# Best Insurance Software - 2026 Reviews & Pricing > Find the best Insurance Software for your organization. Compare top Insurance Software systems with customer reviews, pricing, and free demos. Source: https://www.softwareadvice.com/za/insurance --- [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 June 25, 2026 On this page 1. Popular Comparisons 2. Buyers Guide 3. Related Software Filter products 130 results ### Compare Products Showing 1 - 25 of 130 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. ### Product: Jenesis Software [Jenesis Software](https://www.softwareadvice.com/insurance/jenesis-agency-management-profile/) 4.71 [(284)](https://www.softwareadvice.com/insurance/jenesis-agency-management-profile/reviews/) Best for:Small businesses ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Jenesis is designed specifically for the independent insurance agency, offering a seamless platform to manage various aspects of insurance agency operations efficiently. Jenesis offers a robust agency management system with a wide array of features tailored to streamline workflows, enhance client relationships, and boost productivity. From policy management and quoting to customer relationship management (CRM) and reporting, Jenesis provides a centralized hub for all essential agency functions. Its intuitive interface and customizable workflows enable users to tailor the system to their specific requirements, enhancing efficiency and productivity. Jenesis' Web-based system offers flexibility allowing agents to work remotely, collaborate seamlessly, and provide superior service to clients on the go. Jenesis also offers website design and digital marketing services making Jenesis a comprehensive solution for insurance agencies.... [Read more](https://www.softwareadvice.com/insurance/jenesis-agency-management-profile/) ### Best rated features: Referral Tracking 5.0 For Insurance Industry 5.0 Alerts/Notifications 5.0 Risk Assessment 5.0 ### Worst rated features: Claims Tracking 3.0 Commercial 4.0 [See all features](https://www.softwareadvice.com/insurance/jenesis-agency-management-profile/#key-features) ### Product: Financial Services Cloud [Financial Services Cloud](https://www.softwareadvice.com/insurance/salesforce-fin-serv-cloud-profile/) 4.83 [(6)](https://www.softwareadvice.com/insurance/salesforce-fin-serv-cloud-profile/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Financial Services Cloud is a customer relationship management (CRM) solution that helps businesses in the finance industry manage referrals, documents, tasks and more. The lead management module allows sales representatives to track, filter and qualify prospects and use the built-in email templates to establish communication. This solution also helps businesses to handle mortgage and lending workflows via a unified platform. The platform allows employees to interact with lenders and borrowers, track and approve documents and store customer data in a centralized repository. Financial Services Cloud lets employees create client engagement plans, prioritize customer relationships and highlight client milestones, among other operations. Supervisors can configure case escalation rules and queues to automatically route customer case inquiries to specific agents or teams. Additionally, staff members can build, design and distribute survey forms to collect insights and feedback. Financial Services Cloud comes with an API, which allows businesses to integrate the system with several third-party applications. It also provides Android and iOS mobile applications, which let employees manage activities remotely. It is available on annual subscriptions and support is extended via live chat, phone, community forum and other online measures.... [Read more](https://www.softwareadvice.com/insurance/salesforce-fin-serv-cloud-profile/) ### Best rated features: Compliance Tracking 5.0 Activity Dashboard 5.0 Drag & Drop 5.0 Accounting 5.0 ### Worst rated features: Task Management 3.0 For Financial Institutions 3.5 Referral Tracking 4.0 Interaction Tracking 4.0 [See all features](https://www.softwareadvice.com/insurance/salesforce-fin-serv-cloud-profile/#key-features) ### Financial Services Cloud for Sales $325.00/month ### Financial Services Cloud for Service $325.00/month ### Financial Services Cloud for Sales and Services $350.00/month [See full pricing details](https://www.softwareadvice.com/insurance/salesforce-fin-serv-cloud-profile/#pricing-and-plans) ### Product: Applied Epic [Applied Epic](https://www.softwareadvice.com/insurance/applied-epic-profile/) 4.17 [(141)](https://www.softwareadvice.com/insurance/applied-epic-profile/reviews/) Best for:Customer support ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary 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 platform provides a single view of your entire agency, encompassing all roles, locations, and lines of business. Businesses can adapt and evolve alongside their business with a flexible system that supports acquisitions and integration of both Applied and third-party applications, ensuring productivity and profitability. Users can centralize their agency operations by managing all aspects of your business within a single platform, empowering staff with the flexibility to engage with other applications seamlessly. With Applied Epic, organizations can enable their teams to work from anywhere with an intuitive user interface that allows employees to access and manage account details, submit claims, and perform other tasks effortlessly. Seamlessly connect with insurer partners within workflows to streamline customer service, find the best products quickly, and share policy information efficiently. The platform supports integration with numerous online client portals and mobile apps to ensure access to policy information and meet customers on various platforms. Applied Epic offers unique screens to capture benefits-specific data, including plan information, rates, coverages, and eligibility criteria and automate workflows to enhance consistency and efficiency across users and locations. Teams can streamline finance and accounting operations with insurance-specific solutions designed for efficiency and reporting. The solution also provides real-time access to policy information at every stage of the policy lifecycle to deliver prompt and accurate service and centralizes new business opportunities and renewals in one system, integrating with CRM technologies for a comprehensive customer view. Additionally, businesses can streamline document organization and access based on agency's guidelines, allowing for easy retrieval and management. Applied Epic includes market access and quoting functionality