Premium Accounting Management
Premium billing, cash collection, broker and commission account settlement, premium reserve and earnings mechanics, dunning, and insurance premium tax accounting.
Premium Accounting Management (BC-2150) is a level-1 business capability in the Insurance model. The catalog holds 12 API surface(s) from 5 provider(s) that can perform some part of it, 1 of them rated strong or better. Reach is the vendor surface that lands on this capability — it is not a claim about what any particular organisation has deployed.
Authorities this capability cites
Cited by the capability model itself. These frameworks are referenced, never redistributed, and citing one does not imply its owner endorses this listing.
- https://www.acord.org/standards/reference-architecture
- https://www.ifrs.org/issued-standards/list-of-standards/ifrs-17-insurance-contracts/
Sub-capabilities
Premium Billing Management BC-2150.10
Invoice generation, instalment scheduling, billing routing, and adjustments.
Premium Collection Management BC-2150.20
Receipt and application of payments, recurring payment operations, refunds, and lockbox.
Broker & Producer Account Settlement BC-2150.30
Producer statements, premium-less-commission settlement, and trust-account reconciliation.
Premium Reserve & Earnings Management BC-2150.40
Unearned premium calculation, earned premium recognition, and deferred acquisition cost tracking.
Collections & Dunning Management BC-2150.50
Aged-receivable monitoring, dunning operations, cancellation for non-payment, and bad-debt write-off.
Tax & Levy Accounting BC-2150.60
Insurance premium tax calculation, stamp duty and levy collection, and premium tax filing support.
Providers that reach this capability
Ordered by rating band. Reach means a provider publishes an API surface that can perform some part of this capability — it is not a claim that any particular organisation has deployed it.