--- title: "Best Insurance Software - 2026 Reviews & Pricing" description: "Find the best Insurance Software for your organization. Compare top Insurance Software systems with customer reviews, pricing, and free demos." source_url: "https://www.softwareadvice.com/insurance/" page_type: "category" language: "en" --- [Home](https://www.softwareadvice.com/) / Insurance Software Software Advice offers objective insights based on verified user reviews and independent product and market research. When our advisors match you to a software provider, we may earn a referral fee. # Best Insurance Software of 2026 Updated October 28, 2026 On this page 1. Popular Comparisons 2. Buyers Guide 3. Related Software Filter products 146 results ### Compare Products Showing 1 - 25 of 146 products #### Company Size - Self-Employed - 2-10 - 11-50 - 51-200 - 201-500 - 501-1000 - 1000+ #### Pricing Options - $$$$$ - $$$$$ - $$$$$ - $$$$$ - $$$$$ ### Compare Products Sort by **Recommendations**: Sorts listings by the number of recommendations our advisors have made over the past 30 days. Our advisors assess buyers’ needs for free and only recommend products that meet buyers’ needs. Vendors pay Software Advice for these referrals. **Reviews**: Sorts listings by the number of user reviews we have published, greatest to least. **Average Rating**: Sorts listings by overall star rating based on user reviews, highest to lowest. **Alphabetically (A-Z)**: Sorts listings by product name from A to Z. ### [Macaw](/product/266247-Macaw/) - Overall rating: 3.6/5 - Reviews: 22 - Free trial: Available - Free demo: Not available #### Overview Functionality Macaw AMS is a cloud-hosted Insurance Agency Management platform that supports end to end functions of Brokers, MGAs & Lloyds Coverholders. Both Retail and Wholesale [Read more](/product/266247-Macaw/) #### Features ##### Best rated features - Renewal Management: 5/5 - Billing & Invoicing: 5/5 - Quotes/Estimates: 5/5 - Policy Management: 4.8/5 ##### Worst rated features - Audit Trail: 3/5 - Activity Tracking: 3/5 - Broker/Agent Portal: 4/5 [See all features](/product/266247-Macaw/#key-features) #### Pricing ##### Custom - Price: Custom - Pricing available upon request - Price is decided based on number of users, products, the extent of support required among other [See full pricing details](/product/266247-Macaw/#pricing-and-plans) --- ### [Jenesis Software](/insurance/jenesis-agency-management-profile/) - Overall rating: 4.7/5 - Reviews: 286 - Starting price: $50.00/month - Best for: Small businesses - Free trial: Not available - Free demo: Not available #### Overview Jenesis is designed specifically for the independent insurance agency, offering a seamless platform to manage various aspects of insurance agency operations efficiently. Jenesis [Read more](/insurance/jenesis-agency-management-profile/) #### Features ##### Best rated features - Referral Tracking: 5/5 - Third-Party Integrations: 5/5 - Alerts/Notifications: 5/5 - For Insurance Industry: 5/5 ##### Worst rated features - Claims Tracking: 3/5 - Real-Time Updates: 4/5 [See all features](/insurance/jenesis-agency-management-profile/#key-features) --- ### [Applied Epic](/insurance/applied-epic-profile/) - Overall rating: 4.2/5 - Reviews: 142 - Starting price: $1,000.00one time - Best for: Customer support - Free trial: Not available - Free demo: Not available #### Overview Applied Epic is an agency designed to help insurance agencies improve their processes, offering a multitude of benefits and capabilities catering to unique business needs. The [Read more](/insurance/applied-epic-profile/) #### Features ##### Best rated features - Activity Dashboard: 5/5 - Sales Reports: 5/5 - User Management: 5/5 - Pipeline Management: 5/5 ##### Worst rated features - Quotes/Estimates: 2.6/5 - Insurance Rating: 3.3/5 - Workflow Management: 3.6/5 - Contact Management: 3.8/5 [See all features](/insurance/applied-epic-profile/#key-features) --- ### [EZLynx](/insurance/ezlynx-profile/) - Overall rating: 3.7/5 - Reviews: 75 - Free trial: Available - Free demo: Not available #### Overview EZLynx provides innovative insurance software that streamlines an agency’s workflow and manages the end-to-end policy lifecycle. Integrated into one platform, EZLynx Management [Read more](/insurance/ezlynx-profile/) #### Features ##### Best rated features - Lead Management: 5/5 - For Personal Insurance: 5/5 - For Homeowners Insurance: 4/5 - Third-Party Integrations: 4/5 ##### Worst rated features - API: 1/5 - Real-Time Data: 