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Insurance Company

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Insurance Company Software Process and Reports
Download Online Insurance Apps Developed by Mindware Systems
Insurance Software - Accounting Module Process And Reports
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01Insurance Company

Main Module Details

  • Marine
  • Motor
  • Fire
  • All Risks
  • Cash in Transit
  • Plate Glass
  • Burglary
  • Personal Accident
  • Public Liability
  • Computer All Risks
  • Fidelity Guarantee
  • Hospitalization
  • Employees Compensation
  • R/I Accident
  • Bankers Bond

Claims

  • Claim Entry (Fire, Marine, Motor, Burglary … )
  • Claim Register
  • Claim Payment
  • Claim Recovery

Special Program for Motor Claims

  • Police Report Forms
  • Notice to Claimants
  • Claims List (for Renewals)
  • More than one claim for any policy Report
  • Claim in Excess of any amount Report
  • Discharge Form
  • Cancellation of Policy Letter
  • …………….etc

General Ledger

  • Chart Of Account
  • Sub Code
  • Bank Accounts
  • Diarized Journal(Define)
  • Diarized Journal
  • Recurring Journal(Define)
  • Recurring Journal
  • Accrual Journal

Broking

  • Direct Payment to Underwriters
  • Direct Payment by Agent

Receipt

  • Sundry Cash Receipt
  • Receipt
  • Multi Debtor Receipt
  • Receipt Cheque written back

Payment

  • Expenses Invoice (Add transaction)
  • Expenses Invoice (Payment)
  • Expenses Cheque Written Back
  • Agent (Payment)
  • Payment Cash Book
  • Payment Cheque Written Back
  • Refund To Client

02Modified to your requirements

Main Functions

  • Direct & Re-Insurance Policies
  • Policy Schedules
  • Certificate of Insurance
  • Policy Debit Notes
  • Cover Notes
  • Open Cover
  • Automatic Premium
  • Endorsements (10's of Auto endorsements)
  • Endorsement Debit / Credit Notes
  • Original Policy Register after Endorsement
  • Expiry Notices
  • Multi Currency Register
  • Client Registers
  • Agents & Brokers Register
  • Premium Registers for (any period, Direct/Broker/Agent wise)
  • Outstanding Premium Register
  • Agent / Broker Statement
  • Clients Statement
  • Clients Outstanding
  • Posting to Accounts
  • Paperless office

Accounts

  • Payment Vouchers (Cash/Bank)
  • Receipt Vouchers (Cash/Bank)
  • Expenses Vouchers
  • Journal Voucher
  • Journal Day Book
  • Debit / Credit Note
  • Multi Currency
  • Monthly comparison Statement of (Premium, Commission, Incurred Claim, Management Expenses, Reserve Strain, Under Writing Profit / Loss, Investment income, Net Profit / Loss)
  • Premium & Commission Ledger (DIR, RIC & RIA)
  • General / Financial Ledger
  • Trial Balance
  • Profit and Loss Statement
  • Balance Sheet Statement
  • Accounts Receivable Statement
  • Accounts Payable Statement

Account Receivable

  • Allocate Open items
  • Receipt Vouchers (Cash/Bank)
  • Journal Debit
  • Journal Credit
  • Customers

Account Payable

  • Allocate Open items
  • Journal Credit
  • Journal Debit
  • Foreign Exchange Rate
  • Suppliers
  • Creditor's cash Receipt

Journal Voucher

  • Normal Expense Transaction)
  • Underwriters Transaction
  • Client Transaction

Claims

  • Claims Intimations
  • Claims Payments
  • Claims Registration

Scan all your documents Proposal Forms, Schedules, CI’s, Endorsements, claims and link them to policies so that you don’t have to search hard copies

  Renewal Notice Payment reminders

Software can be modified as per your requirements. For additional information, software demonstration and to find out more about MS's software services, contact our sales representative at (852) 5323 5283.

03Reports

General Ledger

  • Account Movement Summary
  • Transaction Audit Trail
  • Bank Accounts Listings
  • Chart of Account List
  • Creditors Transaction List (Non-Trade)
  • Detailed Monthly Income Report by Division
  • General Ledger Details (Monthly)
  • General Ledger Details by chart of account
  • General Ledger Details by sub-account
  • Trial balance
  • Profit and Loss Statement
  • Balance Sheet General Ledger

Account Payable

  • Active Policies by Agent
  • Active policies by Sub Agent
  • Agent List
  • Creditor Age Analysis
  • Creditor Transaction List
  • Creditor Trial Balance
  • Open Item Register Summary for Currency by Creditor
  • Statement of Account


04Other Insurance Reports for Insurance Company

Premium Reports

  • Premium Booked Details (Not a Report)
  • Premium Booked Summary Agent
  • Premium Booked Summary Dept
  • Premium Booked Summary of Agent and Dept (Not a report)
  • Premium Outstanding broker
  • Premium Register
  • Premium Register as per Motor Program by Agent / Broker
  • Premium Summary by Agent / Broker
  • Premium Summary by Vehicle Type
  • Previous Balances Details
  • Statement by Agent with Agent & Sub-Agent Commission
  • Statement by Agent with Agent Commission
  • Statement by Agent with Sub-Agent Commission
  • Statement with Payments by Agent / Broker
  • Top 10 Insureds
  • Total no of Policy excluding cancelled for the period by Vehicle Type (details)
  • Total no of Policy excluding cancelled for the period by Vehicle Type (summary)
  • Endorsement not transfered
  • Premium Booked Summary Dept
  • Gross Premium Monthly Vehicle Wise
  • Gross Premium Monthly Vehicle Wise & UW year wise
  • List of Comprehensive cover Policies without Sum Insured
  • List of records without Vehicle Type
  • No of Policy In Force (details)
  • No of Policy In Force by Vehicle Type (summary)
  • Outstanding Premium Details
  • Outstanding Premium Summary by Agent / Broker
  • Outstanding PremiumSummary Over and within 3 Months
  • Paid more or less than actual amount
  • Payment comparison Receipt and Policy Register
  • Policies not transfered
  • Pre-Endorsement Policies not transfered

