Accounting & Reporting
Smart calculations that really add up
When you’re tied up with insurance accounting administration, you have less time to focus on what matters to your business: managing assets, selling insurance and expanding your company’s market share. IAS provides comprehensive accounting and reporting services covering the full spectrum of insurance products and reinsurance treaties, so you can devote internal resources to executing business strategy, not entering credits and debits. Our business accounting services include:
General Ledger Accounting – Our highly trained staff can administer every aspect of the product for you, from premium collection to insurance claim and commission payments.
Premium Billing – We offer all types of premium billing, including electronic funds transfer, direct billing, group list bills, and government allotments.
Premium Collection – Our premiums are collected through bank lock boxes and remote deposit capture, ensuring you receive same-day credit for all premium deposits.
Treasury Administration – We complete monthly bank reconciliations and perform daily positive pay on all accounts to guard against fraudulent checks.
Data Feeds – Receive data in our preset format, or let us create a specialized format that lets you import data right into your system daily, weekly or monthly, depending on your needs.
Full-Service Reinsurance Accounting – From quota share treaties to individual sessions, single and multiple reinsurers, and specialized reinsurance on both life and health insurance products, we can handle it all.
Reinsurance Data Extracts – We produce specialized data extracts for reinsurance carriers upon request and can customize our reporting to meet your specific needs.
IAS works with all major banks, and we never co-mingle funds with other accounts, so your deposits are secure. To learn more about our comprehensive insurance and reinsurance accounting services, call us today at (727) 584-0007 or contact us online.