Premium and claim payments flow between brokers, MGAs, and carriers, but the transaction layer connecting them was never built. BBNET is the coordination infrastructure that makes every payment, settlement, and report a reliable, auditable event.
Built for the intermediated market. Ready for the agentic era.
Book a callSound familiar?
Your ops team spends weeks every month manually matching broker payments to policies. Remittance PDFs arrive in different formats from every broker. Half the time, the amounts do not match. This is not an ops problem. It is what happens when payments and policies live in separate systems with no shared record between them.
Carriers need bordereaux in their format, on their schedule. You are pulling data from three systems, reformatting in Excel, and hoping nothing got missed before the deadline hits. When the ledger is not shared, reporting has to be assembled manually every time. There is no other way.
Brokers, carriers, and your own team are all working from different spreadsheets. When something does not reconcile, nobody knows whose number is right. Disputes persist because each party holds a different version of the same transaction. A shared ledger makes this structurally impossible.
How It Works
When a premium event is confirmed on BBNET, the downstream work (matching, reporting, settlement) happens automatically. Not because we have automated your process, but because we have moved the work to the transaction layer where it belongs.
Bank feeds, remittance PDFs, emails, and CSV imports are ingested automatically from every broker.
Each payment is matched to outstanding policies with AI confidence scoring. Discrepancies are flagged for review. The shared ledger records every match.
Bordereaux, slips, and statements are all derived from the confirmed transaction. Generated in your carrier's required format. No manual assembly.
Net premium, commissions, and carrier remittance are computed in real time from the shared ledger. Outstanding balances tracked continuously.
Platform capabilities
BBNET does not automate your existing process. It moves the work to the transaction layer, so reconciliation, reporting, and settlement happen as byproducts of the transaction itself, not as downstream manual effort.
Automated premium collection and MGA premium tracking across the policy lifecycle. Multi-channel payment ingestion from bank feeds, email, PDF, and manual entry. AI-powered payment-to-policy matching with confidence scoring.
Upload broker remittance PDFs and emails. AI extracts line items automatically. Upload insurance slips for policy detail extraction. The system learns from corrections and improves accuracy per broker over time.
BDX generated automatically on premium receipt in your carrier's required format. Configurable export profiles and field mappings. No more manual quarterly reporting or template headaches.
Payments from multiple sources are automatically matched to policies using AI with confidence scoring. Discrepancies flagged for human review. Remittance advice software that turns days of work into seconds.
Full claims lifecycle from first notification through reserve management, approval workflows, authority controls, and multi-party settlement. Purpose-built for delegated authority structures.
Insurance accounting software with a double-entry general ledger. Carrier premium settlement, broker commission management, and net premium calculation built in. Outstanding balances and insurance accounts receivable computed in real-time.
Forward-looking
AI agents are beginning to execute underwriting, payment, and claims workflows in insurance autonomously. They need a transaction layer they can rely on: one with structured APIs, deterministic settlement logic, and an auditable shared ledger. BBNET is that layer. Every workflow we support today (premium ingestion, matching, bordereaux generation, settlement) is accessible programmatically through our API. Built for human operators now. Ready for agentic deployment when your carriers and MGAs are.
Every transaction exposed as a callable event. Integrate BBNET into your existing systems or build new workflows on top.
Rules-based logic, auditable at every step. No black boxes. Every calculation traceable from premium to settlement.
A single source of truth every agent and operator can read from. One record, every party, no reconciliation gaps.
The shift
Who It's For
Your ops team shouldn't spend half the month matching payments to policies. BBNET handles insurance payment reconciliation, bordereaux automation, credit control, and carrier settlement from one dashboard. The MGA back-office platform built for how you actually work. And when your carriers want programmatic access to your premium data, BBNET is already the API layer.
Learn moreClear remittance requests with exact policy breakdowns. When you pay, it is matched automatically. No change to your process, just fewer issues. Free to use. When you pay on BBNET, every downstream party sees it instantly. No remittance chasing, no format problems.
Learn moreSee premium flow as it happens. Bordereaux generated automatically in your format. Better oversight of your delegated authority book, exposure, and claims without waiting for quarterly reports. As AI systems take on more underwriting and claims workflow, BBNET gives them a structured, reliable layer to transact against, with full auditability under CPS 230/234.
Learn moreThe Network
When your brokers and carriers transact on BBNET, reconciliation becomes automatic. Not because of clever matching, but because every party is working from the same record. Each new participant removes a reconciliation failure point. That is the compounding value of shared infrastructure.
Brokers join free. Carriers gain visibility. MGAs gain settlement certainty. The network grows.
About
BBNET was founded by a team with deep experience across insurance, reinsurance, and payments infrastructure. We have spent years inside the problem: building for reinsurers and carriers across APAC and Europe, scaling payment rails, and deploying machine learning in production. We are not building another MGA back-office tool. We are building the coordination infrastructure the intermediated market has always needed, and the transaction layer it will need as agentic systems take on more of the work.
Security & Compliance
Controls mapped and certification underway via Vanta continuous monitoring.
Information security management system on the compliance roadmap.
Architecture designed to support carrier obligations under APRA prudential standards.
We are building the network now. A small number of design partners in Australia are shaping what this becomes. If you are an MGA, broker, or carrier ready to move beyond spreadsheets and interested in what infrastructure-grade coordination looks like in practice, we want to talk.
No spam. We'll reach out personally.
