An Insurance Broking company needs to manage operations effectively. For this, it needs to track the payment received from its clients and the policies issued against that payment. It then need to track all the transactions and reconcile them with the actual transactions received from the Insurance Companies, track income by calculating the brokerage receivable from the Insurance Companies and reconcile it with the actual brokerage received. This need to be managed while minimizing the TAT (Turn Around Time). The automation of these processes is important as managing them manually involves time, cost and errors.

InSense is a system that serves as a complete Insurance Distributor’s BackOffice Solution. The system supports both Life Insurance and General Insurance. InSense supports multiple insurance companies and provides tracking at Investor level. InSense provides tracking of all the transactions, accurate brokerage calculations, brokerage reconciliation. The solution avoids duplication in investor creation by having a dedupe logic in place. The solution also provides features such as multi-purpose reports, finance module and audit trail. InSense also comes with a web interface allowing the customer to know of his insurance portfolio, renewal reminders and other relevant activities.

Features:

• Provides tracking at different levels that include:
  - Insurance Companies
  - Scheme
  - Region
  - Zone
  - Branch
  - RM
  - Investor
• Upload various scanned documents including:
  - Proposal
  - Instrument
  - PDR
  - Proofs
• Endorsement Tracking:
  - General
  - Positive
  - Negative
• Supports Multiple Brokerage Schemes and Slabs
• Imports:
  - Application details
  - Brokerage details
  - Renewal details
• Calculates Brokerage Receivable
• Reconciles Brokerage
• Finance Module with Ledgers, Sub-Ledgers and Trial Balance
• Comprehensive Drilldown Reporting
• Multi-View Web Reporting for:
  - Region
  - Zone
  - Branch
  - RM
• Audit Log for all user activities