General Insurance Systems for Brokers

General Insurance Systems for Brokers need a comprehensive insurance accounting module to provide full accounting support of all financial transactions. This insurance accounting module should include a “Terms of Trade” mechanism within the accounting module that encompasses any contractual/commercial agreements between parties in the insurance process.

General Insurance Accounting Systems for Brokers Need to be Flexible

In order to relieve the broker of complete dependency on the carrier’s product development cycle, additional functionality should include a Product Manager tool that allows independent and rapid deployment of insurance products in house. The insurance accounting system should enable personal and commercial lines to be introduced in a variety of mono-line and multi-line packaged offerings, providing multiple coverage options.  This will enable the broker to address the time-to-market need while being proactive and responsive to market conditions. In this way the broker can take the initiative and lead the market with creative and flexible products.



Many insurance brokers have existing legacy applications so any general insuranceaccounting system for brokers will need to integrate with existing legacy applications, as well be able to be rolled out in a modular, component-based format suitable for vertical integration.

General Insurance Accounting Systems for Brokers

An effective general insurance accounting system for brokers should include the following operational features:

• Rapid integration with legacy systems



• Phased implementation of selected modules



• Fast Time to Market via diversified channels



• Single point of entry



• Collaborator partnerships with affinities, co-insurers, brokers, agents and service providers



• Full range of personal, commercial and specialty lines of business



• Innovative mono-line and multi-line packaged offerings



• Automated, effective, efficient processes



• The broker to become a one-stop-shop for all of their customers needs



• Advanced CRM and relationship oriented



• Customer centric approach

The insurance broker needs to be able to provide partners, such as a distributed sales-force, agents, carriers and service providers, controlled access to the system’s functionality with restricted and highly secure access to their related data.  The various parties in an insurance business network need to have the freedom of either utilising the system components or integrating them with their own systems.

JMR Consulting UK Ltd and IDIT IDI Technlogies

JMR Consulting UK Ltd and IDIT IDI Technologies are working together to bring the IDIT general insurance software solution to the UK Market.  To find out more about the IDIT solution, please get in touch by using the contact form,  sending an email to info@jmruk.com or calling us on 0845 052 0900.

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