Carrier & Agency Link: For a group that both carries risk and places it

Joins a group's insurance carrier and its brokerage on one system: own-group business told apart from third-party, contracts mirrored into the brokerage book, intra-group commission flagged, remittances raised from the carrier's own transactions, and the group carrier quoted from inside the brokerage.

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Priced on policies in force. Free instant access, no credit card required.

Works with

Insurance Management
Insurance Agency Management

What's inside

Everything in Carrier & Agency Link

20 items in 6 areas, every one shipping with the app today.

How it works
- Our own group's business, or somebody else'sA group that owns a licensed carrier and a brokerage runs them as two companies on one system, and one record joins them: the brokerage as the carrier knows it, and the carrier as the brokerage knows it. From that record every placement in the brokerage's book says whether it sits with the group's own carrier or with a third-party insurer — decided from the carrier the placement names, so a policy keyed by hand is classified the same way as one mirrored. Contracts the brokerage placed with the group carrier are put into its book of business every night or on a button, and its expected commission is priced by its own commission agreement rather than by the carrier's rate.
- A remittance read from the carrier's own transactionsBetween two companies in one group, commission usually still moves by file: the carrier exports, the brokerage imports, and policy numbers are compared as text. Here the remittance is raised from the carrier's own transactions for a period, and every row carries the contract and the version it came from, so the brokerage's statement is matched on record identity and worked through the same exception queue as any other carrier statement. Commission owed by a carrier inside the group is flagged intra-group on the commission ledger, so a group report can leave it out instead of counting it twice.
Link
- Two companies, one groupA brokerage company and a carrier company, one record per pair.
- Named both waysThe carrier as the brokerage knows it, and the brokerage as the carrier knows it.
- Across the linkContracts on the carrier, in the brokerage book, not yet in the book, and remittances.
- One currencyA remittance is refused when the two companies keep their books in different currencies.
Book
- Mirrored nightlyIn-force contracts placed with the group carrier go into the brokerage book every night.
- Or on a buttonPlace contracts in the book from the link whenever you need to.
- Never twiceA contract that already has a placement is not placed again.
- Own group or third partyEvery placement says where it sits, decided from the carrier it names.
Commission
- Expected from your agreementPriced by the brokerage's own commission agreement, not the carrier's rate.
- Intra-group flagCommission owed inside the group is flagged on the ledger for group reports.
Remittance
- From the carrier's transactionsNo export and no import between the two companies.
- Previewed firstRows and commission are shown before the statement is written.
- Missing contracts firstOptionally places contracts not yet in the book before raising it.
Rating
- Quote the group carrierPrice a risk against the carrier's own products from inside the brokerage.
- Inside the systemThe carrier's rating service is called directly: no HTTP round trip, no secret on a wire.
- Logged like any brokerEvery call is attributed to a carrier-side key and logged as an API call.
- Referrals keptA product that must be priced by a person comes back referred, not failed.
- The enquiry stays with the carrierThe submission and quote are created on the carrier's book; the brokerage book is untouched.

Works with

What Carrier & Agency Link works with

Carrier & Agency Link shares one database with the rest of the Insurance Suites and BridgeERP: these are the apps it already talks to, with nothing to buy in between.