Expert Insured joins the Selectsys Family of Solutions for MGAs, MGUs, Wholesalers, and Carriers Read the Press Release

Overview

Carrier Bordereaux Generation in Expert Insured automates premium, risk, tax, fee, and claims bordereaux across programs, binders, and carriers. It replaces fragile spreadsheets with governed templates, accurate mapping, and scheduled deliveries tied directly to accounting and policy data. As a modern insurance management system, Expert Insured shortens reporting cycles and reduces compliance risk for delegated authority programs.

The capability runs on our unified financial core, so reports reconcile to sub-ledgers and carrier settlements. It is part of Integrated Accounting, ensuring bordereaux reflect the exact postings behind receivables, payables, and journal entries.

Why it Matters

  • Meets carrier and coverholder reporting mandates with standardized, template-driven outputs
  • Cuts cycle time from days to minutes through automated data extraction and validation
  • Improves cash accuracy with reconciliation to receivables, payables, and the general ledger
  • Reduces leakage and rejections by catching missing fields, rating mismatches, and date conflicts before delivery

Who it is For

How it Works

  • Configurable carrier templates with column-level mapping for premium, risk, tax, fee, and claims schedules, including period and frequency controls
  • Automated data pulls from bound policies, endorsements, cancellations, and renewals across the policy lifecycle with checks against Policy Management and the Policy Lifecycle overview
  • Direct reconciliation to sub-ledgers for billings and settlements using Policy and Producer Receivables and Payables
  • Chart of accounts alignment and dimension tagging through Insurance-Specific COA Setup and GAAP Accounting Integration
  • Pre-submission validations for completeness, rating congruence, effective dates, taxes and fees, and claim financials
  • Scheduled generation and secure distribution, with version history and full audit trail of changes and submissions
  • Automated postings for carrier payables, bordereaux settlements, and true-ups via Journal Entry Automation
  • Seamless support for submission to bind, endorsement, and renewal events initiated from New business and renewals and quote creation

Why Expert Insured is Best for Carrier Bordereaux Generation

Expert Insured unifies underwriting and accounting data, so bordereaux are produced from a single source of truth and reconcile to the books without rekeying. Templates are configurable by carrier, program, and line, with validations tuned to insurance data. Because the module is embedded in our agency management system, you get auditable reports, automated journal entries, and settlement-ready balances in one workflow, reducing handoffs and error rates.

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Frequently Asked Questions

You can produce premium, risk, claims, tax, and fee bordereaux, each with its own template, frequency, and validation rules. Outputs reconcile to the underlying postings and sub-ledgers for clean settlement.

Set up carrier-specific templates with field mappings, data transformations, and period definitions. The system validates data before output to reduce rejections and can version templates as carrier requirements change.

Yes. Bordereaux totals tie to receivables and payables and flow through to the GL using GAAP Accounting Integration and Policy and Producer Receivables and Payables.

Data is sourced from policy status changes and transactions in Policy Management, including endorsements, cancellations, and renewals, ensuring bordereaux reflect in-force terms and dates.

You can trigger settlement-ready postings for carrier payables and true-ups through Journal Entry Automation, aligned to your insurance-specific chart of accounts.

The system checks for missing mandatory fields, date and status conflicts, rating and premium congruence, tax and fee calculations, and claim financial consistency. Exceptions are flagged with clear resolution guidance.

Mappings leverage your Insurance-Specific COA Setup to tag line of business, program, carrier, producer, and other dimensions, so reports and postings stay consistent.

Yes. Set schedules by program and carrier, then deliver to defined recipients with audit-ready logs and version history. You can rerun a period while preserving prior submissions for comparison.