See how premium moves through your delegated programs.
When program partners use Advance to organize premium accounts, reconcile records and manage remittance, carriers get a more consistent financial record to review, based on the data partners agree to share.
Trusted by industry leaders
the problem
Periodic reporting can leave gaps in premium visibility
Bordereaux, statements and partner reports give carriers information about delegated programs. But premium moves throughout the month, and reports assembled later may leave questions about what happened between collection and remittance.
Different partners can use different:
Accounts
Reconciliation processes
Payment workflows
The result
Carrier finance and program teams have to account for those differences when reviewing balances or investigating discrepancies. Each additional relationship brings another set of records and processes to understand.
Why advance
Get a clearer view of your program data
Consistent account structures and reconciliation records give carrier teams a clearer basis for reviewing how premium is collected, held and remitted.
Surface discrepancies in the records
Addie, Advance's AI technology, supports matching across bordereaux, premium, commission and carrier statements. Discrepancies are surfaced for review.
More focused discussions
When a discrepancy arises, records can support a more focused discussion about the collection, reconciliation or payment involved.
A common basis for review
Agreed documentation gives carriers and program partners a common basis for reviewing outstanding questions.
Access you agree on
The data you can see depends on which programs participate and what information is shared.
How it works
Connect the records behind collection and remittance
01
Organize premium accounts
Participating partners can use premium trust accounts through Advance's bank-sponsored program, with funds organized by program or carrier relationship.
02
Reconcile program records
Match bordereaux, premium, commission and carrier statement information, with discrepancies surfaced for review.
03
Manage carrier remittance
Participating partners can manage carrier payments through Advance, keeping payment and reconciliation records within the same platform.
04
See the records behind reporting
These records can support carrier oversight where the relevant information is made available through the agreed reporting and access arrangements.
customer stories
How program partners organize premium accounts and payments
Assureful and Pathpoint
Assureful used Advance to establish fiduciary trust accounts that met program requirements, including account naming, statements and documentation, while retaining its existing operating systems.
Pathpoint established separate carrier accounts and managed carrier payables through Advance. It began with funds from a single carrier before expanding its use of the platform.
These examples show how participating partners have structured accounts and payments that sit behind carrier reporting.
Define participation, reporting and access
Start with the delegated programs you want to evaluate and the partners handling their premium. Establish what information will be shared, how often it will be available and who can access it.
security & trust
Review the banking structure and security controls.
Advance is SOC 2 Type II audited. Deposit accounts are provided through OMB Bank, Member FDIC. Review the sponsor-bank structure, account setup, security controls and information-sharing requirements against your internal standards.
Bank-sponsored program
Banking services are provided by OMB Bank, Member FDIC. Advance is a financial technology company, not a bank.
SOC 2 Type II audited
Advance is SOC 2 Type II audited, with security controls reviewed as part of that process.
Works alongside your systems
Advance works alongside your existing systems rather than requiring a full technology replacement.
