Insurance broking accounts (IBA) - 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.

Download case study

Contact our Broker team:

+44 (0)207 068 8000
getintouch@pro-global.com

Meet the team

Dani Rosser

Head of Broker Services

UK

Profile

David Payne

Client Manager

UK

Profile

Richard Emmett

Head of Insurance Services

UK

Profile

Title

List Content

UK

Latest Insights

Apr 30, 2024
Key takeaways from IRES Foundation 2024 National School on Market Regulation

U.S. Head of Audit & Advisory, Robert Sherman, shares his three key takeaways from the event which took place in April in San Diego, USA. […]

Read More
Apr 24, 2024
Why the future is bright for the MGA market in Europe

This article was published in Insurance Business Magazine and is being republished to Pro Global website with thanks. Europe is fast establishing itself as a […]

Read More
Apr 24, 2024
The Strategic Imperative of Internal Audit Services

In 2024, the North American insurance sector is facing fresh regulatory challenges. It will be crucial for insurers to collaborate closely with regulators to pave […]

Read More
JOIN OUR TEAM
MEET OUR TEAM
PRO MGA SOLUTIONS
© Copyright 2024 Pro Insurance Solutions Limited. All rights reserved.
The Pro Group includes companies authorised and regulated in a number of jurisdictions including the UK that operate under the Pro Global Brand (with the exception of Pro MGA Global Solutions Ltd and its associated companies). Pro Global Holdings Limited is a holding company, registered in England and Wales, whose registered office is One America Square, 17 Crosswall, London EC3N 2LB (Reg No. 10532385).
Pro MGA Global Solutions is a trading brand of Pro MGA Solutions Limited which is a company incorporated and registered in England and Wales, whose registered office is One America Square, 17 Crosswall, London EC3N 2LB (Reg No. 10575665). Pro MGA Solutions Limited is authorised and regulated in the UK by the Financial Conduct Authority (FRN: 770419).