A bordereau is a structured reporting statement, typically listing insured names, premiums, policy numbers, and claims details for broker-carrier or ceding company reconciliation.
Why it matters
In many commercial programs, bordereaux help reconcile earned premium, commissions, and claims data between parties. They reduce billing errors and provide an auditable line-item trail.
Underwriting and audit impact
Data quality in bordereaux directly affects audit findings. Incomplete fields can delay premium settlement, commission statements, and retroactive adjustments.
Example
A broker submits monthly bordereaux for a group of health and casualty policies. The carrier validates policy status and endorsements before issuing final premium bills.