to help users identify markets for risks directly from the system, reducing redundant data entry and enhancing efficiency in quoting. Its insurer connectivity feature facilitates information exchange seamlessly with insurer partners to receive policy-related documents and updates directly in the management system. Built-in reporting and data analytics allow managers to leverage management system data to gain valuable business insights and optimize employee productivity and relationships.... [Read more](https://www.softwareadvice.com/insurance/applied-epic-profile/) ### Best rated features: Activity Dashboard 5.0 Sales Reports 5.0 Insurance Policy Management 4.3 Claims Management 4.1 ### Worst rated features: Quotes/Estimates 2.6 Insurance Rating 3.3 Workflow Management 3.5 Contact Management 3.8 [See all features](https://www.softwareadvice.com/insurance/applied-epic-profile/#key-features) ### Product: Macaw [Macaw](https://www.softwareadvice.com/product/266247-Macaw/) 3.59 [(22)](https://www.softwareadvice.com/product/266247-Macaw/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary 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 Broking can be supported with Macaw AMS. Macaw AMS has an in-built CRM. It supports New Business and Renewals comprehensively. Highly complex Rating and Underwriting logic can be embedded. It supports Claims Intimation and Tracking. It comes with a detailed Billing and Payables component that caters to Carrier Extracts as well. The system has built-in Document Management System, Rules and Workflow components, and an engine to report, visualize and analyze operational data. Integrations are available with OFAC checker, Payment Gateway, eSign, email marketing. Macaw AMS enables the Customers, Producers as well as Carrier Partners to self serve with the help of the specialized portals. Following are some of the business benefits of using Macaw AMS 1. Improve efficiency with Single Customer View This MGA had a portfolio of high-volume and low ticket-size Policies. At renewal, they were used to get a lot of calls that required attention of the customer support team. As a result, a lot of effort was needed to maintain a good renewal ratio. The customer support team resolved the issue using the single customer view facility of Macaw. This facility enabled the team to get all the data relevant for the customer at one place including the opportunities, quotations, policies, claims, service requests and contact details with a view of the consolidated portfolio. 2. Improve Renewals Ratio with automated campaign One of our Customers had a policy portfolio that was distributed across customer segments and different lines of insurance. Due to heavy competition from aggregators as well as other carriers / brokers, they had to depend heavily on the outgoing calls at the time of renewal and spent a lot of time and effort in the process. With Macaw’s automated renewal process, they could identify the renewals well in advance between 90 and 180 days, they could categorize the renewals into low-touch and manual, they could adopt different channels across the segments (fully digital workflow for the low-touch segment and auto-allocation to customer service agents for manual segment), they could organize drip campaigns by email and sms, and could reduce effort involved by automatic issuance of policies. The renewal ratio could be improved and customer service team was spending less effort. 3. Improve accuracy with in-built underwriting and rating engines One of our Customers, an MGA, had a complex set of products for which the underwriting and rating was manual due to the inherent complexity. This had two implications, key persons were needed to work the quotations and it was very difficult to maintain uniform criteria. With Macaw’s automated underwriting, rating and surplus lines tax and fees components, the MGA could deliver automated underwriting and rating for all its products, resulting in a significant reduction of time to produce a quote. 4. Improve efficiency using integrated invoicing and statement of accounts It takes a lot of effort to execute accounting activities separately from the Agency Management System, possibly through usage of spreadsheets. With Macaw, where the invoicing and commissions processes are fully automated and integrated with the policy management functions, the MGA could achieve the same objectives with lower time and effort. 5. Visualize, assess and report on accumulated information from ops One of our Customers, an MGA, had a process of extracting data / reports from the system, and was manually analysing the same for reporting the business results. This was a significantly complex process requiring significant time. With Macaw’s Explorer facility, which provides the ability to consolidate operational data, to automate reporting and to create visualizations, the MGA could significantly improve.... [Read more](https://www.softwareadvice.com/product/266247-Macaw/) ### Best rated features: Renewal Management 5.0 Billing & Invoicing 5.0 Quotes/Estimates 5.0 Policy Management 4.8 ### Worst rated features: Audit Trail 3.0 Activity Tracking 3.0 Broker/Agent Portal 4.0 [See all features](https://www.softwareadvice.com/product/266247-Macaw/#key-features) ### Custom Custom Pricing available upon request Price is decided based on number of users, products, the extent of support required among other business descriptors.... [Read more](https://www.softwareadvice.com/product/266247-Macaw/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/product/266247-Macaw/#pricing-and-plans) ### Product: NewgenONE Digital Transformation Platform [NewgenONE Digital Transformation Platform](https://www.softwareadvice.com/accounting/newgenone-digital-transformation-platform-profile/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary A unified, cloud-based low-code platform for automating end-to-end processes and comprehensively managing content and communications, backed by AI-based cognitive capabilities and a robust integration ecosystem. Simplify your complex, content-driven business needs with one comprehensive low-code digital transformation platform. A unified, cloud-based, low-code platform for automating end-to-end processes and comprehensively managing content and communications, backed by AI-based cognitive capabilities and a robust integration ecosystem. The NewgenOne platform, with content management at its core, helps enterprises break down the silos between the front, middle, and back offices by simplifying the information (data) flows between those offices, functions, and departments. The NewgenOne platform includes the following: \* Low code capabilities for application