Insurance accounting demands a different approach.

The insurance industry has been through turbulent times of late. Plummeting investment income,
a worsening ratings environment, far-reaching regulatory change, and the long-term challenges of
unreported losses have painted a dismal picture.  However, its not all doom and gloom.  Senior industry figures are optimistic that companies with the flexibility to adapt to new regulations and overall visibility of operations will weather the storm.

How can SunSystems help?

Our proposition is simple.  Using SunSystems insurance functionality at the heart of your organization, you can:

• Support the multi-faceted nature of broking transactions with real time update across mutiple ledgers and support financial managment processes in insurance brokerage.
• Manage your cash flow.  Our "Pay-as-Paid" functionality only releases funds to a carrier or client when they have been received from the other party.  Equally, claims are only settled to the client when funds have been collected from the carriers/underwriters who are bearing the risk. 
• See the carriers to whom you owe money for premiums, and from which carriers money is due for claims.  Similarly, carriers can see their position with each client, using our "Principal to Principal" functionality.
• Use multi-currency transactions.
• Produce broker statements in user definable formats.
  

Our credentials

SunSystems is a multi-company, multi-currency, multi-lingual and multi-cultural - it easily copes with the different accounting and business practices of the major insurers' international markets.  We have been working with the insurance industry for over 15 years.  Our strengths lie in our industry knowledge, global reach with local support, low total cost of ownership, analytic capabilities and low risk solution.  Our customers include Willis, MetLife, Scruggs Consulting, AXIS Specialty and AON Risk Services as well as many others around the globe.