Frequently Asked Questions
BBNET is financial infrastructure for the intermediated insurance market: a coordination layer built for MGAs, brokers, and carriers that moves reconciliation, reporting, and settlement to the transaction layer, where they are byproducts of the ledger rather than manual downstream work. BBNET replaces spreadsheets with integrated workflows for premium collection, reconciliation, bordereaux reporting, and claims.
Bordereaux automation means automatically generating carrier reports (bordereaux) when premiums are received, eliminating manual data compilation and formatting. BBNET generates BDX in your carrier's required format as a byproduct of the shared ledger.
Payments from multiple sources (bank feeds, email, PDF, and manual entry) are automatically matched to policies using AI with confidence scoring. Discrepancies are flagged for human review before confirmation, turning days of work into seconds.
BBNET processes broker remittance PDFs, emails, insurance slips, and CSV imports using AI-powered document extraction. The system learns from corrections and improves accuracy for each broker over time.
BBNET is built for MGAs, insurance brokers, and capacity providers (carriers) who want to automate premium collection, payment reconciliation, bordereaux reporting, claims management, and settlement.
BBNET supports all major delegated authority structures including binding authorities, lineslips, open covers, facilities, consortiums, and reinsurance arrangements, with multi-party participant tracking and line percentages.
Yes. BBNET provides full claims lifecycle management from first notification through reserve management, approval workflows, authority controls, and multi-party settlement.
BBNET is risk type agnostic. Property, liability, marine, aviation, cyber, or any other class of business. Stamp duty and tax calculation is jurisdiction aware and applied automatically.
A bordereaux (plural: bordereaux) is a detailed report sent from an MGA or coverholder to a carrier, listing all policies bound, premiums collected, or claims incurred under a delegated authority. Bordereaux are typically produced monthly or quarterly and are essential for carriers to monitor their exposure and track premium flow.
Delegated authority is an arrangement where a carrier grants an MGA, coverholder, or broker the authority to underwrite policies, bind coverage, and sometimes handle claims on the carrier's behalf. Common structures include binding authorities, lineslips, and open covers. The party with delegated authority must report back to the carrier via bordereaux.
An MGA (Managing General Agent) is a specialised intermediary that acts on behalf of insurers to underwrite and manage insurance programmes. MGAs typically have delegated authority from carriers to bind policies, collect premiums, and sometimes handle claims. They operate between brokers and carriers, providing underwriting expertise in niche or specialty lines.
MGAs collect premium through brokers who remit payments on behalf of policyholders. The process typically involves the broker sending a remittance advice listing which policies the payment covers, the MGA matching the payment to outstanding policies, splitting commissions, and then settling the net premium with the carrier. This process is traditionally manual and spreadsheet-based, which BBNET automates.
Bordereaux automation requires a shared record of policies and premiums that all parties can reference. When premium is received and matched to a policy, the bordereaux entry is generated automatically in the carrier's required format. BBNET achieves this by treating BDX as a byproduct of the shared ledger. When a transaction is confirmed, the report writes itself.
Insurance payment reconciliation involves matching incoming payments from brokers to outstanding policies, verifying amounts against expected premiums, splitting commissions, and flagging discrepancies. Traditionally done manually with spreadsheets, AI-powered reconciliation software like BBNET automates this by ingesting payments from multiple sources and matching them with confidence scoring.
Insurance payments, reconciliation, and reporting have traditionally been handled as separate manual processes after the transaction. Coordination infrastructure means the transaction itself triggers all of those downstream events automatically, so reconciliation and reporting are byproducts of the ledger, not separate work. BBNET is built on this principle.
Yes. All workflows on BBNET are accessible via structured API: payment ingestion, ledger queries, reconciliation status, bordereaux generation, and settlement. This means BBNET can be integrated into your existing systems, and is designed to support programmatic and agentic execution as those workflows mature in your organisation.
A shared ledger in insurance is a single authoritative record of transactions accessible to all parties in a distribution chain: the MGA, the brokers remitting premium, and the carrier receiving settlement. When all parties work from the same ledger, reconciliation becomes automatic because there is no discrepancy between records to resolve. BBNET operates as a shared ledger for the intermediated insurance market.
MGA payment infrastructure refers to the systems and coordination layer that handles premium collection, payment matching, commission calculation, and carrier settlement on behalf of a managing general agent. Most MGAs currently manage these functions manually or across disconnected systems. Purpose-built MGA payment infrastructure automates the full payment lifecycle as a byproduct of the shared transaction record, eliminating reconciliation failures before they occur.
Delegated authority settlement is the process by which an MGA or coverholder calculates and remits net premium to a carrier after deducting commissions, fees, and claims payments. Under a binding authority or lineslip, the MGA collects premium from brokers, holds it in trust, and periodically settles with the carrier. This process is traditionally manual and error-prone. On BBNET, settlement is computed in real time from the shared ledger as premium is confirmed, so carriers see accurate exposure data immediately rather than waiting for quarterly bordereaux.
AI agents in insurance payments are autonomous systems that execute payment workflows, reconciliation decisions, and settlement instructions without manual intervention. For agents to operate reliably in this context, they need a transaction layer with structured APIs, deterministic settlement logic, and an auditable shared ledger they can query and write to. BBNET is designed to serve as this infrastructure layer: every workflow (premium ingestion, payment matching, bordereaux generation, settlement) is API-accessible and built for programmatic execution.