development \* Process automation for end-to-end enterprise processes \* Contextual content services for creating an anywhere-anytime workplace \* Omnichannel Customer Engagement, to provide personalized customer communication, consistent across channels \* AI Cloud for informed and autonomous business decision-making \* Integration Ecosystem for data exchange across processes, applications, and systems \* Governance and Security, for keeping processes and information secure and compliant... [Read more](https://www.softwareadvice.com/accounting/newgenone-digital-transformation-platform-profile/) ### Product: EZLynx [EZLynx](https://www.softwareadvice.com/insurance/ezlynx-profile/) 3.70 [(74)](https://www.softwareadvice.com/insurance/ezlynx-profile/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary 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 System is designed to meet the unique needs of businesses in an easy-to-use interface that takes care of doing the work for you. From real-time home and auto quoting on insurance agency website to email marketing, pipeline management, reporting, AI, and more, EZLynx has the integrated solution for users. It offers: EZLynx Rating Engine is an easy-to-use comparative rater that lets independent insurance agents get real-time personal lines quotes from hundreds of carriers across 48 states on any device. Cross-carrier personal lines quoting has never been simpler. EZLynx Management System leverages client and policy data to maximize your agency's ability to retain current customers while acquiring new business. Find your customer's quotes, policies, claims, and documents in one organized place and easily remarket with up-to-date information synced from your daily policy downloads. EZLynx is a complete agency management solution, with all the tools you need to sell, service and grow your business. A single platform means your agency won’t be slowed down by disparate systems our multiple software vendors. Having all your agency’s data on a single platform makes every aspect of that data more visible, intelligent, actionable, and profitable. One, single system means no more duplicate entries, interrupted workflows, or bridging data between separate systems. Because you have a single view of the customer, you always have the most accurate and complete picture up on the screen. EZLynx Client Center provides mobile-ready online customer self-service. Clients are satisfied immediately with 24/7 remote access to their policies, change requests, ID Cards, claims and more. EZLynx Automation Center: Automating processes represents a significant benefit in time savings to agencies - meaning they are not paying employees to do work that their management system can and should do for them. EZLynx anticipates and suggests what to do next, and will even automate these steps for your agency. Get more done in less time by automating sales, retention, servicing and client engagement across your entire agency. EZLynx Automation Center comes equipped with recommended workflow templates to help your agency realize the benefits of the tool immediately. These templates were built with the most common and time-saving agency use cases in mind. The expectations of today’s insurance shoppers are rooted in their online consumer experiences, across all industries. EZLynx solutions like EZLynx Virtual Agent, online customer self-service, and timely automated customer communication help your agency meet these new demands. Policy Compare provides a side-by-side comparison of the expiring and renewing policies, so you can quickly and meaningfully understand the difference in premium. Being able to better advise your clients at renewal time reinforces the trusted advisor relationship, which is all too important for the independent insurance industry. Carrier eDocs and Messaging workflows help agencies expand and strengthen the relationship between insureds, agents and insurers. The EZLynx Connect Marketplace provides development-free connectivity to third-party vendor solutions, advancing your agency immediately in targeted ways. Benefit from turnkey access to industry-leading integrations and cross-selling opportunities.... [Read more](https://www.softwareadvice.com/insurance/ezlynx-profile/) ### Best rated features: Lead Management 5.0 For Personal Insurance 5.0 For Homeowners Insurance 4.0 Third-Party Integrations 3.8 ### Worst rated features: API 1.0 Real-Time Data 1.0 CRM 1.0 Insurance Policy Management 3.4 [See all features](https://www.softwareadvice.com/insurance/ezlynx-profile/#key-features) ### Basic Custom Pricing available upon request [See full pricing details](https://www.softwareadvice.com/insurance/ezlynx-profile/#pricing-and-plans) ### Product: ePayPolicy [ePayPolicy](https://www.softwareadvice.com/insurance/epaypolicy-profile/) 4.88 [(258)](https://www.softwareadvice.com/insurance/epaypolicy-profile/reviews/) Best for:Value for money ### Pricing availability Free trial: Available Free version: Available Software Advice Summary 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 enables administrators to track transactions, access electronic receipts, control user permissions, and check transaction status in real time. ePayPolicy provides organizations with a payment page and allows them to add a custom logo and colors in sync with their brand. Clients can also upload documents through their payment page and set up recurring payments. Managing general agents (MGAs) can use the batch processing functionality to send electronic commissions and refund checks to agents and partners. ePayPolicy offers an API, which lets businesses integrate the system with several third-party platforms such as FinancePro, Veruna, Jetfile, Novidea, QQCatalyst, Sagitta, and more.... [Read more](https://www.softwareadvice.com/insurance/epaypolicy-profile/) ### What users love - Flexible and secure payment options - Intuitive and user-friendly interface - Responsive and helpful support team ### To take in mind - High transaction and service fees ### Best rated features: Invoice Management 5.0 Recurring/Subscription Billing 5.0 Multiple Payment Options 5.0 Compliance Management 5.0 ### Worst rated features: Customizable Fields 4.0 Recurring Invoicing 4.0 [See all features](https://www.softwareadvice.com/insurance/epaypolicy-profile/#key-features) ### Basic $25.00/month [See full pricing details](https://www.softwareadvice.com/insurance/epaypolicy-profile/#pricing-and-plans) ### Product: Compulife Quote Software [Compulife Quote Software](https://www.softwareadvice.com/insurance/compulife-profile/) 4.93 [(61)](https://www.softwareadvice.com/insurance/compulife-profile/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Designed