Finance, compliance, and HR for carriers, agencies, and MGAs
Premium accounting and producer commissions that post to one ledger, claims payouts with screening on every payee, real GRC for NYDFS 500, GLBA, and SOC 2 plus the cyber, EPLI, and malpractice readiness frameworks, and HR built around producer licensing and appointments.
Illustrative product view
Finance: premium accounting, commissions, and claims payouts
Insurance money moves in a specific shape: premium in, commission out, claims paid, and trust separated from operating cash. Fintra keeps premium and commission on one dimensional ledger, reconciles trust and operating accounts, and screens every claim and commission payee, so the book of business and the books of account are the same source of truth.
- Premium accounting with trust-versus-operating separation and daily reconciliation
- Producer commissions run from real commission plans and posted to the GL, not a side spreadsheet
- Claims payouts with OFAC screening on every payee, fail-closed
- Multi-currency and multi-entity for agency groups and MGAs, with real currency translation
- Management reporting on written and earned premium derived from the ledger
Security & compliance: NYDFS, GLBA, and insurance readiness
Carriers, agencies, and MGAs answer to state regulators and to their own carriers, and Fintra carries that stack as real GRC. SOC 2 is a seeded control library. NYDFS 23 NYCRR 500 and GLBA are mapped so you can prepare and evidence. And the insurance-specific readiness frameworks in our catalog, Cyber Insurance Readiness, EPLI Underwriting Readiness, and Medical Malpractice Readiness, help you get in front of the underwriting and coverage reviews that increasingly gate your own policies.
| Framework | In catalog | How Fintra takes it |
|---|---|---|
| SOC 2 | Seeded | Mapped control library, evidence requirements, audit-ready baseline |
| NYDFS 23 NYCRR 500 | Mapped | Prepare-for: cybersecurity controls and annual certification trail |
| GLBA | Mapped | Prepare-for: safeguards-rule controls and evidence |
| Cyber Insurance Readiness | Mapped | Prepare-for: controls that underwriters ask about |
| EPLI Underwriting Readiness | Mapped | Prepare-for: employment-practices exposure controls |
| Medical Malpractice Readiness | Mapped | Prepare-for: clinical-exposure controls where applicable |
Governing agents that touch policyholder data
Underwriting bots, claims-triage assistants, and servicing automations now read policyholder and claims data. That is exactly the layer a config scanner misses and a cyber underwriter asks about. Fintra records a policy verdict and an Action Trust Score for every such action to a hash-chained ledger, so you can show a carrier or regulator how your automation is governed, not just that it exists.
- Every agent access to policyholder or claims data produces a recorded verdict, not just a log
- An Action Trust Score per agent, feeding straight into your Cyber Insurance Readiness evidence
- Decision Intelligence: an explanation of why any single action was allowed, stepped up, or flagged
- A verifiable hash-chained ledger the evidence can be drawn from
HR: producer licensing, commission comp, and appointments
A producer who is not licensed and appointed in a state cannot write there, so the people system and the money system are tied together. Fintra pays producers from the same commission plans the ledger posts, models their total compensation, and keeps licensing and appointment status on the employee record where it belongs.
- Producer commission compensation run from real commission plans, reconciled to the GL
- Producer licensing and carrier appointment status tracked on the employee record and skills graph
- Total compensation, bonus pools, and equity for agency and MGA staff
- Payroll on a verified tax engine with multi-state withholding for producers across states
Agency management system plus spreadsheets vs one system
| Workflow | AMS + spreadsheets + GRC tool | Fintra |
|---|---|---|
| Premium and commission | Reconciled by hand between AMS and GL | One dimensional ledger for premium and commission |
| Trust vs operating cash | Manual separation and month-end fixes | Trust and operating reconciled daily |
| Cyber underwriting evidence | Assembled under deadline every renewal | Standing Cyber Insurance Readiness control pack |
| Producer comp and licensing | Split across payroll and a license spreadsheet | Comp and licensing on one employee record |
Frequently asked questions
Does Fintra handle premium and commission accounting?
Yes. Premium accounting keeps trust and operating cash separated and reconciled daily, and producer commissions run from real commission plans and post to the same general ledger rather than a side spreadsheet. Claims payouts are screened against OFAC, fail-closed, on every payee.
Can Fintra do statutory and reserve accounting?
Not today. Statutory (SAP) accounting, the annual statement blue book, and actuarial reserve schedules are roadmap, so those still run in your statutory and actuarial tooling. Fintra owns the underlying ledger, premium, commission, and claims-payout accounting that feeds them.
Which insurance compliance frameworks are in the catalog?
SOC 2 is a seeded control library, and NYDFS 23 NYCRR 500 and GLBA are mapped so you can prepare and evidence. The catalog also carries insurance readiness frameworks, Cyber Insurance Readiness, EPLI Underwriting Readiness, and Medical Malpractice Readiness, mapped so you can get ahead of the underwriting and coverage reviews that gate your own policies.
How does Fintra help with cyber insurance renewals?
The Cyber Insurance Readiness framework maps the controls underwriters ask about, and the agent-governance layer contributes real evidence: a recorded verdict and Action Trust Score for every automated action touching policyholder data, drawn from a verifiable hash-chained ledger. You walk into the renewal with a standing evidence pack instead of a scramble.
Does Fintra track producer licensing and appointments?
Licensing and carrier-appointment status live on the employee record and in the skills graph, next to the commission comp they gate. A dedicated tracker with automated renewal and appointment alerting is roadmap, and direct producer-database integrations are design-partner rather than turnkey.
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