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AdInsure Insurance Accounting from Adacta

Integrated insurance accounting module within the AdInsure platform providing general ledger, accounts payable/receivable, financial reporting, and regulatory compliance. Supports multi-currency, multi-company operations with automated financial processes.

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Product analysis by function

Insurance Accounting Systems for Finance and Accounting

Specialized financial software that handles industry-specific accounting requirements, including premium recognition, loss reserves, and statutory reporting.
More Insurance Accounting Systems More Finance and Accounting ...

Core Accounting Capabilities
(9 Yes /9 Known /12 Possible features)

Premium Recognition & Billing
(5 Yes /5 Known /10 Possible features)

Claims Accounting & Loss Reserves
(3 Yes /3 Known /10 Possible features)

Reinsurance Accounting
(2 Yes /2 Known /10 Possible features)

Investment Accounting
(1 Yes /1 Known /10 Possible features)

Regulatory & Statutory Reporting
(2 Yes /2 Known /10 Possible features)

Integration & Interoperability
(3 Yes /3 Known /10 Possible features)

Security & Compliance
(5 Yes /5 Known /10 Possible features)

User Experience & Usability
(2 Yes /2 Known /10 Possible features)

Reporting & Analytics
(4 Yes /4 Known /10 Possible features)

Scalability, Performance & Support
(5 Yes /5 Known /10 Possible features)

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General Ledger Integration Supports a full-featured general ledger tailored for insurance operations.		AdInsure Insurance Accounting provides an integrated general ledger specifically tailored for insurance operations.
Accounts Payable Management Handles invoice approvals, payments, and vendor management.		The documentation mentions handling of payments and vendor management (accounts payable).
Accounts Receivable Management Tracks premiums receivable and manages collections.		The system explicitly tracks premiums receivable and collections (accounts receivable).
Multi-entity Accounting Supports consolidation and accounting across multiple companies or branches.		Supports multi-company and multi-branch operations, which implies multi-entity accounting.
Chart of Accounts Customization Ability to configure chart of accounts to meet insurance industry requirements.		The system is configurable for insurance-specific chart of accounts.
Bank Reconciliation Automation Automates matching of system transactions with bank statements.		Automation in financial processes and reconciliation is listed as a key capability.
Period Close Automation Automates closing accounting periods with built-in validations.		AdInsure mentions automated period-close and validation.
Dimension Support Allows accounting segmentation by business lines, product type, or other insurance-specific dimensions.		System supports accounting segmentation by business lines and other insurance dimensions.
Inter-company Eliminations Automates elimination entries for inter-company transactions.		No information available
Audit Trail Maintains a complete, uneditable log of transactions and changes.		Audit logging and complete transaction traceability are standard in AdInsure.
Batch Processing Speed Speed at which the system processes large accounting batches.		No information available
Concurrent User Support Number of simultaneous users supported.		No information available

Automated Premium Recognition Supports earnings schedules, unearned premium reserves, and handles multi-period recognition.		Features for scheduled earnings, reserves, and multi-period premium recognition described in platform documentation.
Policy Billing Integration Interconnects with policy administration for accurate and timely billing.		Integration with policy administration and billing systems is supported.
Installment Billing Management Enables the setup and management of premium payment installments.		Offers installment billing management as part of premium processing.
Multi-currency Premium Handling Handles premium recognition in multiple currencies and exchange rate updates.		Explicit support for multi-currency accounting and exchange rate updates.
Premium Adjustment Automation Adjusts for endorsements, cancellations, and mid-term changes.		The system automates premium adjustments for endorsements, cancellations, etc.
Aging Reports Automated generation of aged premium receivables.		No information available
Policy Linkage Capacity Maximum number of active policies directly linked to accounting records.		No information available
Premium Recognition Speed Number of policies for which premium recognition can be processed per hour.		No information available
Negative Premium Handling Supports reversal and refund of premiums.		No information available
Deferred Acquisition Cost Automation Calculates and tracks deferred acquisition costs related to premiums.		No information available

Loss Reserve Calculation Automated calculation and posting of case and IBNR (incurred but not reported) reserves.		AdInsure platform includes loss reserve calculation and posting (case and IBNR).
Claims Payment Management Processes claims payments and tracks outstanding claims.		Claims payments and tracking are a native capability.
Automated Claims Accruals Accruals for pending claims based on customizable rules.		No information available
Salvage & Subrogation Handling Tracks and accounts for recoveries and reinsurance claims.		No information available
Claims Aging Reports Generates real-time aging analysis of claims payables.		No information available
Reserve Movement Audit Trail Maintains a history of all reserve adjustments with audit referencing.		No information available
Claims Batch Processing Speed Number of claims processed for accounting entries per hour.		No information available
Reserve Adjustment Approval Workflow Enforces approval processes for reserve changes.		No information available
Claims Data Integration Imports claims data from administration systems automatically.		Awarded for automatic integration with claims administration systems.
Liability Roll-forward Reporting Provides roll-forward schedules of net liability balances.		No information available

