Choosing the apps
Every app below brings the free foundation with it, so nothing has to be installed first by hand.
For an insurer
Insurance Management Software
Insurance software for an insurance company or takaful operator: insurance policy administration and policy management, underwriting and referral, insurance quote to bind, endorsements, premium rating, insurance billing and dunning, insurance claims management with reserves, policy renewal, and loss and retention analytics. Lines of business cover general insurance, motor insurance, life insurance and health insurance. An insurance ERP on BridgeERP, with an insurance CRM link to opportunities and insurance accounting in BridgeERP Accounting.
Insurance Certificates
Motor insurance certificate issue and control: the statutory motor certificate of insurance, COMESA Yellow Card and Green Card documents, controlled stock of numbered blanks with spoilage and reconciliation, issue and cancellation with the certifying authority, and a public QR page where anyone can verify a certificate. Vehicle insurance certificates for insurers and brokers.
Reinsurance Management for Insurers
Reinsurance software for an insurer's outward programme: quota share, surplus, excess of loss and stop loss treaties with their layers and reinsurer panel, facultative reinsurance, cession of the whole book in programme order, claim recoveries, and the premium and claim bordereau each reinsurer is billed from.
Insurance Reserving & IFRS 17
The actuarial close for a general insurer: paid and incurred loss triangles built from dated payments and reserve movements, chain-ladder development factors, ultimate and IBNR by origin period, and IFRS 17 measurement under the premium allocation approach: groups of contracts, the liability for remaining coverage (LRC), the liability for incurred claims (LIC) with its risk adjustment, and the onerous-contract test. IFRS 17 software and actuarial reserving in BridgeERP.
Kenya Insurance Localisation
Insurance Kenya localisation for insurers and brokers: IRA compliance, the statutory premium levy and the policyholders compensation fund levy, the Eleventh Schedule commission cap, the DMVIC motor certificate scheme, the cash-and-carry rule and the mapping to the Kenyan chart of accounts.
Burundi Insurance Localisation
Burundi insurance localisation for insurers and brokers: ARCA's five statutory levies on premium, the floor-and-ceiling commission bands for twenty-five classes, the cash-before-cover rule, and the ASSUR attestation on controlled stock beside the COMESA Yellow Card.
For a broker or agency
Insurance Agency & Broker Management
Insurance agency management and insurance brokerage software for insurance brokers, insurance agents and takaful intermediaries: book of business by client and by class, commission management with agreements and expected commission, carrier statement import, matching and reconciliation, the exception and not-received queues, policy renewal and x-dates, and production, retention and loss-ratio analytics. Insurance broker software on BridgeERP.
Insurance Commission & Producer Compensation
Insurance agent commission and producer compensation for agencies and brokers: commission plans and rate cards, payout runs and producer statements, production credit splits, upline overrides and sub-producer hierarchies, recoverable and non-recoverable draws, chargeback schedules and clawback, and withholding tax on commission. Commission management software for insurance producers.
Insurance Client Money & Trust Accounting
Insurance client money and premium trust accounting for brokers: a fiduciary chart of accounts, premiums payable to insurers on account current, the trust ratio and its alarm, the audited commission sweep to the operating account, premium finance agreements, and the broker compliance checks an examiner makes. Trust accounting and insurance accounting on BridgeERP.
For a group with an insurer and a brokerage
For a group that owns both an insurer and an insurance broker: own-group business, intercompany policies, intercompany insurance commission eliminated, carrier remittance read from the insurer's own records instead of a CSV file, and rating in the same database between the group's carrier and its brokerage.
What comes free
- The insurance foundation — classes of business, products, coverages, perils, the rating and levy engines and the country packs. It installs behind every app.
- Insurance Electronic Signature — Electronic signature for insurance: send a proposal, a claim discharge or a broker-of-record letter for signature with BridgeERP Sign from the policy or claim itself, with the signer filled in, the progress on the record and the signed document in its chatter
- Insurance Financial Reports — Insurance accounting reports: the Technical Account (gross written premium, movement in unearned premium, earned premium, claims incurred, acquisition cost, underwriting result) and the Insurance Position (premium receivable, unearned premium reserve, outstanding claims reserve, deferred acquisition cost) as native BridgeERP accounting reports
- Insurance Brokerage Financial Reports — Insurance brokerage accounting reports: Brokerage Revenue (agency-bill and direct-bill commission, contingent income, fee income, producer and sub-broker commission, write-offs, net revenue and the producer payout ratio) and the Brokerage Position (client premium receivable, commission receivable, premiums payable to insurers, producer commission payable) as native BridgeERP accounting reports
- Insurance Client Money Agency Integration — Insurance client money and agency management integration: the book of business policy on every premium payable and premium finance agreement