1/5 - CRM: 1/5 - Policy Management: 3.4/5 [See all features](/insurance/ezlynx-profile/#key-features) #### Pricing ##### Basic - Price: Custom - Pricing available upon request [See full pricing details](/insurance/ezlynx-profile/#pricing-and-plans) --- ### [ePayPolicy](/insurance/epaypolicy-profile/) - Overall rating: 4.9/5 - Reviews: 258 - Starting price: $25.00/month - Best for: Value for money - Free trial: Available - Free demo: Not available #### Overview ePayPolicy is a payment processing solution designed to help businesses in the insurance sector collect credit card and ACH payments from policyholders. The centralized dashboard [Read more](/insurance/epaypolicy-profile/) ##### What users love - Flexible and secure payment options - User-friendly and intuitive platform - Responsive and helpful support team ##### To take in mind - High transaction and service fees #### Features ##### Best rated features - Invoice Management: 5/5 - Recurring/Subscription Billing: 5/5 - Multiple Payment Options: 5/5 - Compliance Management: 5/5 ##### Worst rated features - Customizable Fields: 4/5 - Recurring Invoicing: 4/5 [See all features](/insurance/epaypolicy-profile/#key-features) #### Pricing ##### Basic - Price: $25.00/month [See full pricing details](/insurance/epaypolicy-profile/#pricing-and-plans) --- ### [Compulife Quote Software](/insurance/compulife-profile/) - Overall rating: 4.9/5 - Reviews: 61 - Starting price: $110.00/year - Free trial: Available - Free demo: Not available #### Overview Designed for the insurance industry, Compulife Quote Software is a web-based software that helps businesses with providing quotes for insurance offerings. Compulife Quote [Read more](/insurance/compulife-profile/) #### Pricing ##### Basic (Mobile Quoter) - Price: $110.00/year - This is a Mobile Quoter for 3 devices. The type of insurance products it can quote are; term life, ##### Standard (Website Quoter) - Price: $215.00/year - This Website Quoter plan is for your website to be in responsive web design format on top of the ##### Deluxe (Individual Agent PC Software) - Price: $220.00/year - This Individual Agent PC software plan includes 1 licensed agent, for insurance products to quote [See full pricing details](/insurance/compulife-profile/#pricing-and-plans) --- ### [Sembley](/product/450093-Sembley/) - Overall rating: 5.0/5 - Reviews: 40 - Starting price: $49.00/month - Free trial: Available - Free demo: Not available #### Overview Sembley is AI-powered intake and submissions software for modern agencies By combining document analysis, third-party data enrichment, and simple client-ready intakes, Sembley [Read more](/product/450093-Sembley/) #### Features ##### Best rated features - Activity Dashboard: 5/5 - Data Import/Export: 5/5 - Marketing Automation: 5/5 - Task Management: 5/5 ##### Worst rated features - Email Management: 1/5 - Third-Party Integrations: 3/5 - API: 3.5/5 - Lead Management: 4/5 [See all features](/product/450093-Sembley/#key-features) #### Pricing ##### Standard Annual - Price: $49.00/month - Unlimited forms, submissions and contacts plus 24/7 support and unlimited training. ##### Standard Monthly - Price: $59.00/month - Unlimited forms, submissions and contacts plus 24/7 support and unlimited training. [See full pricing details](/product/450093-Sembley/#pricing-and-plans) --- ### [A1 Tracker](/crm/a1-tracker-profile/) - Overall rating: 4.9/5 - Reviews: 84 - Starting price: $250.00/month - Free trial: Available - Free demo: Not available #### Overview A1 Enterprise provides a dynamic Enterprise Risk Management software "A1 Tracker" to secure a better future for your organization. Product is offered as cloud-based solution or [Read more](/crm/a1-tracker-profile/) #### Features ##### Best rated features - Asset Tracking: 5/5 - Vendor Master Data Management: 5/5 - Reporting/Project Tracking: 5/5 - Collaboration Tools: 5/5 [See all features](/crm/a1-tracker-profile/#key-features) #### Pricing ##### Enterprise - Price: $250.00/month - 5 User Minimum. Monthly and Annual Renewal Options. Implementation costs vary and may include: - [See full pricing details](/crm/a1-tracker-profile/#pricing-and-plans) --- ### [NowCerts](/insurance/nowcerts-profile/) - Overall rating: 4.8/5 - Reviews: 150 - Starting price: $99.00/month - Best for: Ease of use - Free trial: Available - Free demo: Not available #### Overview NowCerts is a cloud-based insurance solution designed for insurance agencies of all sizes. Key functionalities include commission tracking, task