Insurance Brokerage Management
Broker, agency and MGA system - insurer commission terms, side by side market quotes, policies with instalments and insurance premium tax, mid-term endorsements pro rated over the remaining term, a renewal pipeline with retention, claims with reserves and adjusters, and commission expected against commission actually received.
- Category
- Services/Insurance
- Odoo version
- Odoo 19.0
- Price
- USDย 299
- Odoo Apps Store
- Listed
Written for a retail broker, a commercial agency or a managing general agent placing risks with several carriers. It follows a piece of business from the first enquiry to the commission landing in the bank, and keeps the paper trail the regulator asks for. Runs on Odoo Community.
Placing the risk
- โ A quotation captures the risk once: sum insured, excess, cover dates, the vehicle, the address, the vessel, the turnover, the prior claims
- โ Several insurer quotes sit side by side on the same record, each with its own premium, excess, cover level, terms and commission
- โ A carrier that will not quote is recorded as a decline with the reason, so next year you know who to stop asking
- โ Winning a quote asks which quote was taken and why. Price, wider cover, claims service, the only carrier with capacity: the reason is part of the file, not somebody's memory
- โ Losing one asks the same question the other way round, including whether it went to another broker and which one
The policy
- โ Inception, expiry, sum insured, premium, and the insurance premium tax held separately from the premium, because it is a tax, not income
- โ A regulatory reference on every policy, built from the class code, so a return can be run off the book
- โ Commission calculated from the carrier's own terms for that class, with a separate renewal rate where the carrier pays less for renewed business
- โ Instalment plans: single premium, half yearly, quarterly or monthly, with the rounding remainder put on the first instalment rather than left hanging
- โ Cancellation returns the unused premium pro rated over the days left to run
Mid-term changes
- โ An endorsement records what changed, when it takes effect and what it would cost for a whole year
- โ The system pro rates that figure over the days remaining, works out the tax on it and the commission on it, and writes the change back onto the policy when it is applied
- โ A reduction in cover produces a return premium and a commission clawback, with the same arithmetic in reverse
Renewals
- โ Policies expiring inside the renewal window are flagged every night and the client is invited to renew
- โ Each expiry is marked retained, lapsed or lost to another broker, so the retention rate is a number off the book rather than a guess
- โ A renewal carries the previous policy forward, which is how the renewal commission rate gets picked up
Claims
- โ Notification date recorded next to the date of loss, and the gap between them measured, because late notification is what prejudices a claim
- โ Reserve, excess, adjuster and adjuster reference, insurer claim number
- โ Settlement, or repudiation with the reason written down
- โ Every claim feeds the client's loss ratio, which is what the market asks for at renewal
Money
- โ Commission expected on every policy and every endorsement, reconciled line by line against what the carrier actually paid and when
- โ A shortfall outside tolerance is flagged rather than absorbed
- โ Commission by class and by carrier, and a commission invoice raised to the carrier where the account works on invoicing rather than statements
Compliance
- โ A disclosure record for each thing said to the client and when it was said: terms of business, demands and needs, the product information document, how the firm is paid, cancellation rights, the renewal notice
- โ Policy documents issued is one of those records, with the date and the method
- โ A policy will not go on risk until the disclosures the firm insists on are on file, and that rule is a setting rather than a code change
- โ Requires Odoo 19 Community with Accounting.
What you get
- โFull module source code: Python, OWL, XML and CSS
- โInstallation on your Odoo instance, or a copy you install yourself
- โWritten documentation and a user guide
- โA one-hour walkthrough with your team
- โ90 days of bug-fix support
Buy it on the Odoo Apps Store
Insurance Brokerage Management is published on apps.odoo.com at USDย 299. Buy there and you get every update we publish for that version.
View on Odoo AppsRelated modules
Auto Repair Garage & Workshop Management
Garage and workshop ERP - job cards from estimate to invoice, vehicle records with VIN and odometer history, red amber green inspection sheets, flat rate labour against clocked time, parts off stock, roadworthiness tests, service reminders on mileage or months, courtesy cars and gross profit split between labour and parts.
Services/AutomotivePharmacy & Drug Store Management
Retail pharmacy ERP - batch and expiry tracking on stock lots, FEFO dispensing, allergy and interaction checking, controlled drug register, generic substitution, insurance claims with co-pay split, near-expiry write-offs and margin per dispense.
Services/PharmacyAgriculture & Farm Management
Farm ERP - fields with land parcel references, crop cycles with gross margin per hectare, field work with labour and machinery costs, input applications with pre-harvest intervals that block an early harvest, herds, breeding, milk records and paddock rotation.
Services/AgricultureOnline Appointment Booking
Publish bookable appointment types on your website. Timezone correct slots, staff and resource assignment, confirmation and reminder emails, cancel and reschedule.
Services/AppointmentWT Car Wash Management
Complete Car Wash ERP - Bookings, Wash Packages, Service Bays, Staff, Commissions, Portal Booking & Invoicing
Services/Car WashConstruction & Material Management
Complete construction project, BoQ, materials, labour, equipment, subcontracts, costing & analytics for Odoo 19.
Services/ConstructionNeed it to work a little differently?
Every module here started as a client request. Tell us what is missing and we will quote the change, or build the thing you actually need.