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5 Ways Insurance Brokerage Software can Streamline your Business and Ensure IFRS Compliance

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The world of insurance brokerage can be fast-paced and demanding. From managing client details to tracking policies and commissions, staying organized is crucial for success. This is where accounting software designed specifically for insurance brokers comes in. More than just crunching numbers, this software streamlines your entire operation and ensures compliance with International Financial Reporting Standards (IFRS). Here’s why having the right accounting software for insurance brokers is essential. Table of Contents •           Introduction •          Core Features •          Financial Strength •          Specialized Features •          Agiliux for Brokers •          Conclusion Core Features Tailored for Insurance Brokers •           Client Management: Maintain a structured database with comprehensive client details, including contact information, purchased insurance plans, premium payments, and claim history. •           Insurance Policy Management: Effortlessly create, renew,
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What is Insurance Broker Software and Which One Suits Your Needs the Most

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An Insurance brokers act as intermediaries between the insured and the insurance company. They are responsible for filing claims, distributing premiums and any other administrative tasks required by an insurer. Brokers are often experts in their field, meaning they know everything there is to know about their product as well as being familiar with what other products have to offer. Insurance brokers are experts in the insurance industry and can help you find the right type of insurance for you or your business. They are agents that work on behalf of an insurance company. They do not work for the customer, they work for the insurance company and their job is to find new customers. They can help customers find a policy, make sure they have everything they need, and offer advice. What Is Insurance Broker Software System? Insurance broker software is the backbone of the brokerage system . Inbound and outbound transactions, client data and customer service are all managed through this soft
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Location: 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom
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Cloud Based Solutions Can Help Insurers Mitigate the Effects of Pandemic Outbreaks

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Moving to the cloud allows insurance companies to invest their time and money in developing new products, services, and technology. As a result, they can handle difficult challenges better by revisiting their strategies with fresh ideas. The recent global virus outbreak has been getting a lot of attention from businesses. The insurance industry, many banks and other many financial firms have been affected. The companies’ customers will want to know that their solutions also work during a crisis event. The widespread effects of the coronavirus are an important reminder about the vulnerability behind any system and how unpredictable threats can affect them . Crises such as natural disasters and terrorism can weaken unprepared businesses without adequate business continuity policies in place. Insurers that have on-premise, legacy systems or data centers will find it harder to deal with challenges of this unprecedented pandemic due to their dated infrastructure. This is in contrast t
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Location: 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom
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Reasons to Adopt CRM in Your Insurance Business

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A  CRM (Customer Relationship Management) software  is a type of software used to keep track of your relationships with customers. Some companies use them to keep track of their employees’ performance reviews, while others use them to help promote and grow business. Whether you’re looking for insight on your sales or business, customer relationship management can be powerful. A CRM can give you insights into how your customers feel about your business, what might impact their buying decision, and even encourage communication with them. Be sure to check out our list of reasons to adopt a CRM in your insurance business! Boost sales and lead generation Adopting a CRM (Customer Relationship Management) system for your insurance company can significantly boost sales, lead generation, and customer satisfaction. It can also help you cut down ineffective expenses and improve communication with your customers. It is important for your business to collect and analyze customer data. This he
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Location: 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom
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Agiliux at Insurtech Insights Europe 2024. Get free passes worth £1000!

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The world is rapidly going digital in every way and the insurance industry across the globe is following suit too. Gone are the days of manually navigating through the nitty gritty of insurance operations as it is the time is to automate processes for better control, understanding and reporting. This is where we come into the picture! We at Agiliux offer state-of-the-art solutions for the end-to-end digitalisation of entire operations for insurance intermediaries. Whether you are an Insurer, Commercial Insurance Broker (Direct or Reinsurance), Insurance Agency, Banks or Insurtech, we offer customised solutions to meet your specific needs in a scalable and secured cloud environment. While digitalisation offers immense benefits, Agiliux recognises that the human touch remains vital in the insurance industry. Our solutions are designed to complement and empower commercial insurance brokers, not replace them. By automating tedious tasks and providing data-driven insights, we free up brok
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Location: 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom
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Lloyd’s of London Blueprint Two (BP2) upgrade July 2024

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  Unveiled in 2020, Lloyd’s of London Blueprint Two (BP2) upgrade will be released in two phases – July 2024 and April 2025, stands as a transformative initiative aiming to digitise the United Kingdom (UK) insurance market. Before understanding the possible impact of Blueprint Two (BP2) upgrade on the UK insurance industry there are so many questions that should be answered to have a holistic understanding about the Lloyd’s BP 2 upgrade. In this article, we will discuss all the relevant information in detail and find answers to the below questions. As a part of  insurance broking software in UK  insurance industry since last so many years I have not witnessed any event having a huge impact on millions of people. Before writing this article, we have gone through official website of Lloyd’s of London and studied numerous other articles published on Lloyds new upgrade to summarize few important details in this article. After reading this article, you will get enough value and if you have
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Location: 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom
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Reasons To Go With Cloud-Based Insurance Solutions

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The development of cloud computing has been an interesting advancement across various ventures lately. Insurance brokers and guarantors specifically are currently starting to relocate to cloud-facilitated arrangements to receive the rewards. The cloud offers an entire host of freedoms to those in the insurance business. By moving IT services and systems administration prerequisites to the cloud, organizations can profit with decreased expenses, more noteworthy dexterity, and more proficient client care. Why cloud-based insurance solutions are beneficial Cloud-based insurance solutions provide the following advantages: Cost-effectiveness Many brokers and guarantors can be attracted to the fact that cloud-based insurance solutions can be especially affordable. Cloud-based technology lets insurance agents spend time rather than on administration and more straightforward operational and marketing applications. In this instance, insurance agents are free to concentrate on the sales pitch,
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