management, claims management, [Read more](/insurance/nowcerts-profile/) #### Features ##### Best rated features - Commission Management: 5/5 - Claims Management: 5/5 - Insurance Policy Management: 5/5 - Task Management: 5/5 ##### Worst rated features - Client Portal: 2/5 - Reinsurance Administration: 3/5 [See all features](/insurance/nowcerts-profile/#key-features) #### Pricing ##### Essentials - Price: $99.00/month - This plan only includes 1 user license. Additional user licenses are priced at $39. ##### Professional - Price: $149.00/month - This plan only includes 2 user licenses. Additional user licenses are priced at $39. ##### Business - Price: $295.00/month - This plan only includes 5 user licenses. Additional user licenses are priced at $39. [See full pricing details](/insurance/nowcerts-profile/#pricing-and-plans) --- ### [NextAgency](/commission/nextagency-profile/) - Overall rating: 4.9/5 - Reviews: 41 - Starting price: $85.00/month - Free trial: Available - Free demo: Available #### Overview If you run a life and health insurance agency, you know the pain of tracking down information. Maybe your current software is too rigid, too expensive, or you're juggling too many [Read more](/commission/nextagency-profile/) #### Features ##### Best rated features - Flat Commissions: 5/5 - Commission Scheduling: 5/5 - Percentage Commissions: 5/5 - Opportunity Management: 5/5 [See all features](/commission/nextagency-profile/#key-features) #### Pricing ##### NextAgency - Price: $85.00/month - NextAgency is a powerful agency management system featuring CRM, marketing, and optional commission ##### NextCommission Solo - Price: $160.00/month - NEXTCOMMISSION SOLO: PRICING NextCommission Solo is standalone commission tracking software for [See full pricing details](/commission/nextagency-profile/#pricing-and-plans) --- ### [Commence](/crm/commence-profile/) - Overall rating: 4.9/5 - Reviews: 44 - Starting price: $29.00/month - Free trial: Available - Free demo: Not available #### Overview Commence CRM is a cloud-based customer relationship management(CRM) solution that caters to small and mid-size businesses and helps them to manage communication with existing and [Read more](/crm/commence-profile/) #### Features ##### Best rated features - Contact Management: 5/5 - Interaction Tracking: 5/5 - Sales Pipeline Management: 5/5 - Quotes/Estimates: 5/5 ##### Worst rated features - Email Marketing: 4/5 - Social Media Integration: 4/5 - Internal Chat Integration: 4/5 [See all features](/crm/commence-profile/#key-features) #### Pricing ##### SalesCRM - Price: $29.00/month ##### MarketingCRM - Price: $39.00/month ##### Project management CRM - Price: $50.00/month [See full pricing details](/crm/commence-profile/#pricing-and-plans) --- ### [Commissionly](/insurance/commissionly-profile/) - Overall rating: 4.9/5 - Reviews: 44 - Starting price: $33.00/month - Free trial: Available - Free demo: Not available #### Overview Commissionly is a cloud based sales commission and compensation solution for ISO's FMO's, Insurance Brokers, Merchant Services Companies, Financial Services and Education , [Read more](/insurance/commissionly-profile/) #### Features ##### Best rated features - Audit Management: 5/5 - Bonus Management: 5/5 - Incentive Management: 5/5 - Commission Management: 5/5 ##### Worst rated features - Tiered Commissions: 2.5/5 - Commission Statements: 3/5 - Reporting/Analytics: 4/5 [See all features](/insurance/commissionly-profile/#key-features) #### Pricing ##### Basic - Price: $33.00/month [See full pricing details](/insurance/commissionly-profile/#pricing-and-plans) --- ### [FileTrac Evolve](/insurance/filetrac-profile/) - Overall rating: 5.0/5 - Reviews: 26 - Starting price: $100.00/month - Free trial: Not available - Free demo: Not available #### Overview FileTrac Evolve is a sophisticated, claims management software designed for independent adjusters and insurance companies, accommodating organizations ranging from small firms to [Read more](/insurance/filetrac-profile/) --- ### [Eclipse](/insurance/eclipse-profile/) - Overall rating: 4.9/5 - Reviews: 33 - Starting price: $0.01one time - Free trial: Not available - Free demo: Not available #### Overview Eclipse is an insurance agency management system for independent insurance agents with both on-premise or cloud-based deployment. It provides features for single agencies as well [Read more](/insurance/eclipse-profile/) #### Features ##### Best rated features - Claims Management: 5/5 - Commission Management: 5/5 - Insurance