for the insurance industry, Compulife Quote Software is a web-based software that helps businesses with providing quotes for insurance offerings. Compulife Quote Software’s features consist of responsive design, mobile access, customizable forms, and insurance quotes. Compulife Quote Software subscriptions are offered on an annual basis and support is provided via email, phone, and online tutorials.... [Read more](https://www.softwareadvice.com/insurance/compulife-profile/) ### Basic (Mobile Quoter) $110.00/year This is a Mobile Quoter for 3 devices. The type of insurance products it can quote are; term life, return to premium term, and guaranteed UL. You can add on an API for $370/year and no free trial included in it.... [Read more](https://www.softwareadvice.com/insurance/compulife-profile/#pricing-and-plans) ### Standard (Website Quoter) $215.00/year This Website Quoter plan is for your website to be in responsive web design format on top of the "Mobile Quoter". There are additional add-ons available at an premium but there is no free trial included in the base price.... [Read more](https://www.softwareadvice.com/insurance/compulife-profile/#pricing-and-plans) ### Deluxe (Individual Agent PC Software) $220.00/year This Individual Agent PC software plan includes 1 licensed agent, for insurance products to quote like; Term life, return of premium term, guaranteed UL, Simplified Issues (non med), or Final Expense. For 3 devices and includes Life Company Forums Library. You can add 4 local zip code listings for $48/year.... [Read more](https://www.softwareadvice.com/insurance/compulife-profile/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/insurance/compulife-profile/#pricing-and-plans) ### Product: Sembley [Sembley](https://www.softwareadvice.com/product/450093-Sembley/) 4.97 [(40)](https://www.softwareadvice.com/product/450093-Sembley/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Sembley redefines the insurance submissions and renewals landscape for commercial property and casualty (P&C) insurance brokers and agencies through its cloud-based technology. The platform’s advanced yet intuitive interface simplifies the entire client data collection process. By using customizable, shareable intakes, Sembley gathers essential information for any set of ACORD forms, automatically transferring the data to create precise and complete applications. This method boosts operational efficiency, reduces manual errors, and saves valuable time for both agents and clients. Whether you’re focused on onboarding new clients or processing renewals, Sembley is engineered to optimize your workflow, elevate client experiences, and drive sustainable growth for your insurance business.... [Read more](https://www.softwareadvice.com/product/450093-Sembley/) ### Best rated features: Insurance Management 5.0 Activity Dashboard 5.0 Commercial 5.0 Claims Management 5.0 ### Worst rated features: Lead Management 4.0 Mobile Access 4.0 [See all features](https://www.softwareadvice.com/product/450093-Sembley/#key-features) ### Standard Annual $49.00/month Unlimited forms, submissions and contacts plus 24/7 support and unlimited training. ### Standard Monthly $59.00/month Unlimited forms, submissions and contacts plus 24/7 support and unlimited training. [See full pricing details](https://www.softwareadvice.com/product/450093-Sembley/#pricing-and-plans) ### Product: A1 Tracker [A1 Tracker](https://www.softwareadvice.com/crm/a1-tracker-profile/) 4.87 [(79)](https://www.softwareadvice.com/crm/a1-tracker-profile/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary A1 Tracker Contract Management Software is a cloud-based contract management & lifecycle platform. A1 Tracker's features include contract approval workflow, documents, vendors, audits, reminder notifications, templates, certificates of insurance, and more. The platform enables users to track contracts of any type, including NDA, buy-side (vendor agreements), and sell-side contracts (sales agreements). Additionally, contract dashboards & forms allow users to run analytical reports, batch update renewals, import & export data, and prioritize activity. The portal gives limited access for users to submit updates or documents. Both on-site and cloud-hosted options available with SSL, VPN, & data encryption security features. A1 Tracker can integrate with CRM, manufacturing, and ERP software. Pricing is available on request. Professional training is provided. Support is available via email, phone, and online help.... [Read more](https://www.softwareadvice.com/crm/a1-tracker-profile/) ### Best rated features: Collaboration Tools 5.0 Asset Tracking 5.0 Vendor Master Data Management 5.0 Reporting/Project Tracking 5.0 ### Worst rated features: Resource Management 1.0 Project Planning/Scheduling 2.0 [See all features](https://www.softwareadvice.com/crm/a1-tracker-profile/#key-features) ### Enterprise $200.00/month 5 User Minimum. Monthly and Annual Renewal Options. Implementation costs vary and may include: - Setup and Training - Data Import - Integrations - Customizations Volume licensing discounts available.... [Read more](https://www.softwareadvice.com/crm/a1-tracker-profile/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/crm/a1-tracker-profile/#pricing-and-plans) ### Product: NextAgency [NextAgency](https://www.softwareadvice.com/commission/nextagency-profile/) 4.90 [(41)](https://www.softwareadvice.com/commission/nextagency-profile/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary 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 systems that don't talk to each other. Or maybe you're still running on sticky notes, scraps of paper, and a few static spreadsheets. Either way, NextAgency was built for you. NextAgency is an agency management system built specifically for agencies selling benefits, senior, and life policies. It gathers up all that paper into one easy-to-use digital platform. One that’s easy to customize to the way you work. NextAgency in one platform but it contains a lot of tools. It features CRM, marketing automation, compliance tools, business analytics, and optional commission tracking. Go from the big picture view of your agency with the NextAgency dashboard, to a detailed view of each prospect, client, sub-agent, or policy. Or use the Timeline as your personal to-do list, bringing together all your tasks and notes for the day. Or week. Or whenever. You can automate workflows that create tasks, emails, sends texts, or launches checklists for you. Keep track of sales and service pipelines with the aptly named Pipeline view. And launch email or drip marketing campaigns all within one, intuitive platform. Getting started is