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BFSI — Accounting
Accounting Services for Insurance
Strengthen financial accuracy and compliance with accounting teams built for the regulatory demands of insurance.
Backed by 96% outcome achievement across all client KPIs.
Insurance Companies Trust iQor to Deliver Measurable Results Through Accounting Outsourcing
96%
of outcomes achieved, in reconciliation accuracy, claims processing, and financial reporting deadlines.
30 days
from signed agreement to a fully integrated, compliance-ready team.
70%
of our business is complex, specialized work — built for accounting-grade precision.
Reconciliation backlogs delay financial reporting and create audit exposure. A missed commission payment erodes broker relationships that took years to build. When claims payment errors compound across your book of business, recoverable dollars become write-offs and inaccuracies draw regulatory scrutiny. Keeping these functions in-house at the accuracy and volume your business requires means carrying overhead that grows with every new policy line.
Claims adjudication and policy administration specialists from iQor reduce payment errors and keep compliance documentation current, protecting your organization from financial losses and regulatory penalties. A 15-year average client tenure and #1 partner status for 90% of multi-vendor clients demonstrate a proven record of accuracy and compliance.
Trusted by Leading Brands
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Services
Strengthen Compliance and Control Costs With Insurance Accounting Outsourcing
Insurance carriers manage high-volume financial transactions across multiple policy lines, each with its own regulatory and reporting requirements. With 70% of our business in highly complex, specialized work, iQor builds accounting teams around the precision and compliance your operation requires.
Premium Billing & Invoicing
Policy invoicing, premium billing cycles, and payment processing for individual policyholders and group accounts. Accurate, on-time billing that protects your cash flow and reduces policyholder disputes.
Accounts Receivable & Accounts Payable
Premium receivables, commission payments to agents and brokers, vendor payments, and claim disbursements. Timely, accurate processing that protects financial relationships and keeps your ledger clean.
Reconciliations
Premium reconciliation, claims payment reconciliation, reinsurance reconciliation, and commission reconciliation. High-volume matching and exception handling that keeps your books audit-ready across every policy line.
Claims Adjudication
Financial review, payment calculations, and disbursement accuracy for claims across all lines of business. Trained specialists who understand the regulatory requirements behind every payment decision.
Policy Administration
Policy issuance, endorsements, renewals, and cancellations — the transactional backbone of your book of business. Accurate processing that keeps policies current and financial records aligned.
Financial Reporting & Regulatory Compliance
Statutory financial reporting, state DOI filings, and the ongoing documentation that insurance regulators require. Accurate, timely reporting that keeps your organization in good standing.
Bookkeeping & Transaction Recording
Day-to-day recording of transactions across policies, claims, and payments. The operational foundation that keeps every downstream report accurate and every audit defensible.
Compliance Audits
Financial auditing and documentation support to maintain audit readiness across SOC 1 Type II, SOC 2 Type II, PCI-DSS v4.0, ISO 27001:2022, and HIPAA requirements. Built for the level of scrutiny insurance regulators require.
Awards & Recognitions
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Here's What Working With Us Looks Like in Practice
Knowledgeable
Accounting specialists trained in insurance financial operations, regulatory reporting, and compliance standards before they process a single transaction. Built for insurance, not adapted from another vertical.
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Compliant
An ops leader who understands your policy lines, regulatory calendar, and financial KPIs. One point of ownership brings the continuity needed to protect your operation.
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Visible
Real-time reporting on reconciliation accuracy, processing timelines, exception rates, and compliance metrics. Full transparency into your financial operations at any given moment.
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Fast
From signed agreement to a fully operational accounting team in 30 days. Integrated with your financial systems, aligned to your workflows, and up to speed on compliance from Day One.
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Tell Us Your Insurance Accounting Challenge, and We'll Show You How We've Solved It Before
Share your biggest reconciliation, reporting, or claims processing pain point, and we'll connect you with the right team and a deployment plan built for your timeline.
Case Studies & Trends
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Every stage powered by AI — from first hire to higher performance.
Start with insights. Build toward outcomes. Scale what works.
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FAQ
Frequently Asked Questions