Policy Management: 5/5 [See all features](/insurance/eclipse-profile/#key-features) --- ### [Agency Advantage](/insurance/agency-advantage-profile/) - Overall rating: 4.9/5 - Reviews: 27 - Starting price: $99.00/month - Free trial: Not available - Free demo: Not available #### Overview Agency Advantage is an agency management software designed to help businesses streamline customer retention and boost sales, profit and renewals. Key features include document [Read more](/insurance/agency-advantage-profile/) #### Features ##### Best rated features - Contact Management: 5/5 - Property & Casualty: 5/5 - Document Management: 5/5 - Insurance Policy Management: 5/5 [See all features](/insurance/agency-advantage-profile/#key-features) --- ### [VCA Software](/insurance/virtual-claims-adjuster-profile/) - Overall rating: 4.9/5 - Reviews: 26 - Starting price: $299.00/month - Free trial: Available - Free demo: Not available #### Overview With a claims engine as its core, VCA Software (formerly known as Virtual Claims Adjuster) is a global SaaS platform focused on improving policyholder satisfaction and retention, [Read more](/insurance/virtual-claims-adjuster-profile/) #### Pricing ##### Basic - Price: $299.00/month [See full pricing details](/insurance/virtual-claims-adjuster-profile/#pricing-and-plans) --- ### [Anagram](/medical/patch-profile/) - Overall rating: 4.7/5 - Reviews: 56 - Starting price: $150.00/month - Free trial: Not available - Free demo: Not available #### Overview Anagram, formerly Patch, is a cloud-based insurance management solution, which assists health centers and medical practitioners with claim submission and out-of-network benefits [Read more](/medical/patch-profile/) #### Features ##### Best rated features - Records Management: 5/5 - Provider Management: 5/5 - Deduction Management: 5/5 - API: 5/5 ##### Worst rated features - SSL Security: 1/5 - Status Tracking: 3/5 [See all features](/medical/patch-profile/#key-features) --- ### [Claimable](/insurance/claimable-profile/) - Overall rating: 4.9/5 - Reviews: 18 - Starting price: $79.00/month - Free trial: Available - Free demo: Not available #### Overview Claimable is customer-first claims management software for businesses looking to streamline their claims processes. We pride ourselves on making simple, affordable claims [Read more](/insurance/claimable-profile/) #### Features ##### Best rated features - Third-Party Integrations: 5/5 - Claims Settlement: 5/5 - Case Management: 4.7/5 - Claims Tracking: 4.7/5 ##### Worst rated features - Risk Assessment: 3/5 - Audit Management: 4/5 [See all features](/insurance/claimable-profile/#key-features) #### Pricing ##### Basic - Price: $79.00/month - Our Startup plan is best for small teams or companies who are just getting started. ##### Growth - Price: $129.00/month - Our Growth plan is for growing teams looking to optimise their workflow. ##### Established - Price: $239.00/month - Our Established plan is ideal for larger companies, with distributed teams, needing advanced [See full pricing details](/insurance/claimable-profile/#pricing-and-plans) --- ### [Creatio AI CRM](/crm/bpmonline-profile/) - Overall rating: 4.7/5 - Reviews: 151 - Starting price: $40.00/month - Best for: Customer support - Free trial: Not available - Free demo: Not available #### Overview Creatio is an AI CRM and workflow platform where people and AI agents work together — with no limits on users, agents, workflows, or scale. Built for midsize and large [Read more](/crm/bpmonline-profile/) #### Features ##### Best rated features - Conversion Tracking: 5/5 - Calendar Sync: 5/5 - Customizable Fields: 5/5 - Campaign Management: 5/5 ##### Worst rated features - Real-Time Monitoring: 1/5 - Live Chat: 3/5 - Lead Verification/Validation: 3/5 [See all features](/crm/bpmonline-profile/#key-features) --- ### [AgencyBloc AMS+](/crm/agencybloc-ams-profile/) - Overall rating: 4.7/5 - Reviews: 129 - Starting price: $109.00/month - Best for: Features - Free trial: Available - Free demo: Not available #### Overview AgencyBloc is an agency management platform for life and health insurance agencies looking for a more effective way to increase company's profitability, enhance customer [Read more](/crm/agencybloc-ams-profile/) #### Features ##### Best rated features - Commission Management: 4.8/5 - Mobile Access: 4.7/5 - Activity Tracking: 4.7/5 - Contact Management: 4.6/5 ##### Worst rated features - Client Management: 1/5 - Policy Management: 1/5 - API: 3.3/5 [See all