straightforward. NextAgency comes pre-configured for life and health workflows, so your team can start using it right away. Most agencies upload their own data using NextAgency's built-in tools, step-by-step guidance, and onboarding support — all included free. Agencies with complex data migrations can use NextConcierge if they choose, an affordable option where our migration specialists do the heavy lifting. When you have a question, you get an answer — fast. NextAgency's support team is rated 4.9 out of 5 on Capterra, and it's easy to see why. Instead of sending you a paragraph of instructions, they'll typically send a short screencast showing you exactly what to do. Training is free and available whenever your team needs it — whether that's your first week or years later. NextAgency is affordable — Capterra users rate it 4.9 out of 5 for Value for Money. Start with a 30-day free trial, then subscribe month to month with no long-term contract required. Agencies that commit annually save even more. Which is why agencies across 37 states — from solo producers to regional operations — already use NextAgency. Your agency data stays secure. NextAgency is hosted on AWS — the same cloud infrastructure trusted by banks, hospitals, and major streaming services — with encryption, role-based access controls, and two-factor authentication. The support team cannot view your information unless you give them explicit permission. NextAgency also executes a mutual NDA with you confirming you own your client data and NextAgency won’t market to your contacts. The platform connects to tools many agencies already rely on, including Employee Navigator, BerniePortal, Ease, Intulse, GReminder, and Zapier. Gmail and Outlook sync keeps all email communication inside the system. For agencies with custom needs, NextAgency offers an API.... [Read more](https://www.softwareadvice.com/commission/nextagency-profile/) ### Best rated features: Flat Commissions 5.0 Commission Scheduling 5.0 Percentage Commissions 5.0 Opportunity Management 5.0 [See all features](https://www.softwareadvice.com/commission/nextagency-profile/#key-features) ### NextAgency $85.00/month NextAgency is a powerful agency management system featuring CRM, marketing, and optional commission tracking tools. Built for agencies selling benefits, senior and life policies, NextAgency is easy to customize for the way your agency works. NextAgency offers a host of tools enabling you to: • organize your prospect and client information to streamline operations • create pipelines to track sales and service to increase revenue • automate workflows to save you time on routine tasks • launch email and drip marketing campaigns • create disclosure document to make compliance easier • integrate with benefit and HR platforms to keep your records synced • generate personalized to-do lists • help you get what you've earned (with the optional add-on) With a 30-day free trial and no long-term commitment required, NextAgency is a tremendous value.... [Read more](https://www.softwareadvice.com/commission/nextagency-profile/#pricing-and-plans) ### NextCommission Solo $160.00/month NEXTCOMMISSION SOLO: PRICING NextCommission Solo is standalone commission tracking software for life and health insurance agencies that don't need a full agency management system. It tracks compensation on benefit, senior, and life policies; manages sub-agents and their splits; generates sub-agent commission statements; and delivers reporting that gives you a clear picture of what you've paid—or failed to have been paid. Like NextAgency, NextCommission Solo is easy to customize for the way your agency works. Pricing (per set of five seats): 1-5 seats: $160 per agency per month ($1,600 per year). 6-10 seats: $320 per agency per month ($3,200 per year). Try NextCommission Solo free for 30 days. Then, no long-term commitment is required — our monthly subscription is truly month-to-month. Get two months free with an annual subscription (a 17% savings). refundable.... [Read more](https://www.softwareadvice.com/commission/nextagency-profile/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/commission/nextagency-profile/#pricing-and-plans) ### Product: NowCerts [NowCerts](https://www.softwareadvice.com/insurance/nowcerts-profile/) 4.77 [(150)](https://www.softwareadvice.com/insurance/nowcerts-profile/reviews/) Best for:Ease of use ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary NowCerts is a cloud-based insurance solution designed for insurance agencies of all sizes. Key functionalities include commission tracking, task management, claims management, reporting, self-service certificates, reminders, calendars, dashboards and e-signature. Users can create projects, assign tasks and track project progress. Acord forms are available in various formats which can be edited, signed, e-mailed, faxed and saved. The solution enables users to create invoices, make payments and issue receipts. Additionally, users can receive automated reminders as their renewal date approaches. The solution lets users track agency and agent commissions, agency fees and carrier fees. Also, users are able to issue their own certificates. NowCerts integrates with multiple applications such as Google Drive, Gmail, QuickBooks, SignNow, Zapier and Twilio. NowCerts is priced on a per month per agency subscription basis, and support is provided via an online helpdesk, email, live chat and over the phone.... [Read more](https://www.softwareadvice.com/insurance/nowcerts-profile/) ### Best rated features: Commission Management 5.0 Claims Management 5.0 Insurance Policy Management 5.0 Task Management 5.0 ### Worst rated features: Client Portal 2.0 Reinsurance Administration 3.0 [See all features](https://www.softwareadvice.com/insurance/nowcerts-profile/#key-features) ### Essentials $99.00/month This plan only includes 1 user license. Additional user licenses are priced at $39. ### Professional $149.00/month This plan only includes 2 user licenses. Additional user licenses are priced at $39. ### Business $295.00/month This plan only includes 5 user licenses. Additional user licenses are priced at $39. [See full pricing details](https://www.softwareadvice.com/insurance/nowcerts-profile/#pricing-and-plans) ### Product: Creatio CRM [Creatio CRM](https://www.softwareadvice.com/crm/bpmonline-profile/) 4.74 [(149)](https://www.softwareadvice.com/crm/bpmonline-profile/reviews/) Best for:Customer support ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Creatio is a new era CRM to manage all customer and operational workflows with no-code and AI at its core. Creatio Sales is an AI-native sales management platform that helps businesses achieve sales excellence by providing a