The operating system for intermediated insurance. Purpose built for MGAs who are tired of spreadsheets, manual reconciliation, and chasing brokers for premium.
Book a DemoThe Problem
You pull data from three systems, paste it into a template, reformat columns for each carrier, and hope nothing is missing. Two days of work that produces a report that is already stale by the time it is sent.
47 transactions on the bank feed. Some match a single policy. Some cover ten. Some have cryptic references. Your finance team cross references against the policy register one row at a time.
Your ops team spends hours every week emailing brokers about overdue premium. Remittance advice goes unanswered. Payments arrive with no reference. You have no idea what has been paid until someone checks the bank statement.
Premium outstanding is spread across spreadsheets, emails, and someone's memory. You cannot answer "what is 60 days overdue?" without building a report from scratch. Insurance accounts receivable should not be this hard.
First notification comes in by email. Reserves are tracked in a spreadsheet. Authority limits are checked by asking a colleague. Settlement amounts are calculated manually. Nothing connects to the policy record.
Broker commission, sub-brokerage splits, MGA fees, stamp duty. Every policy has a different structure and every carrier expects a different breakdown. One mistake flows through to your bordereaux and carrier settlement.
What BBNET Does
Bordereaux generated automatically when premium is received and reconciled, in your carrier's required format. Premium bordereaux and claims bordereaux produced as a byproduct, not a project. Stamp duty calculated per jurisdiction.
AI powered payment matching across bank feeds, emails, and PDF uploads. Confidence scoring on every match. Discrepancies flagged for review. Insurance payment reconciliation in seconds, not days.
Automated remittance advice generation with tracking and ageing alerts. Know which brokers have been sent remittances, which have responded, and which are overdue. One less thing to chase manually.
Claims lifecycle from first notification through reserve management to settlement. Authority controls and multi-party settlement across lead and follow markets. Claims tracking connected to the policy and premium record.
Risk type agnostic. Property, liability, marine, cyber, or anything else. Jurisdiction aware stamp duty and tax calculation built in. Multi-risk policies handled natively, not as workarounds.
Premium status, reconciliation rate, and outstanding across your entire book. What is paid, what is ageing, what needs attention. Double entry financial ledger so every dollar is accounted for.
Not retrofitted from broker or carrier software. BBNET is the MGA back-office platform designed around how MGAs actually operate: delegated authority, multi-party settlement, and premium collection at the centre.
Book a Demo