Insurance Broking Accounts | Pro-Global

Insurance Broker Accounting (IBA)

Focused Broker Account Management

Optimise your Insurance Broker Accounting

At Pro, we understand the critical role of managing and reconciling Insurance Broker Accounting (IBA). Our expert team specialises in efficient end-to-end IBA functions including bureau and non-bureau premium payments, swift claims payments, and compliant cash allocation.

From Insurer IBA to Client IBA, our services cover a spectrum of essential functions. We handle insurer IBA transactions, bureau payments, credit control, cash allocation, and comprehensive reporting, ensuring seamless operations and regulatory adherence.

Key Features of Our Insurance Broking Accounts

Our dedicated team ensures seamless management of bureau and non-bureau premium and claim payments, adhering rigorously to credit control standards. With our specialised expertise in cash allocation, we efficiently reconcile and allocate all incoming and outgoing cash, resolving unallocated funds with precision and minimise broker funding.
Trust us for Client IBA Oversight, where our focus on credit control, statement rendering, and debt monitoring guarantees compliance and financial integrity. Rely on our Comprehensive Reporting services for invaluable insights into aged debt, top debtors, and unallocated cash, empowering informed decision-making.

IBA Management

We handle insurer IBA transactions with precision.

Credit Control

Accelarating premium and claim payments.

Cash Allocation Expertise

Allocating all cash transactions, minimising unallocated cash efficiently.

Client IBA Oversight

We ensure compliance and financial integrity.

Benefits of Insurance Broking Account Management

At Pro, we’re committed to unlocking efficiencies and ensuring compliance in insurance broking account management. Other benefits include:

Improved Cash Management

Maintain financial integrity

Saving time and resources

Optimise capital utilisation

"Unlock efficiencies and compliance in insurance broking account management with Pro – your trusted partner for seamless operations and regulatory adherence"

The Broker Services Team

Case Study

Reconciling Open Balances for Brokers

Pro Global addresses open balances for a leading broker, rectifying debts exceeding 365 days and restoring financial stability. Through meticulous analysis and reconciliation efforts, involving 7,992 transactions across 101 insurance and/or reinsurance companies, the project enhances transparency and trust with insurers. By successfully reconciling accounts and collecting brokerage fees, it establishes a precedent for robust financial management practices.

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