complete customer 360 view, automating lead and sales processes, running accurate forecasts, streamlining order and document management, and boosting team collaboration. Creatio Marketing is an AI-native omnichannel marketing platform that accelerates lead-to-revenue by providing a holistic customer view, enabling personalized journeys, streamlining digital, email, and event campaigns, and boosting team collaboration. And Creatio Service is a full-cycle AI-native service management platform that enhances customer experience through efficient case and request management, a unified agent desktop, omnichannel communications, collaborative tools, and flexible ITSM workflows.... [Read more](https://www.softwareadvice.com/crm/bpmonline-profile/) ### Best rated features: Task Management 5.0 Calendar Sync 5.0 ROI Tracking 5.0 Conversion Tracking 5.0 ### Worst rated features: Surveys & Feedback 3.0 Live Chat 3.0 Activity/News Feed 4.0 [See all features](https://www.softwareadvice.com/crm/bpmonline-profile/#key-features) ### Product: Commence [Commence](https://www.softwareadvice.com/crm/commence-profile/) 4.86 [(44)](https://www.softwareadvice.com/crm/commence-profile/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary 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 potential customers. The solution includes various modules and features which include marketing automation, lead management, help desk functionality, a customer portal, reporting and project management. The dashboard presents real-time information, showing emails, tasks to complete, service tickets, alerts and new leads. The custom dashboard allows users to see up-to-date sales activity and respond to emails. Marketing automation features offer pre-built templates to launch targeted campaigns with a customizable budget, and the ability to analyze the response rate and revenue of campaigns. Additionally, Commence CRM manages the sales cycle, schedules appointments and to-dos, records interactions with customers and generates forecasts and performance reporting. Commence CRM is available on a monthly subscription basis that includes support via phone, email and through an online knowledge base.... [Read more](https://www.softwareadvice.com/crm/commence-profile/) ### Best rated features: Contact Management 5.0 Interaction Tracking 5.0 Sales Pipeline Management 5.0 Quotes/Estimates 5.0 ### Worst rated features: Email Marketing 4.0 Social Media Integration 4.0 Internal Chat Integration 4.0 [See all features](https://www.softwareadvice.com/crm/commence-profile/#key-features) ### SalesCRM $29.00/month ### MarketingCRM $39.00/month ### Project management CRM $50.00/month [See full pricing details](https://www.softwareadvice.com/crm/commence-profile/#pricing-and-plans) ### Product: Commissionly [Commissionly](https://www.softwareadvice.com/insurance/commissionly-profile/) 4.86 [(44)](https://www.softwareadvice.com/insurance/commissionly-profile/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Commissionly is a cloud based sales commission and compensation solution for ISO's FMO's, Insurance Brokers, Merchant Services Companies, Financial Services and Education , Telecoms and Energy Companies. The Commissionly platform can calculate commission on initial contracts and on residual payments. Data Custom Data templates allow multiple data formats to be imported with ease. Data can be altered by supplier to adjust the commissionable value to be applied to the commission plans. Our API can be used to import data direct from open platforms. Commission Hierarchy Assign downline agents and split values automatically based on Transaction data such as ID, Customer, Policy Number, MID number or any other unique identifier. Access to downline information in the system can be controlled by role. Additional data can be added to imported data through the creation of lookup tables. Reporting Custom reports can be created to fit the requirements of the business. Unpaid Commissions Closed deals that have nit yet reach a commissionable status can be calculated for planning and accruals. Future Commissions Our built in future commission report can use contract terms to calculate future commission revenue for the business. ASC606 Commission Report Use this custom report to manage commission accounting rules and accruals. Commission Communication Commissionly’s dashboard is where payees can access all information related to any of their past and future commission payments. The Agent dashboard consists of YTD report graphs Commission in the period Unpaid Commissions Transaction Level Reports Downstream Reports Team Reports... [Read more](https://www.softwareadvice.com/insurance/commissionly-profile/) ### Best rated features: Audit Management 5.0 Bonus Management 5.0 Incentive Management 5.0 Commission Management 5.0 ### Worst rated features: Tiered Commissions 2.5 Commission Statements 3.0 Reporting/Analytics 4.0 [See all features](https://www.softwareadvice.com/insurance/commissionly-profile/#key-features) ### Basic $33.00/month [See full pricing details](https://www.softwareadvice.com/insurance/commissionly-profile/#pricing-and-plans) ### Product: FileTrac Evolve [FileTrac Evolve](https://www.softwareadvice.com/insurance/filetrac-profile/) 4.96 [(26)](https://www.softwareadvice.com/insurance/filetrac-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary FileTrac Evolve is a sophisticated, claims management software designed for independent adjusters and insurance companies, accommodating organizations ranging from small firms to large enterprises. It is developed to minimize human error and reduce operational costs, ultimately decreasing claim expenses and enhancing cycle times. This advanced solution integrates a suite of claims management and productivity tools within an intelligent cloud application, utilizing cutting-edge technologies like artificial intelligence (AI), business intelligence (BI), and robotic process automation (RPA) to optimize the claims handling process.... [Read more](https://www.softwareadvice.com/insurance/filetrac-profile/) ### Product: Eclipse [Eclipse](https://www.softwareadvice.com/insurance/eclipse-profile/) 4.88 [(33)](https://www.softwareadvice.com/insurance/eclipse-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary 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 as multi-agency locations of all sizes. The system helps agencies manage customers, policies, claims, company and producer commissions, financials and documentation. Eclipse features ACORD form filling, ledger accounting, accounts payable, accounts receivable, agency and direct billed billing and reconciliation, advanced reporting and carrier downloads. Comprehensive reporting