features](/crm/agencybloc-ams-profile/#key-features) #### Pricing ##### Grow - Price: $109.00/month - Plans are customized to the insurance agency. Starts at $109. [See full pricing details](/crm/agencybloc-ams-profile/#pricing-and-plans) --- ### [EngageBay CRM](/crm/engagebay-profile/) - Overall rating: 4.6/5 - Reviews: 912 - Starting price: $0.00/month - Best for: Ease of use - Free trial: Not available - Free demo: Not available #### Overview EngageBay is an AI-powered all-in-one CRM that helps small businesses and startups manage marketing, sales, and customer service from one simple, affordable platform. Trusted by [Read more](/crm/engagebay-profile/) ##### What users love - Responsive and helpful support team - Affordable and feature-rich plans - Intuitive and user-friendly interface ##### To take in mind - Email deliverability and limitations - Limited reporting and analytics depth #### Features ##### Best rated features - Multi-Campaign: 5/5 - Responsive Web Design: 5/5 - Real-Time Chat: 5/5 - Onboarding: 5/5 [See all features](/crm/engagebay-profile/#key-features) --- ### [Insly](/accounting/insly-profile/) - Overall rating: 4.9/5 - Reviews: 17 - Starting price: €4,000.00/month - Free trial: Not available - Free demo: Not available #### Overview Insly has provided full-cycle low/no-code insurance software for MGAs and insurance companies since 2014. Insly delivers a scalable solution for C-Suite employees and underwriters [Read more](/accounting/insly-profile/) #### Features ##### Best rated features - Billing & Invoicing: 4/5 [See all features](/accounting/insly-profile/#key-features) --- ### [Commission Tracker](/commission/commission-tracker-profile/) - Overall rating: 4.7/5 - Reviews: 54 - Starting price: $67.00/month - Free trial: Not available - Free demo: Not available #### Overview Commission Tracker is an on-premise and cloud-based solution that enables insurance agencies to manage policies and calculate agents' commissions. Administrators can sort existing [Read more](/commission/commission-tracker-profile/) #### Features ##### Best rated features - Split Commissions: 5/5 - Forecasting: 5/5 - Status Tracking: 5/5 - Activity Tracking: 5/5 ##### Worst rated features - Accounting Integration: 4/5 [See all features](/commission/commission-tracker-profile/#key-features) --- ### [Apizeal](/product/486682-Apizeal/) - Overall rating: 4.8/5 - Reviews: 21 - Starting price: $20.00/month - Free trial: Available - Free demo: Not available #### Overview Apizeal is a web-based health and life insurance solution designed to help businesses automate daily workflows and processes. Key features include weekly summary reports, user [Read more](/product/486682-Apizeal/) #### Pricing ##### Basic - Price: $20.00/month [See full pricing details](/product/486682-Apizeal/#pricing-and-plans) --- ### [tigerlab](/insurance/i2go-profile/) - Overall rating: 4.9/5 - Reviews: 11 - Free trial: Available - Free demo: Not available #### Overview tigerlab is a global insurance software provider and the creator of the tiger suite (formerly i2go), a cloud-native, API-first insurance core platform for insurers, MGAs, brokers, [Read more](/insurance/i2go-profile/) #### Features ##### Best rated features - Customizable Reports: 5/5 - Document Management: 5/5 - Activity Tracking: 5/5 - Quotes/Estimates: 5/5 ##### Worst rated features - Self Service Portal: 4/5 - Workflow Management: 4/5 [See all features](/insurance/i2go-profile/#key-features) #### Pricing ##### Basic - Price: Custom - Pricing available upon request [See full pricing details](/insurance/i2go-profile/#pricing-and-plans) --- 1 [2](https://www.softwareadvice.com/insurance/?__ai_markdown=true&page=2)[3](https://www.softwareadvice.com/insurance/?__ai_markdown=true&page=3)[4](https://www.softwareadvice.com/insurance/?__ai_markdown=true&page=4)[5](https://www.softwareadvice.com/insurance/?__ai_markdown=true&page=5)[6](https://www.softwareadvice.com/insurance/?