- SARB - software for reinsurance brokers manages the enquiries received from brokers, generates slips for quotation, receiving quotes from reinsurers and collect data from brokers.
- It takes care of generating and sending debit note to brokers, collection and remittance of funds, claim intimations and settlement, analysis of business on different parameters etc.
- Reinsurance brokers software has separate modules of non-proportional and proportional treaty business. This section includes treaty placement details entry, management of single page and periodical statements.
- Software for reinsurance brokers assists you in office management. You can easily track movement of file and find its physical location.
- The section of Inward/outward document is managed by our SARB software. It helps in tracking of couriers and packets.
- SARB provides comprehensive management of all reinsurance business processes in very user friendly way.
- Integrated email, SMS and electronic document management to assist you in your day to day business to improve your efficiency.
- Various reports to enable you for better analysis and negotiations.
- State of the art reminder system for PPWs, closings and renewals.
- Various system generated documents like DN/CN, reinsurer balance statements, claim advises etc.
SARBOnline
For Reinsurance Brokers
Enhance Operational Process with Reinsurance Broker Software
SARB - reinsurance broker software solutions, an ERP specifically designed for reinsurance brokers, is the preferred choice among leading players in its category. Our software offers a single unified view of customers, efficiently managing their activities and opportunities. With full support for all types of reinsurance contracts – treaty and facultative, proportional, and non-proportional, reinsurance broking management software caters to the diverse needs of reinsurance brokers.
Our software for reinsurance brokers provides comprehensive support for all sales channels, including brokers, Point of Sales, Agents, Call Centers, and Direct Employees. Reinsurance broker management software enhances operational processes, management information, and audit trail systems, elevating the efficiency of reinsurance brokers.
Through integrated email, SMS, and electronic document management features, reinsurance broker management system assists brokers in their day-to-day business, improving overall efficiencies. MS-Word integration allows for the generation of key documents such as broker slips, quotation slips, placement slips, cover notes, endorsement slips, and addendum cover notes.
A state-of-the-art reminder system is in place for PPWs, Closings, subjectivity, and Renewals, ensuring timely and proactive actions. Moreover, our reinsurance broker software generates various system-generated documents, including premium closings, debit notes, credit notes, reinsurer balance statements, and Claim Advice.
At SARB, our software for reinsurance brokers have proudly served esteemed clients such as Marsh, Willis, Howden, KM Dastur, Prudent, Salasar, Pioneer, Mahindra, Toyota, UIB, Bharat Re, Indo-ARAB, BBI, BBM, GR Risk Partners, Synergy, Afro Asian, Zoom, and many others.
SARB Features
SARB is a comprehensive software has created a leading place in reinsurance broking Industry. It improves the quality and accuracy of work. Our reinsurance broking management system is specially designed to empower the brokers and agents with much flexibility and functionality.
Process Flow
Modules
Technologies
Admin Area
Major functions in admin area are:
- Creating users and their access rights.
- Creating various masters e.g. employee, branch, class and sub class of risk, reinsurer, cedants, banks, currencies, exchange rates etc.
- Creation and managing various templates for generating slips and cover notes.
- Creating various email and SMS templates for different sections and places.
- Setting up reminder patterns.
- Accounting setup.
Facultative
Major functions in facultative are:
- Comprehensive management of both proportional and non-proportional (XL) facultative business.
- Generating slips based on pre-defined templates for each class and sub class of business.
- Automated emails to selected reinsurer/brokers for quotation requests.
- All closings and cover notes generation from system through predefined templates and manuals.
- Full business process and claims management for both proportional and non-proportional facultative business.
- Various analytical and graphical reports in business currency, US Dollar and in your own currency.
- Electronic document management for all process documents and emails.
- State of the art reminder process for various stages and points.
Treaty
Major functions in facultative are:
- Comprehensive management of proportional XL treaties.
- Generating slips based on pre-defined templates for each class and sub class of treaties.
- Automated emails to selected reinsurer/brokers for quotation requests.
- Simplified system generated closings and periodical statements for reinsurer/ placing brokers.
- Full business process, claims and cash loss management for both proportional and non-proportional treaties.
- Various analytical and graphical reports.
- Track of all collections and remittance.
- System generated reminders for statements, renewals and settlement of treaty accounts.
SiFAMs
Major functions in facultative are:
- SiFAMs is our own developed multi-currency financial accounting system. which provides:
- Handy account payable and receivable reports.
- Rolling settlement of accounts in desired currency.
- Single statement of account through structured ledger reports for all inward and outward business and claims.
- Full integration with treaty, facultative business and claim process through automated vouchers.
- Trail balance, P & L, balance sheet, cash book, bank book and several other financial accounting reports.
- Export of vouchers and ledgers in Excel, CSV or PDF formats as required.
- Informs threshold limits to management and key account peoples on Mail.
FAQ’s
Frequently Asked Questions
Simson's software for reinsurance brokers offers a suite of features to enhance efficiency. CARM: Customer management and screening, Facultative and Treaty: Risk assessment and contract management, Finance: Transactions and Invoicing, Claims: Processing and Tracking, Endorsements: Policy modifications, Renewal: Policy updates, Grievance: Client issue resolution, MIS: Data reporting and insights.
Reinsurance broker software streamlines treaty management with dedicated modules for non-proportional and proportional business. It handles treaty placement details, periodical statements, and includes slip management for efficient tracking. This approach improves accuracy and optimizes the treaty management workflow.