Agency | Magenta Insurance Systems
Agency
Magenta provides a flexible back office system for the processing of Travel Insurance certificates sold via a third party agent.
- 100% Web Based
- Flexible pricing model
- Infants, Children and 7 Adult age bands
- Individuals, Couples, Families, and Single Parent Families
- Client definable Destinations
- Client definable Durations
- Different prices available for different cancellation periods
- Per policy and Per Person option handling
- Production of Invoices to agents with multiple IPT ratings for different markets.
- Cash payments and reconciliation against invoices
- Data feeds to third party nominal ledgers
- Gross / Net / Commission / Net to Underwriter calculations and Premium Bordereaux
- Cancellation and Endorsement options with full tracking for credits to invoices and bordereaux
- Self-managing administration section allowing a non-technical administrator to create schemes; maintain prices and options; and manage multiple Agents
- Comprehensive reporting tool for the production of tailorable management information reports. See Magenta Reports
- Can be connected to public websites to allow agents to issue own certificates and manage their own accounts. See Magenta Connect
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