Insurance
Core Insurance IT System Annual Subscription
Annual subscription for the policy administration, claims, and billing platform.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Prepaid IT — Insurance Core System | Asset (+) | 180,000.00 | - |
| Cash / Bank | Asset (-) | - | 180,000.00 |
💡 Accountant's Note
Core insurance systems (policy admin, claims management, reinsurance, actuarial) are the operational backbone of an insurer. Annual subscriptions are prepaid assets amortized monthly.
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