Insurer2000 Overview

The complete insurance administration, analysis and accounting system

Insurer2000 is a fully integrated system, providing support and management facilities for every process involved in the insurance administration lifecycle, from recording initial enquiries, through quotation and policy production, to accounting and statistical analysis. It delivers a unique combination of comprehensive facilities for agents, underwriters, brokers and intermediaries, supporting multi-user and multi-site operation, yet remains simple and intuitive to use.

Immediate benefits

Insurer2000 delivers immediate benefits by reducing clerical and administrative work to a minimum. Being backed by a sophisticated relational database, with an inbuilt understanding of your insurance information, it learns about your book of business as you enter it, and makes intelligent suggestions wherever possible, thus saving you both time and effort, and improving the quality and integrity of your information. In addition, because it is fully integrated, you need never enter information more than once.

Longer-term benefits

Insurer2000 delivers long-term benefits by providing a wide range of flexible analysis and reporting tools. Because it is a fully integrated system, these tools operate on the widest and most complete information possible, and can therefore present the most accurate overall picture of your business, as well as identifying trends in the broadest range of individual areas.

Ease of use

Insurer2000 is very ease of use (consistency and simplicity having been key design constraints throughout its development). For example, to simplify the system and reduce the learning curve for new users, the same forms are used both for data entry and for browsing. Similarly, all forms can be displayed either in "form view" (showing the full details of a single record) or in "datasheet view" (showing a tabular list of many records).

Insurer2000 provides all of the graphical user interface features you would expect to find in a well-designed windows-based application (e.g. menus, tool bars, scrolling windows, pull-down lists, etc…), but also consistently provides a number of intuitive additional facilities, such as counts of related information. For example, the policy form shows a count of related invoices (debit and credit notes). Double-click on the count and those invoices are automatically selected and displayed in the invoice form (ready for browsing, amendment, deletion, etc…). Likewise, double-click on the name of the assured on the policy form and that assured is displayed in the contact form, with full contact details, and its own counts (e.g. number of policies, invoices, etc…). Even more powerfully, these intuitive automatic selections (in combination with other selection methods if required) can be cascaded from one form to another, and/or used as the basis of analysis reports.

Document production

Insurer2000 provides easily extensible (template-based) automated document production facilities, helping you to produce complete, consistent and attractive customer documentation as quickly and easily as possible. For example, it automatically compiles a library of policy conditions and clauses that are then invoked as you enter subsequent data, reducing typing to a minimum. But also, because all of the information you enter is stored in a powerful relational database, you can search for and retrieve information (and analyse and report on it) with the utmost ease and efficiency.

Multi-currency

Insurer2000 supports full multi-currency operation. Premium and claims amounts can be recorded, invoiced and settled in any currency. They can subsequently be analysed in either the same currency or a different one. Amounts will be converted automatically where necessary (by triangulation via any currency you require, including the Euro) using the exchange rates you specify.

Double-entry accounting

Insurer2000 automatically generates full double-entry accounting information (ledger entries) from your insurance premium and claims information as it is entered (and maintains it in parallel, tracking any changes), so that both underwriting and accounting analysis can be meaningfully performed at any time.

Integration

Insurer2000 can communicate in a number of ways, including traditional printed documentation, but also via automated "desktop faxing", e-mail, etc…

Insurer2000 integrates seamlessly with other applications (e.g. Microsoft Word and Excel), providing a wealth of opportunities for enhancement and customisation.

Broad coverage

Insurer2000 manages a very broad range of insurance information types, including the following.

  • Enquires
  • Quotes
  • Policies (including cover notes)
  • Products (including binding authorities, master covers and policy templates)
  • Re-insurance (including facultative, excess loss and quota share)
  • Policy conditions (including interests, limits, deductibles, rates, premiums, etc…)
  • Invoices (including deposit or initial premium in full, or by instalments, declarations and adjustments, etc…)
  • Premium splits (including brokerage, tax, etc…)
  • Debtors statements
  • Payments (including premium, re-insurance, claims, etc…)
  • Claims
  • Contacts (e.g. assured, surveyor, solicitor, recovery agent, etc…)
  • Correspondence (in any format, including word-processing documents, imaged documents, etc...)
  • Currencies
  • Ledgers

Advanced facilities

Over and above basic information storage and retrieval, Insurer2000 provides the following additional facilities

  • Policy endorsement (and cancellation)
  • Policy renewal
  • Multiple products (policies under different binding authorities or master covers, which may have differing premium splits)
  • Extensible range of policy details, to cater for classes of business including liability, cargo, etc…
  • Claim checking (e.g. against limits, dates, etc…) and authorization tracking
  • Generation of premium Invoices (including instalments and declarations) from policy
  • Automated allocation of invoices to statements
  • Automated document production for policies (both full schedules, and endorsement changes only)
  • Automated document production for invoices
  • Automated document production for statements
  • Automated allocation of statements and/or invoices to payments
  • Underwriting statistical and bordereau reports (including triangle/ladder statistics, policies written/quotations summary, premium bordereau, claims bordereau, etc…)
  • Full and comprehensive IBA double-entry accounting system
  • Premium accounting splits for broker, underwriter, etc…
  • Handling of multiple currencies
  • Accounting reports (including trial balance and debt aging reports)
  • Comprehensive browsing and “drill down” facilities

Increased efficiency

In summary, Insurer2000 has been carefully designed to increase efficiency by a number of means, including the following.

  • Automation
    Insurer2000 reduces manual effort by supporting full automation wherever possible (but avoids being overly restrictive by also allowing partially or fully manual operation wherever appropriate), e.g. automated generation of full double-entry ledger records for invoices and for payments, automated generation of statements, etc...

  • Single-entry
    Insurer2000 minimizes re-keying of information, through the use of sophisticated relational database technology (including enforced referential integrity and cascaded updates, where appropriate). Information is stored in a highly-structured logical format that avoids unnecessary duplication, improving both the consistency and integrity of data.

  • Cross-reference
    Insurer2000 always validates and cross-references information as it is keyed in, and by providing pull-down lists and intelligent look-ahead facilities, it further reduces the amount of typing required.

  • Re-use of information
    Because Insurer2000 provides such a wide range of integrated facilities (including document production, accounting, underwriting analysis, etc...), it provides the greatest possible return on your investment in data entry.

  • Accuracy
    Because Insurer2000 provides accounting and underwriting analysis facilities directly from the live database, it ensures that results are based on the most complete and current information possible, helping to ensure informed management decisions can be made.

Ask for a demonstration and see the benefits for yourself.
MailTo: info@merrison.co.uk
Tel: 07767 823042