissions, fees, taxes, return premium, company payables, and carrier settlements within the same policy-level accounting workflow.
Learn more about Commission Accounting Software, Insurance Accounts Payable Software, Carrier Settlement Checklist.
Automate Premium Reconciliation
Premium Accounting reconciles policy transactions, premium invoices, payments, receivables, commissions, company payables, carrier statements, trust balances, bank activity, and general ledger records. Accounting teams can identify exceptions faster while reducing manual premium reconciliation and month-end close effort.
- Premium Reconciliation
- Agency Bill Reconciliation
- Direct Bill Reconciliation
- Payment Reconciliation
- Carrier Statement Reconciliation
- Company Payable Reconciliation
- Commission Reconciliation
- Trust Reconciliation
- Bank Reconciliation
- Month-End Reconciliation
Insurance billing remains inside Premium Accounting while summarized accounting activity synchronizes with your General Ledger. Learn more about Insurance Reconciliation Software, Premium Reconciliation Checklist, Trust Reconciliation Checklist, Commission Reconciliation Checklist.
Continue Using Your Existing Accounting System
Premium Accounting synchronizes billing activity with:
Premium Accounting serves as the insurance premium billing and accounting subledger while QuickBooks Online, Xero, Sage, or Workday remains the general ledger. Policy-level billing, receivables, payments, commissions, company payables, reconciliation results, and journal entries can synchronize with the connected accounting system.
Built for Insurance Organizations
Insurance Agencies
Automate agency bill premium billing, installments, receivables, payments, accounting, and reconciliation while maintaining complete customer account visibility.
Managing General Agencies
Manage premium billing, commissions, company payables, carrier settlements, trust accounting, and reconciliation across multiple programs and carriers.
Wholesale Insurance Brokers
Centralize retail agent billing, premium receivables, commissions, company payables, settlements, and accounting operations.
Program Administrators
Manage program-level premium billing, installments, receivables, commissions, carrier obligations, reconciliation, and financial reporting.
Insurance Carriers
Improve delegated authority premium reporting, bordereaux-related financial visibility, carrier statement reconciliation, and program-level accounting controls.
Why Insurance Organizations Choose Premium Accounting
- Insurance-Specific Premium Billing
- Agency Bill Automation
- Direct Bill Accounting
- Installment Billing Automation
- Premium Receivable Management
- Commission Accounting
- Company Payable Management
- Carrier Settlement Tracking
- Premium Reconciliation
- General Ledger Integration
- Financial Reporting
- Policy-Level Audit Trails
Modernize Insurance Accounting Operations
Replace disconnected spreadsheets, manual reconciliations, and generic accounting workflows with insurance-native accounting infrastructure built for MGAs, wholesalers, program administrators, agencies, brokers, and carriers.