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 withBrokerEdge’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





Damco’s BrokerEdge Reviews









“BrokerEdge has been a perfect match for our organization. It's feature-packed software for insurance brokers. Boasting multiple modules and a user-friendly interface, it is truly a powerhouse.”


David E.






“We were looking for an all-in-one insurance broker CRM software when we came across BrokerEdge. After assessing its features and functions, we proceeded with the implementation and couldn't be happier. The software is intuitive to our needs, responsive, and always evolving.”


Rick H.






“BrokerEdge is an advanced tool with amazing post-implementation support. It is user-friendly, has custom report generation capabilities, and can scale according to our needs. It is a well-developed insurance broker software with high agility.”


Elle D’souza




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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 in-built with features for the brokers as well as the customer. If your business is dealing with multiple clients, carriers, and policies, and you are looking for a cost-efficient way to streamline your operations, then BrokerEdge is what you need. This insurance broker management software can automate a diverse range of tasks such as policy management, quoting, renewals, and customer service with ease, resulting in improved efficiency and reduced errors.

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. A more advanced version of BrokerEdge with additional functionalities requires more customization that can impact the costs. Moreover, there are certain setup fees/training charges that might be involved in some specific cases. For a detailed quotation, you can consult our insurance technology expert.

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. However, it is better to consider your unique requirements such as CRM integration, policy management, automation, and reporting capabilities. Consider the business size, users, and policy volume to be managed. Evaluate different software for insurance brokers available in the market and make the final call.

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. This insurance broker system essentially involves search and retrieve functionality, making it easier for brokers to locate specific documents instantly. Moreover, it also provides automated reminders for policy updates and renewals, ensuring that all documents are up to date.

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. As one of the leading insurance broker software solutions, BrokerEdge implements multiple protection layers, including secure access controls, encryptions, and regular backups to keep your business data safe. It also complies with industry standards and regulations like GDPR to ensure that the data handling practices meet the essential legal requirements.