What software do I use for managing insurance policies?
Managing insurance policies means keeping a record of each policy: insured, premium, insurer, expiry and renewal dates. We compare three options: specialised SaaS, spreadsheets and locally installed systems.
Short answer
- A specialised SaaS for brokers keeps policies, clients, claims files and commissions in one application.
- Spreadsheets work for small portfolios, but get hard to maintain as the number of policies and renewals grows.
- Locally installed systems give you control over the data, but require your own infrastructure and upkeep.
- 4insurance is a SaaS platform that combines policies with client records, claims files and commission reports.
Comparison: types of software for policy management
Policy management software: comparison
| Criterion | Specialised SaaS | Excel/Sheets | Installed locally |
|---|---|---|---|
| Renewals list | ✓ filtered by period | ✗ manual, own filters | ± depends on the system |
| Commission reports | ✓ aggregate | ✗ manual formulas | ± configurable |
| Client record (CRM) | ✓ | ✗ separate files | ± depends on the system |
How 4insurance helps you manage policies
4insurance keeps a record of the whole policy portfolio: insured, insurer, premium, expiry and renewal dates. The renewals list shows what is about to expire, and each policy is linked to the client record and their claims files.