Insurance Management Module
Comprehensive insurance ERP and policy management
Overview
The Insurance Management Module is a comprehensive enterprise resource planning (ERP) solution designed specifically for insurance operations. This advanced insurance ERP module provides end-to-end management of the insurance lifecycle, from initial submissions through quotes, placements, policy issuance, and regulatory compliance. Built for insurance companies, brokers, and intermediaries, this module streamlines complex insurance workflows while ensuring regulatory compliance and maintaining complete audit trails.
Our insurance ERP system supports multi-organization structures, complex party relationships, automated rule engines, workflow management, client money account segregation, and comprehensive regulatory filing capabilities. Whether you're managing direct insurance, reinsurance, or brokerage operations, this ERP module provides the tools you need for efficient insurance management.
Key Features
Manage insurance organizations, parties, and complex relationship structures with jurisdiction-based tracking and effective date management
Track insurance submissions with unique reference numbers, participant roles, and authority scope management
Create and manage insurance quotes with status tracking, participant roles, and comprehensive quote lifecycle management
Handle insurance placements with binding dates, participant tracking, and participation percentage management for syndicates
Complete policy lifecycle management with unique policy numbers, issuance tracking, and policy version control
Track policy versions with effective dates, version numbers, and complete historical policy change management
Define and execute business rules with multiple rule engine types, execution languages, versioning, and determinism tracking
Comprehensive logging of rule executions with input/output hashing, environment tracking, and audit capabilities
Define and manage complex insurance workflows with state transitions, authority-based approvals, and workflow instances
Control workflow state transitions with organization-based authority scopes and permission management
Manage client money accounts with currency support, segregation tracking, and trust account rule management
Track regulatory bodies, manage regulatory filings with reporting periods, and validate compliance with automated feedback
Insurance Lifecycle Management
Submission
Initial insurance submission with reference tracking and participant management
Quote
Generate and manage insurance quotes with status tracking
Placement
Bind placements with participant tracking and percentage allocation
Policy
Issue policies with version control and lifecycle management
Business Benefits
Regulatory Compliance
Ensure compliance with insurance regulations through automated regulatory filing, validation, and comprehensive audit trails. Meet jurisdiction-specific requirements with built-in compliance features.
Workflow Automation
Automate complex insurance workflows with state-based transitions, authority controls, and rule-driven processes. Reduce manual errors and improve operational efficiency.
Client Money Protection
Manage client money accounts with proper segregation, currency tracking, and trust account rules. Ensure compliance with client money regulations.
Complete Audit Trail
Maintain comprehensive audit trails for all insurance operations, from submissions to policy issuance. Track all changes with timestamps and user attribution.
Multi-Organization Support
Support complex insurance structures with multiple organizations, parties, and relationship management. Ideal for brokers, intermediaries, and syndicates.
Rule-Based Processing
Implement business rules with versioning, determinism tracking, and execution logging. Ensure consistent rule application across all insurance operations.
Ideal For
Insurance Companies
Direct insurers managing policies, submissions, and regulatory compliance
Insurance Brokers
Brokers managing client submissions, quotes, and placements across multiple carriers
Reinsurance Operations
Reinsurers managing placements, syndicates, and participation percentages
Intermediaries
Insurance intermediaries managing complex multi-party relationships and workflows
Regulatory Compliance Teams
Teams managing regulatory filings, validations, and compliance reporting
Client Money Managers
Organizations managing segregated client money accounts and trust funds
Ready to Get Started?
Start using Insurance Management and all other ERP modules today