to manage agency growth, retention, activity and track agency financials is also available. Eclipse offers integration with business solutions such as QuickBooks, InsureSign, Rpost, Agency Revolution and more. Phone, email and live chat support are available through this vendor.... [Read more](https://www.softwareadvice.com/insurance/eclipse-profile/) ### Best rated features: Claims Management 5.0 Commission Management 5.0 Insurance Policy Management 5.0 [See all features](https://www.softwareadvice.com/insurance/eclipse-profile/#key-features) ### Product: Agency Advantage [Agency Advantage](https://www.softwareadvice.com/insurance/agency-advantage-profile/) 4.89 [(27)](https://www.softwareadvice.com/insurance/agency-advantage-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Agency Advantage is an agency management software designed to help businesses streamline customer retention and boost sales, profit and renewals. Key features include document management, quotes/estimates, claims management, cancellation tracking and contact management. Teams using Agency Advantage can create marketing campaigns to round their accounts, manage the operational and trust accounts with Quickbooks integration, send text messages to individual clients and generate comparative ratings by integrating the platform with various rating applications. Additionally, users can scan documents, photos and other items to the customers' folders, which can be saved for future reference. Agency Advantage offers a complete diary system that allows agents to follow up on change requests, letters, notes and more. It is available on monthly subscriptions and support is extended via online inquiry form.... [Read more](https://www.softwareadvice.com/insurance/agency-advantage-profile/) ### Best rated features: Contact Management 5.0 Property & Casualty 5.0 Document Management 5.0 Insurance Policy Management 5.0 [See all features](https://www.softwareadvice.com/insurance/agency-advantage-profile/#key-features) ### Product: VCA Software [VCA Software](https://www.softwareadvice.com/insurance/virtual-claims-adjuster-profile/) 4.88 [(26)](https://www.softwareadvice.com/insurance/virtual-claims-adjuster-profile/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary 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, while providing a next-generation ecosystem to improve intelligence and function for all stakeholders from insurance carriers to third party administrators, brokers, independent adjusters, captives and self-insured companies. The VCA platform simplifies and humanizes the claims journey – ultimately creating more customer lifetime value.... [Read more](https://www.softwareadvice.com/insurance/virtual-claims-adjuster-profile/) ### Basic $299.00/month [See full pricing details](https://www.softwareadvice.com/insurance/virtual-claims-adjuster-profile/#pricing-and-plans) ### Product: Anagram [Anagram](https://www.softwareadvice.com/medical/patch-profile/) 4.71 [(56)](https://www.softwareadvice.com/medical/patch-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary 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 management. Key features include ROI tracking, treatment planning, messaging, patient management, and insurance provider management. Physicians can use the solution to examine coverage details, determine eligibility and inform client about covered expenses in real-time. The solution helps doctors deposit claims and send reimbursement checks to patients. It also allows counselors to measure patients' reimbursements against ongoing treatment, process payments and track revenue. Anagram helps practitioners review surveys collected through social media ads, analyze customer behavior, connect with patients through chats or emails and resolve issues in real-time. Pricing for the solution is available on request and support is provided via email and documentation.... [Read more](https://www.softwareadvice.com/medical/patch-profile/) ### Best rated features: Records Management 5.0 Provider Management 5.0 Deduction Management 5.0 API 5.0 ### Worst rated features: SSL Security 1.0 Status Tracking 3.0 [See all features](https://www.softwareadvice.com/medical/patch-profile/#key-features) ### Product: Claimable [Claimable](https://www.softwareadvice.com/insurance/claimable-profile/) 4.94 [(18)](https://www.softwareadvice.com/insurance/claimable-profile/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Claimable is customer-first claims management software for businesses looking to streamline their claims processes. We pride ourselves on making simple, affordable claims management software. We've had enough of the claim industry lagging behind in the technology front, with often expensive, complicated and bloated software. At Claimable, we believe that details matter, and our software has been carefully crafted to provide the tools necessary for timely and efficient claims management. Claimable allows you to streamline your workflow while keeping all relevant information, documents and communication well-organised under the specific claim. Task reminders, message templates, contact management, claim reporting, unlimited notes, automated scheduled exports and limited access users are only some of the features included. We offer simple and transparent pricing, no minimum commitment or setup fees. Get a 14-day free trial and start using Claimable right away.... [Read more](https://www.softwareadvice.com/insurance/claimable-profile/) ### Best rated features: Third-Party Integrations 5.0 Claims Settlement 5.0 Case Management 4.7 Claims Tracking 4.7 ### Worst rated features: Risk Assessment 3.0 Audit Management 4.0 [See all features](https://www.softwareadvice.com/insurance/claimable-profile/#key-features) ### Basic $79.00/month Our Startup plan is best for small teams or companies who are just getting started. ### Growth $129.00/month Our Growth plan is for growing teams looking to optimise their workflow. ### Established $239.00/month Our Established plan is ideal for larger companies, with distributed teams, needing advanced features.... [Read more](https://www.softwareadvice.com/insurance/claimable-profile/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/insurance/claimable-profile/#pricing-and-plans) ### Product: Commission Tracker [Commission Tracker](https://www.softwareadvice.com/commission/commission-tracker-profile/) 4.75 [(40)](https://www.softwareadvice.com/commission/commission-tracker-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary 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 policies based on agents, carriers or clients and utilize the search functionality to retrieve specific policy details from the