__ai_markdown=true&page=6) ## Popular Comparisons [ EZLynx vs Jenesis Software ](https://www.softwareadvice.com/insurance/ezlynx-profile/vs/jenesis-agency-management/)[ Applied Epic vs Indio ](https://www.softwareadvice.com/insurance/applied-epic-profile/vs/indio/)[ ePayPolicy vs Agency Matrix ](https://www.softwareadvice.com/insurance/agency-matrix-profile/vs/epaypolicy/)[ NowCerts vs HawkSoft CMS ](https://www.softwareadvice.com/insurance/hawksoft-profile/vs/nowcerts/) Despite a slew of challenges in recent years—government regulations being constantly [in flux](https://www.nytimes.com/2017/06/21/health/health-insurance-marketplace-acha.html), homeownership rates [declining](https://www.cnbc.com/2016/07/28/millennials-cause-homeownership-rate-to-drop-to-lowest-level-since-1965.html)—insurance companies continue to survive in an increasingly competitive and complex industry. In some cases, they're even thriving: The global insurance industry is expected to grow 4.5 percent in 2017 and 2018. Does that mean it's time to be complacent if you're an insurance carrier, agency or brokerage? No way. Your business won't last long in this day and age without being able to manage a growing policy volume, while still meeting the increasing demands of digital-savvy customers. In a [recent report](https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/insurance/insurance-outlook-pdfs/ey-global-insurance-outlook-us-americas_v2.pdf), global consultancy Ernst & Young said having the right technology in place is vital to gaining a competitive advantage in the insurance industry moving forward: "To meet changing expectations, insurers need to digitize interactions with customers, employees and suppliers. Building new distribution channels and working closely with existing distribution partners to enhance the customer experience is a strategic imperative." This is why you should consider investing in insurance software—systems designed with the specific needs of insurance carriers, agencies and brokerages in mind. **In this Buyer's Guide, we'll explain what insurance software is, what common functionality to look out for, how much it costs and everything else your insurance business needs to know before making a purchase decision.** Here's what we'll cover: [What Is Insurance Software?](#WhatIsInsuranceSoftware) [Benefits of Insurance Software](#BenefitsofInsuranceSoftware) [Common Insurance Software Functionality](#CommonInsuranceSoftwareFunctionality) [How Much Does Insurance Software Cost?](#HowMuchDoesInsuranceSoftwareCost) [Key Considerations When Purchasing Insurance Software](#KeyConsiderationsWhenPurchasingInsuranceSoftware) ## What Is Insurance Software? Insurance software is designed to help insurance carriers, agencies or brokerages manage their day-to-day operations. On the administrative side, these systems can help you keep track of policy and claims information, manage your teams and more. There's a client side to this software as well, which allows your customers to log in and do things such as check their policy information, fill out forms and make online payments. Combining [business process management (BPM)](https://www.softwareadvice.com/bpm/) and [customer relationship management (CRM)](https://www.softwareadvice.com/crm/) functionality, insurance software can act as the digital hub to facilitate all of your company's primary insurance processes. _Claims management in Insly_ ## Benefits of Insurance Software Dedicated insurance software can provide numerous benefits to your insurance company over more manual methods such pen and paper or spreadsheets. With an insurance software system in place, you can expect: - **Improved operational efficiency.** Being able to house all of your information in one easily searchable database and automate tedious processes related to billing or reporting can save your business a ton of time. - **Increased data security.** Sensitive customer or carrier information shouldn't be held in easily crackable spreadsheets. Encryption and user authentication capabilities found in insurance software can keep your data safe. - **Better regulatory compliance.** Staying on top of ever-shifting regulations through manual methods can be an incredible time suck and result in costly errors. Insurance software can automatically highlight any areas that need your attention. - **Fewer breakdowns in communication.** Features such as task management, automatic notifications and communication tracking can ensure that nothing falls through the cracks working with customers, carriers or otherwise. - **The ability to provide superior customer service.