Incurred Claims Reports

  • Incurred Claims - Department wise
  • Incurred Claims - Broker wise
  • Incurred Claims - Claim wise
  • Incurred Claims for Risk Profile
  • Incurred Claims Summary Vehicle wise
  • Incurred Claims Count Vehicle wise
  • Incurred Claim Vehicle & Cover Wise Count

Other Claims Reports

  • OD Net Estimated Claims group by Sum Insured
  • Closed Files
  • Files with Solicitors
  • Intimated Group By Amount
  • Intimated
  • Paid-Recovery Group By Amount
  • Paid-Recovery
  • Paid Group By Amount
  • Claims which need HO Review
  • Paid
  • List of Claims to be closed
  • Claims O/S as on Today
  • Number of Claims O/S as on
  • Claim in Excess
  • Paid
  • Closed files / Claims Settled
  • Incurred Claims Details - Claim Intimate
  • Incurred Claims Details - Claim Recovery
  • Client Premium / Claim

Account Receivable

  • Active Policies By Insured
  • Customer Age Analysis
  • Customer Transaction List
  • Customer Trial Balance
  • Customer list
  • Open item Register for unallocated Items
  • Statement of Account

Receipt

  • Direct Payment by Agent/Broker
  • Payment by Insured
  • Sundry Cash Receipt
  • Bank Deposit Slips
  • Daily Receipt Listing
  • Offical Receipt
  • Offical Receipt Office Copy

Voucher

  • Accrual Journal Voucher
  • Claim Disbursement Voucher
  • Diarized Journal Voucher
  • Miscellaneous Disbursement Voucher
  • Recurring Journal Voucher

Commission Reports

  • Commission Summary Vehicle wise
  • O/R Commssion Summary Vehicle wise
  • Office Allowance Summary Vehicle wise
  • (Commission && O/R Commssion )Summary Vehicle wise
  • (Commission, O/R Commssion & Office Allowance) Summary Vehicle wise
  • Commission Summary Agent
  • Commission Summary Department
  • Compare O/R Commission

Claim Payments

  • Payment details
  • Payment details - Claim wise
  • Claim ( Paid , OS) and Premium Policy UW Year wise
  • Exhibit G: Premium Liabilities Comparision
  • Payment Summary Vehicle wise
  • Payment Details Vehicle wise
  • Payment Details with RI Payment
  • Net Paid Accident Year, Vehicle, Policy UW year

Vouchers Summary

  • Expenses Vouchers by A/C Code
  • Claim Payment Vouchers by A/C Code
  • Transfer Vouchers by A/C Code
  • Receipt Vouchers by A/C Code
  • Receipt Vouchers

Outstanding Claims

  • Claims Vehicle & Cover Wise
  • Claims Vehicle wise
  • Clients Outstanding
  • Net Case Reserves Accident Year, Vehicle, Policy UW year
  • Outstanding Claim - Broker wise
  • Outstanding Claim - Department wise
  • Outstanding Claim summary
  • Outstanding Claim summary - Year wise
  • Outstanding Claims
  • Outstanding Claims (Detailed)
  • Outstanding Claims (Detailed) - Year wise and Start To End
  • Outstanding Claims Count Vehicle wise
  • Outstanding Claims Summary Vehicle wise
  • Outstanding Claims Vehicle & Cover Wise Count

Insurance Authority Reports

  • Form 1 - DIRECT BUSINESS REVENUE ACCOUNT
  • Form 1A - DIRECT BUSINESS REVENUE ACCOUNT (SUPPLEMENTARY INFORMATION)
  • Form 2 - REINSURANCE BUSINESS REVENUE ACCOUNT
  • Form 2A - REINSURANCE BUSINESS REVENUE ACCOUNT (SUPPLEMENTARY INFORMATION)
  • Form 3 - DIRECT BUSINESS REVENUE ACCOUNT
  • Form 4 - REINSURANCE BUSINESS REVENUE ACCOUNT
  • Form 5 - INSURANCE BUSINESS - STATISTICS OF STATUTORY BUSINESS
  • Form 6 - CLAIMS PAID STATISTICS (GROSS)
  • Form 7 - OUTSTANDING CLAIMS PROVISION (GROSS)
  • Form 8 - CLAIMS PAID STATISTICS (NET)
  • Form 9 - OUTSTANDING CLAIMS PROVISION (NET)
  • SUPPLEMENT TO FORMS 2 & 4
  • EC1 - Premium and Exposure Information
  • EC1 - Gross Claims Paid During the Period (Accident Year Basis)
  • EC1 - Gross Outstanding Claims Provision as at End of Period (Accident Year Basis)
  • EC1 - Gross Outstanding Claims Provision as at End of Period (Accident Year Basis)
  • MV1 - Premium and Exposure Information
  • MV2 - Page 1 - Gross Claims Paid During the Period (Accident Year Basis)
  • MV2 - Page 2 - Gross Claims Paid During the Period (Accident Year Basis)
  • MV3 - Page 1 - Gross Outstanding Claims Provision as at end of period (Accident Year Basis)
  • MV3 - Page 2 - Gross Outstanding Claims Provision as at end of period (Accident Year Basis)

Every policy / debit note, payment, adjustment can be transferred to Accounting system immediately. The most updated financial information always remains at your fingertip.