database. Commission Tracker allows businesses to create new policies with information such as policy number, status, renewal date, client name, billing type and more. Managers can update the status of payments as open, partial, closed or orphan and view billing summaries with individual payment/chargeback details. Additionally, it lets users import data on the platform and generate reports on agent commissions, accounts receivable, payment discrepancy or policy status. The product is available on monthly subscriptions and on a one-time license basis. Support is extended via documentation, email, phone and other online measures.... [Read more](https://www.softwareadvice.com/commission/commission-tracker-profile/) ### Best rated features: Commission Management 5.0 Insurance Policy Management 5.0 Commission Statements 4.9 Percentage Commissions 4.8 ### Worst rated features: Accounting Integration 4.0 [See all features](https://www.softwareadvice.com/commission/commission-tracker-profile/#key-features) ### Product: EngageBay CRM [EngageBay CRM](https://www.softwareadvice.com/crm/engagebay-profile/) 4.65 [(908)](https://www.softwareadvice.com/crm/engagebay-profile/reviews/) Best for:Ease of use ### Pricing availability Free trial: Not available Free version: Available Software Advice Summary 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 over 150,000 companies worldwide, EngageBay enables teams to attract, engage, and delight customers with ease. Create content faster with AI-powered email and campaign generation, prioritize leads with AI deal scoring, and boost productivity with smart insights and automated recommendations. From marketing automation and sales CRM to helpdesk and live chat, EngageBay unifies all your growth tools to help you scale efficiently and build lasting customer relationships. Features of EngageBay include email marketing, landing pages, live chat/helpdesk, ticketing, telephony, appointment scheduling, contact management and more. It comes with a built-in CRM, which allows firms to manage and track all activities across customers, leads and deals as they proceed through pipelines. Additionally, it provides marketing capabilities for users to generate leads through automated email templates, customizable forms/popups, social media engagement and more. EngageBay enables businesses to use Zapier and Xero integration to connect the platform with several third-party applications such as Salesforce, Intercom, MailChimp, Hubspot and more. Pricing is available on monthly subscriptions and support is extended via documentation, phone and email.... [Read more](https://www.softwareadvice.com/crm/engagebay-profile/) ### What users love - Responsive and helpful support team - Affordable plans and strong value - Intuitive and user-friendly interface ### To take in mind - Email deliverability and limitations - Limited reporting and analytics depth ### Best rated features: Responsive Web Design 5.0 Multi-Campaign 5.0 Customer Engagement 5.0 Service Level Agreement (SLA) Management 5.0 [See all features](https://www.softwareadvice.com/crm/engagebay-profile/#key-features) ### Product: Insly [Insly](https://www.softwareadvice.com/accounting/insly-profile/) 4.88 [(17)](https://www.softwareadvice.com/accounting/insly-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary 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 looking to launch and distribute new products. Additional services like accounting, reporting, and claims management tools further enhance the platform's capabilities for streamlining and optimising insurance selling and admin processes. You can use Insly for: - Launching your insurance product - Distributing your insurance product - Accounting, reporting and data capture - Claims management and handling... [Read more](https://www.softwareadvice.com/accounting/insly-profile/) ### Best rated features: Billing & Invoicing 4.0 [See all features](https://www.softwareadvice.com/accounting/insly-profile/#key-features) ### Product: AgencyBloc AMS+ [AgencyBloc AMS+](https://www.softwareadvice.com/crm/agencybloc-ams-profile/) 4.73 [(129)](https://www.softwareadvice.com/crm/agencybloc-ams-profile/reviews/) Best for:Features ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary 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 satisfaction, and control costs in today's competitive market. AgencyBloc provides cloud-based agency management solutions that help insurance agencies stay organized and efficient, including sales enablement, quoting, client and policy management, commissions processing, and more. The dashboard lets users see ongoing activities at a glance, including both individual tasks and company-wide communication. The software offers many features for agents dealing with health and life insurance, including policy management and carrier tracking. Agents can attach notes or documents to contact and policy records for quick retrieval. Additionally, with Quote+, brokers can compare all types of health insurance offerings, including community rated, medically underwritten, and ancillary, in one central place with more valuable quoting and proposal tools. AgencyBloc gives users a 360-degree view of their business, from contacts to policies, ongoing interactions, and documents that can be accessed from anywhere with an internet connection. The software can be scaled to meet the needs of agencies of all sizes... [Read more](https://www.softwareadvice.com/crm/agencybloc-ams-profile/) ### Best rated features: Commission Management 4.8 Mobile Access 4.7 Activity Tracking 4.7 Contact Management 4.6 ### Worst rated features: Client Management 1.0 Policy Management 1.0 API 3.3 [See all features](https://www.softwareadvice.com/crm/agencybloc-ams-profile/#key-features) ### Grow $109.00/month Plans are customized to the insurance agency. Starts at $109. [See full pricing details](https://www.softwareadvice.com/crm/agencybloc-ams-profile/#pricing-and-plans) 1 [2](https://www.softwareadvice.com/insurance/?page=2)[3](https://www.softwareadvice.com/insurance/?page=3)[4](https://www.softwareadvice.com/insurance/?page=4)[5](https://www.softwareadvice.com/insurance/?page=5)[6](https://www.softwareadvice.com/insurance/?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: [Policy management](https://www.softwareadvice.com/insurance/policy-comparison/) Create, administer and manage insurance policies for various customers and insurance lines. [Claims management](https://www.softwareadvice.com/insurance/claims-management-comparison/) 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](https://www.softwareadvice.com/insurance/insurance-rating-comparison/) 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/)