For those of you thinking about starting your own insurance agency, you will undoubtedly come across a need for software to manage your business. Insurance Management Software, or IMS, is a web based software that insurance agencies use to organize their book of business. Usually, Insurance Management Software is built for specific insurance markets within the industry, such as life and health, commercial or property and casualty insurance.
In recent years, there has been a significant shift in how life and health insurance agencies manage their books of business. In this move, agencies are switching to customized insurance management software to manage their policies and away from a traditional CRM.
A CRM is a generic system built to adapt to the needs of many different industries. It can have a lot of capabilities, but you must put in the time to customize those capabilities to fit your needs. Additionally, those customizations often come with a hefty price tag. Contrast this to an Insurance Management Software that is already built to accommodate the needs of the insurance agent.
The major benefit with an Insurance Management Software is the fact it’s already built for your specific industry niche. For example, CaptaIMS is built to suit the needs of the life and health insurance industry as well as the commercial insurance market.
Insurance is a very complex business that requires companies to manage existing customer policies, renew them, and address customer queries with quick resolutions. As there are a plethora of steps involved in fulfilling these insured needs, it becomes essential for insurance organizations to manage their day-to-day operations. Insurance management software stands at the nexus of assisting carriers, agencies, brokers, and agents in managing operational tasks while saving big time on cost.
CaptaIMS is a scalable insurance platform designed to help Insurers achieve maximum benefits through its customizable modules or verticals. This easy-to-use Insurance management software has the industry’s most efficient insurance processing functions for multiple lines of business. If you would like to participate with a 30 Day, No Obligation, Free Trial, click here.