August 4, 2015

INSURANCE

InsurancePro

InsurancePro is the ideal brokers and agency management and accounting software, specifically designed for independent Insurance Agencies and brokers. It has been developed by insurance professionals who truly understand what a busy agency needs to improve its work flow and boost productivity. The modules include:

  1. Underwriting
  2. Claims Register
  3. Debtor Ledger(clients)
  4. Creditors Ledger(Insurance Companies)
  5. Cash book
  6. Petty cash book
  7. General Ledger
  8. Fixed Assets
  9. Payroll
  10. Human Resource Management
  11. Performance and stability

Underwriting

Underwriting module facilities capturing of data. Policies are categorized using the following criteria:

  1. Policy types e.g. Motor, Fire, Medical, All risks, Domestic etc
  2. Insurer -Each policy is attached to the insurer providing cover.
  3. Client –Each policy is attached the client taking cover.
  4. Business type-whether New, Renewal, Extension or addition.
NB: All the reports in the system provide data view by any of the above parameter.
Underwriting provides the following key functions:
  1. Capturing the policies and the risks each policy.
  2. Policy renewal and cancellation.
  3. Debiting /Crediting Accounts.
  4. Pro-ration and computation of duties.
  5. Viewing policy historical data.
  6. Printing Certificates, Risk Notes, Debit Notes, and data entry forms
  7. Printing production reports.
  8. Maintaining policy classes.
Underwriting Reports
  1. Risk note
  2. Credit/Debit notes
  3. Entry Forms
  4. Motor Vehicles
  5. Policy Classes Listing
  6. Policy listing
  7. Deleted policies
  8. Deleted Risks/vehicles
  9. Production Analysis
  10. Production V’s collections
  11. Detailed Renewals
  12. Detailed Extensions
  13. Detailed Production
  14. Detailed W/Tax
  15. Summarized W/Tax
  16. Detailed commissions
  17. Risks schedules
  18. Audit trails

Claims Register

Claims module tracks claims from the time insurance broker is notified by the client to the time the claim is paid by the insurer. Once a claim is submitted, the system tracks the following processes Documents submitted by the client e.g. DL, Police Abstract, Log book etc. Letter written to the insurer Excess Amount paid by insured Monitoring activities e.g. calls made to insurer. Payment by insurer. Claim closure

Claims Reports

Claims Register-Provides a listing of all claims notified to a broker/Agent in a given period. Report orders claims by Claim No, Insurer, Client or Claim Type. User can print all claims, Claims open for 21 days or less, claims for 21 days or more, Claims closed or claims reported in a given period.

Debtors Ledger (Clients)

Debtor’s module maintains the clients listing. It is linked to Underwriting module, debit and credit notes are generated from the underwriting. Debtors are classified into corporate and individuals.

Debtors’ module provides the following key functions:
  1. Printing statements of Accounts
  2. Printing renewal notices
  3. Inquiring client balances
  4. Applying Debit and Credit to Receipts to clear statement of Accounts.
  5. Group Debits.
  6. Print Transactions and balance reports.
  7. Adding and modifying client records.
  8. Inquiring client policies and transactions.

Insurers Ledger

Creditors’ module maintains the Insurers listing. It is linked to underwriting module and credit and debit notes are generated from the underwriting and affect Insurers balances.

Creditors’ module provides the following key functions:
  1. Printing Insurer statement of Accounts.
  2. Capturing direct payments to insurers.
  3. Inquiring Insurer balances.
  4. Applying Debit and credits to Insurer statement of Accounts.
  5. Print transactions and balance reports.
  6. Adding and modifying Insurer records.
  7. Inquiring Insurer policies and transactions.
  8. Capturing commissions rates.

Insurers Reports include:
  1. Statement of Accounts
  2. Insurers Listing
  3. AP Transactions
  4. Accounts due for Renewal
  5. Aged Creditors Listing
  6. Aged Creditors Created
  7. Payment due
  8. Commissions Rates
  9. Batch Listing
  10. Batch Entries
  11. Audit Trail
  12. General Ledger

    General ledger is the Foundation of your Accounting system and provides flexibility that meets the current and future financial management requirements your company. It fully integrates with all the other modules and it is the key to maximizing the efficiency and accuracy of your financial data.

    General ledger provides the following key functions:
    1. Printing Financial Reports: Trial Balance, P & L and Balance Sheet
    2. Journal Entries
    3. Printing Transactions Listing
    4. Maintaining Accounts
    General Ledger Reports include:
    1. Trial Balance
    2. Profit and loss Account
    3. Chart of Accounts
    4. Balance sheet
    5. Transactions Listing
    6. Journal Entries
    7. Batch Listing
    8. Audit Trail
    Innovative Ideas, Lasting Solutions