** Insurance buyers rely on you to provide quick, accurate assessments of their situations, and the ability to perform self-service requests on their own time. Insurance software can allow for this. ## Common Insurance Software Functionality When researching different insurance software systems, you'll find a lot of variance in functionality. Some systems focus on breadth of functionality, acting as comprehensive software suites that can do everything your insurance business needs, while others focus on depth of functionality and being able to do one thing really well. With that in mind, here is some of the most common functionality you can expect to find: | Feature | Description | | --- | --- | | Policy management | Create, administer and manage insurance policies for various customers and insurance lines. | | Claims management | Manage customer claims information and track the status of claims that are being processed. | | Billing | Create and send invoices, process insurance payments and manage customer billing information. | | Rating | Enter customer information and receive quotes from partnered insurance carriers in real time. | | Underwriting | Define formal rules for insurance coverage company-wide. Enter prospective client information to determine risk of insuring. | | Analytics and reporting | Analyze trends to discover instances of fraud, risk prevention or revenue opportunity. Generate standardized reports. | --- ## How Much Does Insurance Software Cost? Another trend you'll notice when researching insurance software is that many vendors aren't completely transparent about pricing on their websites. This happens for a number of reasons—the vendor might be trying to get you on the phone to sell you on their product, or their system might have so many customizable options that the cost varies wildly from customer to customer—but it's frustrating nonetheless. **Most insurance software vendors charge a per-user subscription fee.** This means you pay a recurring fee (usually monthly) that changes depending on how many people in your company are using the system. The monthly fee can range from around $30 on the low end to $150+ for more advanced systems. The license cost isn't the only one to consider either. Vendors may also have recurring support costs or one-time upfront fees for services such as implementation, data migration or training. Be sure to understand all of the various costs, pricing models and payment schedules associated with a specific insurance software system before finalizing the purchase. ## Key Considerations When Purchasing Insurance Software Here are some final key factors you should consider when deciding on the right insurance software system for your carrier, agency or brokerage: - **Cloud-based or on-premise?** Insurance software deployments are either on-premise (where the software is maintained on company servers) or cloud-based (where the software is maintained on vendor servers and accessed by companies via the internet). There are benefits to each option—on-premise software is more customizable to your needs, while cloud-based software requires fewer IT resources—so weigh your options carefully. - **Do you need to integrate?** It's likely that your business already has other vital software systems in place, be it [CRM software](https://www.softwareadvice.com/crm/insurance-crm-comparison/), [accounting software](https://www.softwareadvice.com/accounting/insurance-software-comparison/) or otherwise. Let vendors know which systems you're currently using to ensure a seamless integration between different business processes (e.g., migrating invoice information into the company ledger). - **Do you need segment-specific software?** Most insurance software vendors can tailor their system to work with multiple insurance segments, be it health, life and annuities (L&A), property and casualty (P&C) or otherwise. That's great news if you want to evaluate a wide variety of options, or if you're a multiline insurance business. If you desire a vendor that specializes in your segment though, they definitely exist. Silvervine, for example, only serves P&C insurance businesses. ### Related Insurance Software - [Claims Processing Software](https://www.softwareadvice.com/category/4761-claims-processing/) - [Commercial Insurance Software](https://www.softwareadvice.com/category/4760-commercial-insurance/) - [Dental Software](https://www.softwareadvice.com/dental/) - [Dental Charting Software](https://www.softwareadvice.com/dental-charting/) - [Electronic Medical Records Software](https://www.softwareadvice.com/medical/electronic-medical-record-software-comparison/) - [Insurance Policy Software](https://www.softwareadvice.com/insurance/policy-comparison/) - [Insurance Rating Software](https://www.softwareadvice.com/insurance/insurance-rating-comparison/) - [Medical Billing Software](https://www.softwareadvice.com/medical/medical-billing-software-comparison/) - [P&C Insurance Software](https://www.softwareadvice.com/p&c-insurance/)