You administer policies and claims on behalf of insurers. You have some direct clients but the source of your business is from brokers. At the operational level, your operations are similar to that of the insurer, often also required to handle your own reinsurances. The risk is carried by the principal insurer, so the premium and fees collected must be distributed to the risk carriers together with an analysis of the type of risks being paid, for each of the clients involved.

Your brokers expect world class products and an equally impressive service; when you issue quotations, policies, settle claims or remit commissions.

Your principal insurers expect a long term profitable return and you require relevant, critical and key information, always available at your fingertips, to measure portfolio performance and to assist in the decision making process.

The practical solution recommended is the Footprint Insurance Solution; slightly adapted from the base product because of a different role to that of the Insurer. Read More