Premium trust accounting, built for independent agencies.
Agency-bill premium creates more back-office work than it should. Advance helps independent agencies collect, reconcile, hold and remit premium through one insurance-specific platform, with eligible balances earning yield while they're held.
Trusted by industry leaders
the problem
Agency-bill premium shouldn't require a patchwork of systems
For many agencies, premium work is split across the AMS, accounting software, bank portal and spreadsheets.
Someone still has to:
Match customer payments to invoices
Reconcile bank activity
Track agency vs. carrier or MGA funds
Investigate discrepancies
Manage trust balances
Make carrier and MGA payments
The result
The process may work, but it often depends on manual effort and one person knowing how everything fits together.
Why advance
Handle premium with less manual work
Spend less time matching payments, chasing discrepancies and managing spreadsheets. Keep a clearer view of where premium stands.
Reconcile faster
Addie, Advance's AI technology, helps automate statement and transaction matching so your accounting team can focus on exceptions instead of checking every line by hand.
Put eligible balances to work
Premium may sit in trust between collection and remittance. Eligible balances can earn yield during that period rather than sitting idle.
See where the money stands
Get clearer visibility into premium coming in, balances being held, items that need attention and payments going out.
Support growth without adding back-office work
More agency-bill volume doesn't have to mean more spreadsheets, more reconciliation or another accounting hire.
How it works
One connected premium workflow
Premium lands in your premium trust account through Advance's bank-sponsored program, stays organized through the workflow and moves to carriers or MGAs through the Advance platform. Advance works alongside the systems your agency already uses. You don't need to replace your AMS to get started.
01
Collect
Bring premium into premium trust accounts provided by OMB Bank, with the details needed to track what came in and what it belongs to.
02
Segregate
Keep premium organized by carrier, program or entity, with clear visibility into where it sits and what's owed against it.
03
Reconcile
Automate routine matching between payments, policies, programs and commissions, so your team spends its time on the exceptions.
04
Remit
Pay carriers and MGAs from the same place you manage funds, without re-keying payments into a separate bank portal.
Who it's for
Built for agencies that handle meaningful agency-bill premium
Agency size alone isn't the best indicator.
Likely a strong fit if your agency:
✓ Handles meaningful agency-bill business
✓ Writes commercial P&C, E&S or specialty business
✓ Relies on spreadsheets or manual reconciliation
✓ Has a small accounting team or outsourced bookkeeper
✓ Holds premium before carrier or MGA remittance
✓ Is growing without wanting more admin work
The better question
How much premium does your agency handle, and how much work does that create today?
security & trust
Built around trust.
Advance provides the technology. Banking services are provided by OMB Bank, Member FDIC, through Advance's bank-sponsored program.
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.
