Insurance Broker Management Software

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Optimize Brokers’ Efficiency & Productivity While Improving Sales Revenue With BrokerEdge

Digital innovation has transformed the insurance broker industry. However, in most cases, staying on the digital transformation bandwagon is preceding the need to deliver a cost effective and optimized user experience for brokers. For a broker to outperform, they require to provide their customers with the best insurance deals in real-time through an enriching experience. Thus, it is important to have a unified platform where applications meant for different insurance processes can “talk” to each other while giving brokers detailed insight on customers in just one click. With this challenge in focus, Damco has developed a comprehensive broker operation management software, BrokerEdge, which not only meets the grass-root requirements of modern-day brokers but is equipped to handle the impending changes to make their business future-ready as well. We understand the unique challenges that insurance brokers face in managing their operations, clients, and policies. That’s why we have developed this unique and powerful insurance broker software tailored specifically to meet the unique needs of a growth-oriented insurance broker like you.

Fueled by decades of technology expertise and insurance domain acumen, Damco’s BrokerEdge is a smart insurance brokerage software that helps brokers stay on top of their key tasks like product and policy administration, client servicing and claims processing across multiple lines of businesses faster, anytime, anywhere. A unique insurance broking software with a single view dashboard to keep a tab on individual and group policy journeys, BrokerEdge supports end-to-end fronting and co-brokering accounting processes such as opportunity management, underwriting, quote processing, and relationship management, thus driving productivity and business growth. Transform your insurance brokerage with BrokerEdge – our comprehensive Insurance Broker Management Software now!

Insurance Broker Software

How Has BrokerEdge Helped Our Clients?

30+

Global Brokers as Proud Users

30%+

Growth in New Client Acquisition

70%+

Improvement in Customer Satisfaction

30%

Improvement in Operational Productivity

27%

Improvement in Conversion Ratio

31%

Improvement in Retention Ratio

Digitize The Broker Operations of Your Choice with BrokerEdge’s Configuration Modules

A powerful and feature rich insurance brokerage software, BrokerEdge digitalizes the broking operations with its scalable, flexible, and easy to configure modules, thus reducing brokers’ costs, time, and efforts.

Product Administration

Configure your system, set-up multiple insurance companies, products, and manage automated or manual rates.

Policy Administration

Enable users to create quick quotes, compare quotes, manage binders, perform endorsements, renewals, cancellations and register claims. Auto-generate renewal notices and setup reminders.

Insurer Connectivity

Connect with insurer system with ready APIs or EDI methods. Push or receive all information in real time. Get away with operational redundancy and improve efficiency.

Dashboard & Reporting

Access to all standard & statistical reports out of the box. View them on the dashboard interface available on web and mobile.

CRM

Get a 360-degree view of the customers for better servicing. Assisted sales process to help track your leads end-to-end and engage in up-selling/cross-selling.

Digital Document Repository

Upload documents against a policy or claim and manage them accordingly within this interface. Eliminate paper trails.

Customer Portal

Self-service policies or register FNOL with a quick upload of claim-related photos and videos on either web or mobile platforms. Update profile or make payments against policies.

Producer Portal

Allow producers to register new businesses and manage commissions with the easily configurable agent/producer sections.

Mobile Application

The mobile app lets customers self-service policies, update contact information, view policy status, make payments, report a new claim, and more.

Better Collaboration with Insurance Carriers and Customers Alike with BrokerEdge

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BrokerEdge’s Value Proposition

BrokerEdge, the insurance broking software, supports brokers to focus on all aspects of broking including client services, underwriting, quote processing, claim processing to deliver a seamless customer experience powered by essential features and future-ready functionalities on one platform.

Cutting-edge & Transformative Functionalities

Integrated P&C and Benefits Management

  • Supports more than 18 LoBs across Property & Casualty, Specialty, Liability, Life & Health offerings
  • Easy management of complex billings with automated employee benefit workflows

Underwriting Guides

  • Easy onboarding and management of insurance companies, their logos and addresses
  • Quick premium generation via API integrations or rate setups

A Growth Supportive, Pay-As-You-Go Model

  • Supports unlimited number of users with no restriction on active users
  • A subscription-based SaaS model that can be scaled as the business grows

Automated Insurer Connectivity

  • Ready API availability for integration with multiple insurance companies
  • Seamless data exchange between systems via API or EDI

Strong & Innovative Technological Functionalities

Multiple Quote Comparison
  • Easy quotes comparison from various insurance companies through APIs or Excel uploads
  • Seamless digital policy buy out
Automated Sales and Integrated CRM
  • Automated quotation journey starting from lead creation and opportunity mapping
  • Automated payment reminders, renewal notices, birthday greetings, and occasion-related wishes
Built for Global Market
  • One view or window for managing operations across different products from multiple carriers

Why BrokerEdge for Your Insurance Broking Business?

Single dashboard view of all customers

Reduced manual labor with digitized operations and workflows

Increased efficiency and productivity

Superior process automation and management

Improved customer relationships

Better communication with insurance carriers

Insurance Insights

FAQs

With the insurance industry moving towards hyper-automation, brokers and MGAs are looking for methods to reduce time and increase efficiency. Further, customers have come to expect features such as a mobile app and a customer portal. BrokerEdge is an insurance broker software that comes inbuilt with features for the brokers as well as the customer.

BrokerEdge is an end-to-end insurance broking management software that addresses the needs of insurers, insureds, and brokers. The cost of the insurance broker systems software will depend on the features you select to meet the needs of your business.

No matter what your line of business – Property & Casualty or Employee Benefits (Health Insurance & Life Insurance), BrokerEdge is a comprehensive insurance broking management software that comes inbuilt with features that work for your business, which makes it the best insurance broker software for your insurance business.

BrokerEdge, our insurance broker software, enables life insurers to manage policy workflows faster and more efficiently. The insurance broker portal software provides a consolidated view of all policies, allows you to create and share multiple quotations easily, make data-backed decisions, and manage commissions from multiple insurers.

We understand how critical customer data is for your business, especially with employees working from home. We have designed this insurance broker CRM software to help you secure critical data easily. You can customize system configuration, add/delete/modify users, and control their access to your modules.