Insurance Management System (IMS)
Designed specifically for MGAs, program administrators and carriers, Insurance Management System (IMS) is a full-featured, scalable policy administration system. IMS includes everything you need for end-to-end policy lifecycle management, from rating, insured tracking and clearance, company and market management, complete accounting module (general ledger, invoices, commissions, payables and receivables, even foreign currency), document forms management, robust reporting, comprehensive claims management, electronic storage of any digital documents and more. IMS integrates with NetRate, other rating vendors or you can create your own rating tools. Seamless web services integration with other systems extends the functionality of IMS, for applications such as self-service portals or electronic bill payments.
Quote, bind, endorse, invoice and issue policies.
Insured tracking adn clearance to facilitate data entry for each new piece of business.
Company and market management.
Accounting - payables and receivables, broker/agent/producer tracking, automatic invoicing at time of binding, general ledger, commissions payables, bank management and budgeting.
Document management of policy forms.
Reporting, such as a bordereau report or any carrier-requested reports.
Integrated claims module.
Electronic storage of digital documents.
Custom enhancements to address current and future business needs.
IMS was built by industry experts and highly skilled Microsoft developers, with decades of real world insurance and technology expertise, specifically for the MGA, program administrator and carrier marketplace.
IMS includes everything you need immediately for end-to-end policy lifecycle management. IMS is a full-featured software package with a proven low cost of ownership because you start with just what you need. Then, IMS grows with you in the future with customizations designed to address your business requirements.
Our updates are client driven. The IMS product roadmap is driven by client request, not what we feel might be useful. Our product was developed using Microsoft's inheritance model. Working from a single common code base, we can modify functionality client-by-client for a quick response to enhancement requests.
IMS has open APIs to integrate with NetRate as well as other third-party raters, portals, electronic bill payment applications and much more.