What software do insurance brokers use?

February 18, 2021 in Insurance Broking



What software do insurance brokers use?

Insurance brokers has been using a variety of software for the past couple of years. The decision to go for any particular one depends on numerous factors. The majority of the brokers go for insurance broker software products that offer flamboyance typical features. Only the smart ones consider those insurance broker software that offers them what exactly they need. These decisions make their insurance broking business much more easier. Let’s have a walk through some of the best software solutions modern insurance brokers prefer for managing their incoming prospects, policies, claims, endorsements, invoices and all in between.

On a nutshell, the handpicked software most of the insurance brokers nowadays prefer to manage their broking business are SIBRO, Broker Edge, SAIBA, NowCrets, InsurancePro, Velocity, BindHQ, and Agency Bloc.

This is a simple to use IRDAI compliant broking software that helps insurance brokers to systematically record all the incoming prospects, then periodically follow-up clients, draft RFQs/quote slips, prepare quote comparison sheets, recording policies and receiving payments. This software for insurance brokers will also help them in managing their prospects and clients by promptly reminding about your upcoming renewals, prospects, and their follow ups. Click here to know more about Sibro. The exclusive features offered by SIBRO insurance broking software are:-

Optimizes Business Process

Offers amazing pricing options that you love to explore

Automated Communication

Send email, WhatsApp, and SMS communications from the software

Instant Quote Creation

Create and send professional quote comparison sheets

Auto Reconciliation

Reconcile your commission statements easily and instantly

Automated Reports

Get instant IRDAI reports with a click of a button from Sibro

Post-purchase assistance

Sibro offers customer friendly post purchase product support

Cost-effective Pricing

Offers amazing pricing options that you love to explore the most

Future Integration Opportunities

Futuristic insurance integration provision already incorporated

BrokerEdge is an startling insurance software that offers fast automation and unified connectivity and is connected with multiple insurance companies. This feature stuffed software solution for insurance brokers offers administration management, client services management, underwriting, quote processing, claim processing, and much more. Click here to know more about BrokerEdge. The exclusive features offered by are:-

Process Automation

Automated alerts to remind of upcoming important dates

Lead Management

Smoot conversion of prospects to potential leads

Cloud-hosting

Supports on-premise or cloud installation as per the business

Next-gen Mobile App

Feature-rich mobile app for next level broking and much more

SAIBA is a promising software solution for direct insurance brokers who specializes in general insurance, life insurance and health insurance. This is an inclusive software focused on brokers that contains every essence of insurance broking business that includes customer relationship management, prospects and policy management, handling claims and monitoring finances. Click here to know more about SAIBA.

The exclusive features offered by SAIBA are:-

ERP for insurance brokers

Acts as an effective ERP for modern insruance brokers

Easily Customizable

Ability to customize for requirements is beyond limit

User Friendly

A software solution for insurance brokers that prioritizes customers

Renewal Tracking

Effective renewal tracking features incorporated in the software

An insightful agency management system offers flexible features and helps you to manage you business operations and handle your clients in a systematic manner. It helps you to tracking commissions, fees, and interest rates on payment plans. Click here to know more about NowCerts. The exclusive features offered by NowCrets are:-

Optimizes Business Process

Offers amazing pricing options that you love to explore

Automated Communication

Email, WhatsApp, and SMS from your software

Instant Quote Creation

Create professional quote comparison sheets

Auto Reconciliation

Reconcile your commission statements easily

Automated Updates

Ability to provide an automated update about the policy information

Issue Certificates

Gives your customers the ability to issue their own certificates

Manages Accounting

Create invoices, collect payments, issue receipts, and process refunds

Easy to Use Marketing Forms

This software for insurance brokers offers easy to use marketing forms

Alternative Text

5 Tips to Become a Successful Insurance Broker in 2021

How to be a successful insurance broker in 2021?

READ HERE

This is an ITC’s insurance agency software that offers you the provision to automate all your tasks and help you to run an insurance agency successfully. This software offers different provisions to track your commissions, update your policy data, and reconcile all the payment transactions. Click here to know more about InsurancePro. The exclusive features offered by InsurancePro are:-

Easy-to-Use Interface

Provides an easy-to-use interface to handle business smoothly

Built-in Accounting Features

Built-in accounting features to take care of your money matter

Print Documents

Ability to retrieve and print uploaded documents when ever need

High-end Security

Offers in depth cloud storage with high-end security

This is a complete insurance agency software that is being dedicated to the property and casualty market, fulfilling the requirements of MGAs, Program Administrators, Wholesalers, insurance carriers, reinsurers, and retailers. Click here to know more about Velocity. The exclusive features offered by Velocity are:-

Rate, Quote and Issue Policies

Permits you to rate, quote, and issue insurance policies easily

Claims Management

Eases your claims management process to a greater extent

Provision to Drag and Drop

Offers provision to drag and drop attachments and emails

Ability to Track Sales

Ability to track sales and provides reports and insights

Alternative Text

Top 10 Features of an Insurance Software Product for Brokers

This article gives you the top 10 features that an insurance broker management software must possess.

READ HERE

This is one of the leading cloud agency management system focused on specialty insurance distribution. Basically, this is a market driven application      that will help your insurance business elevate to a new level. Click here to know more about BindHQ. The exclusive features offered by BindHQ are:-

Policy management

Offers fully-fledged policy management features

Underwriting Panel

This software also offers underwriting panel feature

Document Management

Offers amazing and user friendly documentation options

Real-time Reporting

Offers real-time reporting and a lot more features

IRDAI COMPLIANT BROKER SOFTWARE

SIBRO offers more than you THINK!


We waited until we could do it right. Then we did! Checkout the incredible features of Sibro, the best IRDAI compliant broker software for insurance broking companies in India, Philippines and Botswana.

SEE ALL SIBRO FEATURES
Best Insurance CRM Software for Brokers

This is an agency management system that helps insurance professionals to facilitate their commission processing, integrated business activities, etc. This is a dedicated application focused on life and health insurance agencies. Click here to know more about Agencybloc. The exclusive features offered by Agencybloc are:-

Lead Tracking

Systematic lead tracking and management of prospects

Intuitive Dashboard

Offers a productive dashboard with customer friendly features

Custom Reporting

Custom reporting feature with visually appealing graphs and charts

Manage Campaigns

Permits you to set up, customize and timetable different campaigns

EXPLORE SIBRO INSURANCE BROKING SOFTWAREE NOW

Leave a Reply

Your email address will not be published.