By keeping the activities and requirements of an Insurance Broker in mind we have developed the software named “Simson's Accountant for Insurance Brokers and Agents (SAIBA)” for back office management of an Insurance Broker.

Existing SAIBA software for Insurance Brokers and Corporate Agents is available in two variants. :

• SAIBA Desktop Version
  • Offline version, Works in client server environment in LAN
  • Suitable for the brokers operating from five or less locations.
  • Developed in Visual Basic 6.0,
  • Database used Microsoft SQL Server 2005 (one of the most trusted database in the world.
  • Reporting is through Crystal Reports 8.0. You may export any report to Microsoft Word, Excel, Access, Lotus or RTF
• SAIBA Online
  • Web based replica of SAIBA Desktop version.
  • Developed in asp.Net Framework 3.5,
  • Database used is Microsoft SQL Server 2005
  • Reporting through Crystal Report 12.0, which enables users to get versatile reports.
  • Reports can be exported to PDF, MS Word, Excel, or RTF
  • Quotation management system is an added feature in this version.
  • You may also provide access to your customers to view their portfolio and claim status.

Our Insurance Broking Management Software SAIBA is being used by more than 80 Insurance Brokers in India for their back office management needs as well as sales force management needs. Apart from Insurance Brokers there are many Corporate Agents who are using SAIBA.

This existing software for insurance brokers SAIBA is broadly divided into 5 integrated modules, which are:

1. Customer Acquisition and Relationship Management System (CARM):
• Import customer database from excel file.
• Tele-calling to customers
• Marketing executive activity tracking, manage travel expense and manage customer history
• Performance & costing analysis for branch managers, marketing executive and tele-callers based on targets, salary, expense and business done
• Leads Management
• Specific Campaign managements
• Prospective Business Management
2. Quotations Management System:
   • Available only in Online Version of SAIBA
   • Preparation of Broker Slip
   • Sending Slips to Insurer for Quotations
   • Receiving Quote from Insurer
   • Comparison up to 5 broking slips based on quotation and insurers credentials.
   • Sending Comparison of Quotes to Customer
3. General Insurance (Non-Life Insurance):
   • Cover note book Management
     • This module of our insurance brokers software SAIBA is designed to keep track of each and every leaves of a cover note book once you receive it from insurer till it is return back.
   • Business Profile Management
     • This section of insurance broking software SAIBA is to manage policy details, which includes :
     • Policy data entry to system,
     • Endorsements if any,
     • Installment payments for multi-installment policies,
     • Dispatches of proposal forms, Cheques and other related documents to insurer,
     • Dispatch confirmations,
     • Policy status tracking.
     • Policy no entry and policy dispatch to the customer
     • Customer vs Insurer and Broker vs. Insurer float management.
   • Commission Reconciliation
     • This section of our insurance brokers software takes care of brokerage reconciliation part in general insurance section. Which includes:
       • Bill generation to insurers
       • Receiving brokerage and service tax from insurers
       • Reconciliation
       • Pendency reporting
       • Generating supplementary billings if any
       • Income and profit analysis
       • Different analysis reports for your branches, Area, regions, marketing executive and clusters
       • TDS reports
       • service tax reports
   • Renewal Reporting
     • This section of Insurance Brokers software SAIBA is for tracking renewals of policies. This includes :
       • Area wise, executive wise, departments wise, branch wise etc reports for due renewals
       • Renewal reminders
       • Renewal request letters through mail, email and sms.
   • Claims Management
     • Claim management is also very important section of our insurance brokers software SAIBA. This includes:
       • Different forms for managing health and non-health claims.
       • Step wise reporting of claims to know exact status of claims.
       • Claim ration and and claim ageing analysis
       • Insurer wise, branch wise, department wise claim analysis.
• IRDA Reporting
  • This section of our insurance brokers software SAIBA enable you to generate various reports for IRDA for general insurance section.
4. Life Insurance:
   • Business Profile Management
     • This section of insurance broking software SAIBA is to manage policy details, which includes :
     • Policy data entry to system,
     • Endorsements if any,
     • Installment payments,
     • Dispatches of proposal forms, Cheques and other related documents to insurer,
     • Policy status tracking.
     • Policy no entry and policy dispatch to the customer.
   • Premium Payments Reporting
     • This section of Insurance Brokers software SAIBA is for premium payment tracking of policies. This includes :
       • Area wise, executive wise, departments wise, branch wise etc reports for due premium
       • Premium reminders
       • Premium request letters through mail, email and sms
   • Commission Reconciliation
     • This section of our insurance brokers software takes care of brokerage reconciliation part in life insurance section. Which includes:
       • Bill generation to insurers
       • Receiving brokerage and service tax from insurers
       • Reconciliation
       • Pendency reporting
       • Generating supplementary billings if any
       • Income and profit analysis
       • Different analysis reports for your branches, Area, regions, marketing executive and clusters
       • TDS reports
       • Service tax report
   • Money Back Reporting
     • This section of insurance brokers software SAIBA enables you to track money back policies, so you may intimate your customers about refund and you may assist them in the same.
   • IRDA Reporting
     • This section of our insurance brokers software SAIBA enable you to generate various reports for IRDA for life insurance section.
5. Office Management:
   • File Management
     • Our insurance broking management software SAIBA assist you in managing physical files or box files. You may keep the files and its document details in SAIBA and get the system generated file number.
     • Store files based on system generated file numbers
     • Track movement of file and find physical location of your files.
   • Inward/Outward Document Management
     • This section of our insurance brokers software SAIBA help you in tracking of inward and outward couriers and packets from or to your office.
     • Manage courier company billing
     • Analysis of inward and outward documents