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Insurance Brokers And Agencies Management in United Kingdom

What professionals in this field deal with in United Kingdom, from official sources, and a program built for the profession that keeps your records on your own computer.

From $5 a month (about 3.75 GBP)

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Official systems and rules for this profession in United Kingdom

Bawabetna summaries of official publications, each linked to its source. The official text prevails. These systems are run by the authorities: you use them directly, and the program keeps your own records organised alongside them.

The general prohibition (Financial Services and Markets Act 2000)

No person may carry on a regulated activity in the United Kingdom, or claim to do so, unless they are an authorised person or an exempt person. Insurance distribution is among the regulated activities, so brokers and agents need authorisation or exemption.

Financial Services and Markets Act 2000, section 19 · Official source

What the program does

  • Working screens: Client, Insurer, Policy, Renewal, Quote, Endorsement, Insurance claim, Commission receipt, Document, Service, Invoice, Payment, Refund.
  • Home page alerts: Policies expiring (60 days), Renewals in progress, Open claims, Quotes awaited from insurers.
  • Reports: Premium by line, Commission expected and received by insurer, Renewals by status, Claims by status, Revenue by month, Revenue by service and more.
  • Printing: Print invoice, Print the quote comparison.
  • Roles with their own permissions: Broker owner, Account executive, Claims officer, Accountant, Manager.

Full program details

Common to every Bawabetna program

  • Your records stay encrypted on your own devices
  • Works without internet
  • 16 languages, printing and backups
  • Import from your previous software
  • Clients control their own consent

Business rules in United Kingdom included in your program

VAT: rates

Standard rate 20% for most goods and services; reduced rate 5% for some (for example children's car seats and home energy); zero rate 0% for specified goods and services (for example most food and children's clothes). Some things are exempt, such as postage stamps and financial and property transactions. The standard rate rose to 20% on 4 January 2011. Reference: GOV.UK.

Official source

Other professions in United Kingdom

Insurance Brokers And Agencies Management in other countries

Bawabetna in United Kingdom