Premium Trust Accounts
Advance gives insurance organizations control, visibility, and yield on premium balances. Launch within days without disrupting operations.
Trusted by industry leaders
Features
Turn premium money from a passive liability into an asset.
Earn on every premium dollar
Up to 3% APY with no minimums and ensure carrier-funds segregation compliance. Unlimited accounts at no cost.
Reduce manual reconciliation
Spend less time chasing payments, send fewer emails, and get clearer visibility into what needs attention.
Processing that pays for itself
Earn on incoming balances while reducing the cost of accepting payments.
Know your cash position instantly
Real-time visibility into insurance premium balances, carrier obligations, and cash flow. Get compliance-ready reporting while reducing manual work.
Everything you need in one place
Bill pay, wire transfers, ACH, and check capabilities. Manage fewer banking relationships while maintaining full operational control.
“Advance gave us yield on premium funds we hold in trust that previously generated no return. The platform makes managing our premium trust accounts straightforward while replacing manual work with a structured process and increasing visibility into our funds flow.”
Alex Bargmann
CEO, Pathpoint Insurance
Frequently Asked Questions
Is Advance a bank?
No. Advance is a financial technology company that provides a financial platform built for insurance. We work with banking partners to provide insurance-native infrastructure designed specifically to manage premium money flows.
How long does it take to go live?
Most organizations are live within a week. There is no multi-month implementation, no AMS replacement, and no disruption to your current operations.
Does Advance replace our existing systems?
No. Advance works alongside your current tools. We are not an AMS or a rip-and-replace solution. Your team keeps its existing workflows while gaining a dedicated platform for premium money.
Who is Advance built for?
Advance serves MGAs, retail agencies, and wholesale brokers. If your organization handles premium money and wants more control, visibility, and yield on those balances, Advance was designed for you.
Are there minimum balance requirements?
No minimums. You earn yield on your premium balances from day one, regardless of account size.
Do you offer back-office or bookkeeping services?
Yes. Advance partners with insurance-native bookkeeping professionals to offer white-labeled back-office operations as a service. One relationship, less complexity for your team.
