Transform Insurance Finances with Expert Accounting Solutions

In the insurance world, precision and compliance aren’t optional, they’re everything. At ProcStat, we deliver specialized outsourced accounting solutions designed for insurance agencies, brokers, and underwriters who need accuracy, transparency, and control over their financial operations.

We manage premium tracking, commission accounting, payables, receivables, reconciliations, and reporting, ensuring every transaction is clear, compliant, and audit-ready. Our experts also handle policy accounting, claims reconciliation, and regulatory compliance, giving you complete financial visibility and confidence in every report.

With ProcStat, your books stay organized, your reporting stays timely, and your compliance stays effortless. While you focus on protecting your clients’ futures, we strengthen the financial foundation that protects you.

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Comprehensive Accounting Services for the Insurance Companies

Take control of your financial processes with our tailored accounting solutions designed to meet the unique needs of insurance companies/ agencies.

Policy Revenue Management

We accurately track, reconcile, and report policy revenues, ensuring proper recognition and alignment with financial goals. Our process helps maintain transparency, reduce discrepancies, and provide clear insights into revenue performance across policies.

Claims Processing and Accounting

We record and reconcile all claim-related transactions, ensuring accuracy between insurer, reinsurer, and client records. By maintaining organized claim accounting, we help streamline settlements, reduce errors, and support consistent cash flow.

Underwriting Financial Analysis

We support underwriting teams with detailed financial data, helping assess risk exposure, evaluate profitability, and ensure accurate policy pricing decisions backed by reliable financial insights.

Premium Billing and Collection

We manage premium billing schedules, track receivables, and send timely reminders to clients. This ensures smooth premium collection, reduces overdue balances, and helps maintain a stable cash position.

Benefits of Outsourcing Insurance Accounting

Ensure precise financial reporting tailored to the unique needs of insurance agencies.

Maintain compliance with ever-changing insurance regulations to avoid penalties.

Streamline claims processing and improve cash flow through efficient billing practices.

Gain insights from specialized insurance accounting expertise while focusing on clients.

Reduce operational costs by outsourcing accounting functions specific to the insurance sector.

Easily scale accounting services to accommodate fluctuations.

Our Clients’ Stories

Join us in celebrating the diverse experiences of those who have chosen our outsourced services —where satisfaction finds its voice.

Our CPA firm has had an excellent experience working with Procstat. They are thorough, professional, and always well-prepared. The meetings are informative, and the team truly listens to our needs. Their process is seamless and flows effortlessly from start to finish. Highly recommend their bookkeeping services!

Kamilah Gothard

Founder and CEO of the leading CPA firm

I’m pleased so far with the efficiency. It’s going so well that I’m rushing to keep up with the team, what a great problem to have. So far, I’ve received incredible feedback from my clients on the accounting work and tax savings. That’s a true testament to how well the team is functioning and the quality of their work. I’ve been able to onboard new clients without any interruption to current client deliverables. Honestly, without you all, I don’t have a business. Again, I’m extremely pleased with how things are going. I truly appreciate each of you for being such a valuable part of my business and helping me grow so quickly!

Christina Messer

Tax Firm Owner

ProcStat has been an invaluable partner to LendingTree Research Services since our inception and seamlessly managing the financial operations of our office. Their comprehensive suite of services, including bookkeeping, financial reporting, tax compliance, payroll processing, and financial planning, has consistently exceeded our expectations. What sets ProcStat apart is their meticulous attention to detail and proactive approach, ensuring that compliance and financial integrity are always maintained without the need for constant oversight. Their ability to deliver accurate and timely insights has empowered us to make informed decisions and focus on strategic growth, confident that our finances are in expert hands. ProcStat’s unwavering reliability and professionalism have made them an indispensable extension of our team. We deeply appreciate their dedication to excellence and look forward to many more years of collaboration.

Abhishek Chauhan

Designated Partner, LendingTree India

Working with ProcStat has been a game changer for our franchise operations. With 9 locations to manage, staying on top of our finances was a constant struggle until they stepped in. Their team has simplified everything from bookkeeping to cash flow management, providing us with real-time insights that have driven smarter decisions and significant revenue growth. They’ve truly helped us unlock the potential of our business.

Thomas Griffin

Multi-Franchise Owner

ProcStat’s white-label accounting services have transformed the way we manage our workload. By seamlessly integrating their team of qualified accountants with ours, we’ve been able to handle seasonal spikes without any strain on our internal resources. This partnership has not only improved our operational efficiency but also allowed us to take on more clients and scale our business faster than ever before.

Steven Mitchell

CPA Firm Owner

FAQs

Outsourcing accounting tasks can lead to significant cost savings, access to specialized expertise, enhanced efficiency, and the ability to focus on core business operations. It allows companies to streamline processes, reduce overhead, and improve financial accuracy while providing scalability to accommodate growth.