Premium trust and commission reconciliations, kept in step
We reconcile fiduciary premium trust accounts to bank records, match broker statements to expected earnings, and identify open differences down to the penny.
How it works
- 01
Ingest
Bank statements, carrier accounts and broker settlement records are gathered on a regular schedule.
- 02
Match
Receipts and disbursements are matched to policy records and fiduciary accounts.
- 03
Investigate
Open differences, unallocated premiums and commission variances are researched and resolved.
- 04
Report
Monthly fiduciary workpapers and audit-ready reconciliations are signed off by a second reviewer.
- Premium trust bank account reconciliations
- Broker commission statement matching
- Carrier payable settlement reconciliations
- Open difference and aged balance schedules
- Workpapers ready for auditor and regulator review
Part of our Insurance Finance and MGA Back Office packages. If reconciliations have accumulated open items, start with Reconciliations brought current.
See insurance operations packagesSee it on your own work
Start with a fixed-price project or a paid pilot on your own data. You judge the work before you commit to a monthly package.
