Insurance Software | Best Insurance Agency Software

Robust Insurance Software to Amplify Business Efficiency

Insurance is one of the immensely complex businesses that require companies to orchestrate existing customer policies, renew them, timely process claims while addressing customer queries and providing them with quick resolutions. As there are a plethora of steps involved in fulfilling these insured needs, it becomes essential for insurance organizations to manage their day-to-day operations. An insurance software stands at the core of assisting carriers, agencies, brokers and agents in managing operational tasks while saving big time on cost.

Damco’s InsureEdge Insurance Software is an integrated and scalable insurance technology platform designed to help Insurers achieve maximum benefits through its comprehensive modules. This easy-to-configure Insurance agency software has the industry’s most efficient insurance processing functions for multiple lines of business.

InsureEdge Modules

InsureEdge – being the best Insurance Management System competently manages the organizational processes. For more than 20-years, Damco’s software developers have been working with global insurance companies as technology partners. Damco offers simplified, ready to use modules which reduces complexities and accelerates speed to market.

Claims Management Software
Manage your Claims through claims processing system. It allows you to register the first report of loss and document all the necessary information for its informative processing.
Policy Management Software
This full policy management suite enables the customer to create quotes, enforce policies, do endorsements, renewals or cancellations.
CRM Software
Track your communication in one place; this becomes a contact repository for all your clients, brokers, agents or vendors. This module manages your contacts and allows you to engage in up-selling or cross-selling.
Mobile solutions
This is a self-service portal for customers, where on either web or mobile customers can view and manage their policies or raise a concern through interactive chats.
Agency Portal
Set up your Agencies or manage your agents from here. The agent portal is easily configurable at agent level for better control. It allows for real-time data exchange between brokers/agents and users.
Proof of Insurance
Transform the proof of insurance workflow by digitizing it at the highest level, while streamlining and making the whole process trustworthy and transparent. It has the capability to write insurance contracts on Blockchain register.
Product Administration
Configure your system as per your needs and preferences; set up rates, discounts or loadings. It also allows you to manage users and provide access based on their roles.
Reinsurance
Insurers can configure their reinsurance treaties and facultative arrangements and automatically integrate reinsurance processing within the policy administration.
Dashboard & Reporting
Access your data through ready reports, which are more than 200 in numbers, including both standard and statistical reports. These could be exported for further data drilling.
Document Management
Take away the hassle of managing paper documents and linking them back to the policy/claim. Upload as many documents against a policy/claim and manage them accordingly within this interface.

InsureEdge Lines of Business

Damco as a forerunner among the Insurance Software Companies understands its customers’ needs and has developed InsureEdge to be a one-stop solution for multiple lines of businesses – Life, Health, and General Insurance Providers.

Property & Casualty (P&C) Insurers

InsureEdge covers P&C policy details & automated renewal features with managing claims workflow. Now Insurers can automate and digitize business process through one unified dashboard. Get access to all the facets of P&C insurance – policy, rating, billing, claims, data analytics, and much more.

Multiline, multi-location rating on a single quote or policy
Automated, exception-based underwriting by risk type, user type, policy type with flexibility by transaction type
Supports complex rating algorithms – e.g. multivariate rating and by-peril rating

Health Insurers

InsureEdge pivots the health insurance business with digitalized reliance on efficiency. Insurers can modernize systems and strategize processes with an automated software. Further, they can reduce time and cost of performing mission-critical business functions like claims processing, benefit administration, policy management, etc.

Boosts the advocacy of new-gen technology with analysis of Health claims reports
Wizard to automate recurring payments
Medical provider segmentation scoring tools (hospitals, clinics, medical specialists, etc.)

Life Insurers

InsureEdge accelerates Life insurer’s speed-to-market by modernized policy lifecycle. Insurers can develop and generate new life and annuity plan with insurance software. Moreover, they can automate operations and efficiently manage work processes by leveraging self–service and easy-to-use features.

Supports automated rule-based underwriting for less complex/low face value applications
Strategize your Life insurance businesses by leveraging the power of analytics
Accomplish automated handling of tricky tasks easily with new strides of Artificial Intelligence