Ceded Reinsurance Processing Accounts for cessions, recoverables, and reinsurance settlements.		Reinsurance module offers full ceded reinsurance processing and financial settlements.
Assumed Reinsurance Handling Manages accounting for assumed premiums and claims.		AdInsure supports both assumed and ceded reinsurance accounting.
Reinsurance Treaty Administration Integrates treaty terms into accounting calculations.		No information available
Automated Retrocession Processing Handles retrocession entries and settlement.		No information available
Reinsurance Recoverable Aging Tracks and reports on outstanding recoverables.		No information available
Automated Bordereaux Generation Creates and validates bordereaux reports automatically.		No information available
Slip and Statement Integration Imports and processes slips and statement-of-accounts.		No information available
Reinsurance Capacity Maximum number of treaties or agreements supported.		No information available
Reinsurance Reporting Frequency Maximum frequency of automated reporting in a period.		No information available
Reinsurance Commissions Automation Calculates and records ceding/reinsurance commissions.		No information available

Asset Type Flexibility Supports accounting for multiple asset classes (bonds, stocks, real estate, etc.).		No information available
Investment Valuation Automation Calculates mark-to-market, amortization, and fair value entries automatically.		No information available
Interest & Dividend Accruals Automates accruals and receipts of investment income.		No information available
Integration with Custodians/Brokers Imports transactions from bank custodians or brokers.		Platform highlights straight-through processing and integrations with custodians/brokers.
Impairment Analysis Automates identification and posting of impaired securities.		No information available
Investment Reconciliation Speed Transactions reconciled per minute.		No information available
Portfolio Diversification Reporting Automated reporting on compliance with investment limits.		No information available
Trade Settlement Automation Automates posting of trade settlements.		No information available
Unrealized Gain/Loss Tracking Tracks unrealized gains and losses by asset type.		No information available
Regulatory Investment Limits Checks investments against jurisdictional limits.		No information available

Automated NAIC Reporting Auto-generates statutory statements as prescribed by NAIC guidelines.		AdInsure provides NAIC reporting among its features.
IFRS/GAAP Dual Reporting Supports multi-basis (IFRS, GAAP, local GAAP) parallel reporting.		IFRS/GAAP dual (parallel) reporting is described as a compliance feature.
Regulatory Form Library Maintains a prebuilt library of statutory forms for different regulators.		No information available
E-filing Integration Allows for automated submission of filings to regulators.		No information available
XBRL Reporting Capabilities Produces data in XBRL (eXtensible Business Reporting Language) formats.		No information available
Threshold-based Alerts Automated alerts for regulatory capital or compliance breaches.		No information available
Automated Data Validation Validates all data entries before reporting submission.		No information available
Filing Cycle Support Maximum supported reporting cycles per year.		No information available
Audit-ready Data Export Exports supporting data and workpapers for external audits.		No information available
Local Regulatory Adjustments Supports country or state-specific statutory modifications.		No information available

API Availability Open APIs for real-time integrations with other modern systems.		API and open integration capabilities are a core design feature.
Native Insurance System Connectors Comes with prebuilt connectors for major insurance core platforms.		AdInsure has prebuilt connectors for integrating with various insurance core platforms.
Data Import/Export Automation Automates regular batch imports and exports.		No information available
SaaS Platform Support Supports integration with cloud and SaaS-based systems.		SaaS and cloud-ready integration supported as per product collateral.
Single Sign-on Integration Supports SSO with enterprise authentication providers.		No information available
Integration Throughput Volume of records that can be transmitted per integration run.		No information available
Real-time Data Sync Enables real-time synchronization of key data entities.		No information available
Event-driven Integration Support Supports webhook/event subscription for integration triggers.		No information available
Data Mapping Flexibility Ability to configure and customize data mapping rules.		No information available
Legacy System Adapter Ease of connecting to legacy mainframe-based platforms.		No information available

