Broker

The broker management system allows the Insurer complete control over the Broker / Intermediary relationship.

The system is hierarchical in structure allowing Individual Brokers or Groups of brokers to be established with associated analysis of statistics both by Broker and Broker Group. Factors such as commission level can be applied at a Group or Broker Level giving the Underwriter better control of rates for Brokers based on performance or business volumes.

Each broker entity can be assigned multiple financial accounts. The products, defined within the rating engine, determine which account is used when a transaction takes place. The accounts can also be in multiple currencies. The currency of any given transaction is also defined within the product.

Aged debt analysis as well as portfolio analysis is available from the Broker screens.
A full correspondence history is maintained at Broker level.