Premium collection & settlement
Every premium collected. Every kobo accounted for.
Insureflow connects insurance companies and their brokers on one platform: premiums come in by bank transfer, commissions split automatically, and insurers get settled in real time — with a complete audit trail behind every transaction.
Payments
Insurer
Account
Welcome back
Signed in as Coral Assurance Ltd.
New policies
18
This month
Outstanding premiums
₦1,846,500.00
Total brokers
12
Premiums Trend
Successfully collected premiums, last 6 months.
Recent policies
| Policy number | Customer name | Broker | Policy amount |
|---|---|---|---|
| POL-10234 | Ade Fashina | Meridian Brokers | ₦450,000.00 |
| POL-10235 | Chidinma Eze | Northbridge Ins. Brokers | ₦1,284,500.00 |
| POL-10236 | Tunde Bakare | Meridian Brokers | ₦96,000.00 |
| POL-10237 | Grace Effiong | Apex Risk Partners | ₦615,750.00 |
What you get
Built for how premiums actually move
From onboarding to settlement, every step is designed around the real workflow between insurers, brokers, and policyholders.
Single & bulk premium collection
Collect one installment or hundreds in a single action via bank transfer to a permanent virtual account. Upload an Excel of debit-note references and the platform matches every premium for you — no more searching line by line.
Automatic commission-split settlement
Every successful payment posts a balanced double-entry ledger record and settles to the insurer in real time, net of the commission split — versioned rates that never rewrite history.
Multi-tenant onboarding & roles
Insurers and brokerages onboard with manual platform approval, and every account operates within a strict permission ceiling — admins, broker admins, and broker staff each see exactly what their role allows.
Reminders & reconciliation
Overdue premiums surface automatically after the grace period, one click nudges every broker at once, and a scheduled reconciliation job re-verifies any payment a webhook ever missed.
Audit trail & data isolation
Every approval, rate change, and financial state transition is written to an immutable audit log. Each insurer's data is walled off from every other organization on the platform — enforced by the database itself, not just application code, so it can never leak across tenants.
Policy portfolio at a glance
Live dashboards for both sides: brokers track premiums, retention, and collections; insurers monitor new policies, outstanding premiums, and broker performance — straight from the database.
The workflow
How it works
Step 1
Onboard & get approved
An insurer or brokerage signs up, the platform team reviews and approves, and the broker receives a permanent virtual bank account for collections.
Step 2
Create policies
Brokers register policyholders and policies — auto, health, life, and more — and the platform generates the recurring premium installment schedule.
Step 3
Collect premiums
Policyholders pay by simple bank transfer. Collect installments one at a time, in filtered batches by policy type, or via Excel upload for hundreds at once.
Step 4
Settle automatically
The moment a payment verifies, commission is split and the insurer is settled — with the ledger, audit trail, and dashboards updated in real time.
Questions
Frequently asked
Ready to streamline your premium collections?
Onboard your insurance company or brokerage today. Approval is reviewed by the Insureflow team, and your dashboard is ready the moment you're in.