Role-based Access Controls Ability to restrict user permissions by job role.		Supports comprehensive, configurable role-based access controls.
Data Encryption at Rest All data stored on disk is securely encrypted.		Data is encrypted at rest and in transit according to security statement.
Data Encryption in Transit Ensures all data transmission is encrypted (e.g., TLS).		Encrypted data transmission (e.g., TLS) is covered in security documentation.
Audit Logging Comprehensive tracking of access and usage of sensitive features.		No information available
Multi-factor Authentication Requires at least one additional verification method for login.		AdInsure platform offers multi-factor authentication via SSO and external authentication tools.
SOC/ISO Certification Attestation for SOC2, ISO27001 or comparable audits.		Vendor site claims SOC2 and ISO27001 compliance/certification.
Automated User Deactivation Immediately disables users who terminate or violate policies.		No information available
Segregation of Duties Support Prevents conflicts of interest by controlling process access.		No information available
Data Retention Configuration Customizable data retention and purge policies.		No information available
Compliance Alerting Automated alerts for unusual access or regulatory non-compliance.		No information available

Customizable Dashboards Dashboards can be configured by user or role.		Customizable dashboards are mentioned as a key UI/UX feature.
Advanced Search Functionality Robust and fast search capabilities across all records.		No information available
Mobile Access Functional access across tablets and phones.		Mobile and responsive access to the AdInsure platform is supported.
Context-sensitive Help Built-in help and support tied to each screen.		No information available
In-app Notifications Real-time messaging and task reminders within the app.		No information available
Keyboard Shortcuts Supports quick navigation using keyboard shortcuts.		No information available
System Average Response Time Average time for page or action to load.		No information available
Bulk Transaction Entry Ability to enter or update multiple transactions at once.		No information available
Accessibility Standards Compliance with WCAG or other accessibility standards.		No information available
Localization/Language Support Supports multiple languages for global users.		No information available

Custom Report Builder Users can define and customize report layouts and fields.		Custom report builder capabilities are available in the reporting module.
Ad hoc Query Capability Allows real-time questions on all available data.		No information available
Embedded Analytics Dashboards Interactive and visual dashboards for performance analysis.		No information available
Historical Data Analysis Analyzes historical trends and year-over-year data.		No information available
Scheduled Report Distribution Automates sending reports to users at scheduled intervals.		Reports can be scheduled for distribution to stakeholders.
Drill-down Functionality User can drill from summary reports to underlying details.		Drill-down from summary to transaction details covered in reporting interface description.
Export Formats Supported Variety of downloadable report formats (PDF, Excel, CSV, etc.).		No information available
Concurrent Reporting Users Number of users who can run reports simultaneously.		No information available
Data Warehouse Integration Supports connection to external data warehouses or BI tools.		Integration with BI/data warehouse solutions is mentioned as a reporting/analytics feature.
KPI & Benchmarking Support Built-in insurance-specific key performance indicators and benchmarking.		No information available

Horizontal Scaling Support Capacity to expand system resources by adding servers.		Platform is designed for horizontal scaling per Adacta technical documentation.
Vertical Scaling Support Ability to increase power/resources of a single server.		The system supports vertical resource scaling in cloud environments.
Transaction Volume Handling Maximum monthly transaction processing capacity.		No information available
Annual Data Retention Limit Years of transaction history supported online.		No information available
Disaster Recovery Time Objective (RTO) Maximum system downtime permitted in disaster recovery.		No information available
Disaster Recovery Point Objective (RPO) Maximum data loss in the event of a disruption.		No information available
99.9% Availability SLA Service guarantees for system uptime.		Service-level agreement with 99.9% uptime is stated.
24x7 Support Availability Provides all-day support coverage.		Support is listed as 24x7 in vendor resources.
Automated System Monitoring Automatically monitors and alerts on system health.		No information available
Multi-tenant Support Ability to serve multiple independent insurance clients from a single instance.		AdInsure provides multitenant SaaS options for insurance organizations.

AdInsure Insurance Accounting from Adacta

Product analysis by function

Insurance Accounting Systems for Finance and Accounting

Core Accounting Capabilities (9 Yes /9 Known /12 Possible features)

Premium Recognition & Billing (5 Yes /5 Known /10 Possible features)

Claims Accounting & Loss Reserves (3 Yes /3 Known /10 Possible features)

Reinsurance Accounting (2 Yes /2 Known /10 Possible features)

Investment Accounting (1 Yes /1 Known /10 Possible features)

Regulatory & Statutory Reporting (2 Yes /2 Known /10 Possible features)

Integration & Interoperability (3 Yes /3 Known /10 Possible features)

Security & Compliance (5 Yes /5 Known /10 Possible features)

User Experience & Usability (2 Yes /2 Known /10 Possible features)

Reporting & Analytics (4 Yes /4 Known /10 Possible features)

Scalability, Performance & Support (5 Yes /5 Known /10 Possible features)