At SaasWorx, we configure NetSuite as the financial and operational backbone for MGAs and program administrators in India. Our ERP implementation supports key program management functions including premium accounting, bordereaux aggregation, capacity monitoring, commission recognition, insurer reconciliation, and regulatory reporting. With configurable data flows and automated workflows, NetSuite replaces spreadsheet-heavy processes for premium tracking, bordereaux production, and month-end close with a real-time, audit-ready ERP environment that scales with your portfolio.
500+
Projects Delivered
60+
Certified NetSuite Professionals
18+
Years of Expertise
6+
Countries Global Presence
As a certified Oracle NetSuite partner with deep cross industry expertise, SaasWorx brings hands-on implementation experience tailored to the unique demands of growing businesses from startups and mid-sized firms to multi subsidiary enterprises. We help organisations achieve full financial visibility, regulatory compliance, and the operational agility required to scale with confidence.
01
Seamless Bordereaux & Data Aggregation : SaasWorx configures NetSuite to aggregate policy-level premium, claims, and exposure data from multiple distribution sources brokers, coverholders, and direct channels into structured bordereaux outputs required by your capacity providers. Eliminate manual compilation, reduce data errors, and deliver accurate monthly and quarterly bordereaux to Lloyd's syndicates, fronting carriers, and reinsurers on time, every reporting period.
02
Automated Program Accounting Workflow Management : Streamline every financial workflow within your program portfolio using SaasWorx automation built on NetSuite. From premium written recognition and deferred commission amortisation through ceding insurer settlement, reinsurance cession accounting, and IRDAI Revenue Account preparation every financial event is triggered automatically, giving your finance team more time for analysis and less time on manual journals.
03
Scalable ERP for Growing MGA Program Portfolios : SaasWorx provides a flexible, enterprise-grade NetSuite configuration that grows with your MGA business. Add new program lines, onboard additional capacity providers, and expand into new insurance classes without re-engineering your ERP environment. Our architecture is designed to accommodate regulatory changes, new binding authority structures, and portfolio acquisitions keeping your technology investment relevant at every stage of your MGA growth.
From real-time capacity utilisation tracking to IRDAI-compliant financial reporting, every operational and regulatory requirement of an Indian MGA or program administrator is addressed within SaasWorx's NetSuite ERP configuration.
Every policy bound under a delegated authority triggers the correct premium accounting entries in NetSuite written premium recognition, earned premium calculation, unearned premium reserve, and deferred acquisition cost amortisation. SaasWorx maps each binding authority to its own GL segment so that program-level financial results are always visible without manual aggregation from policy-level spreadsheets.
NetSuite aggregates policy data by program, class, and binding authority to produce structured premium and claims bordereaux in the format required by each capacity provider Lloyd's syndicates, fronting carriers, or reinsurers. SaasWorx configures automated bordereaux generation workflows so your operations team produces accurate monthly and quarterly reports without manual data extraction and reformatting.
MGAs operating under binding authorities must monitor aggregate written premium and limit usage against capacity thresholds in real time. SaasWorx configures NetSuite dashboards that track premium written and aggregate exposure against each binding authority's authorised limits alerting your underwriting and compliance teams before capacity ceilings are breached and programme suspensions become a risk.
MGA income includes management commissions, overriders, profit commissions, and claims handling fees each with different recognition timing and accounting treatment. SaasWorx configures NetSuite revenue recognition rules for each income type within your program portfolio, ensuring your P&L reflects commercially earned income accurately and your IRDAI financial statements present MGA revenue in the correct format.
Settlements between your MGA entity, the fronting carrier, and reinsurers involve multiple financial flows—premium cessions, claim reimbursements, profit commissions, and management fees. SaasWorx configures NetSuite to track each settlement leg, match cash flows against expected amounts, and flag discrepancies for resolution, eliminating inter-company reconciliation delays that extend your quarterly close cycle.
Accurate claims data is as critical to MGA financial management as premium data. SaasWorx configures NetSuite to receive claims notifications, settlements, and reserve movements from your claims management system or TPA producing claims bordereaux for capacity providers, tracking IBNR reserves at the program level, and posting claims expense entries to the correct GL account and program segment automatically.
IRDAI-licensed program administrators and corporate agents must maintain financial records and submit regulatory reports in prescribed formats. SaasWorx configures NetSuite's chart of accounts, financial statement layouts, and reporting dimensions to produce IRDAI Revenue Account, P&L, and Balance Sheet data aligned to regulatory requirements directly from the NetSuite general ledger without manual reformatting or external consolidation tools.
MGAs managing multiple program lines motor, property, liability, health, specialty need financial results segmented cleanly by program for both management reporting and regulatory purposes. SaasWorx configures NetSuite class and department dimensions to maintain program-level financial separation while supporting consolidated entity-level reporting giving your CFO both granular program P&Ls and a consolidated MGA financial view from the same ERP data.
SaasWorx implements a real-time workflow monitoring environment in NetSuite that tracks premium postings, bordereaux generation jobs, settlement matching, and compliance report runs. Automated alerts notify your finance and operations teams when a data feed fails, a settlement is unmatched, or a capacity threshold is approached so exceptions are addressed before they affect your capacity provider relationships or IRDAI compliance position.
Discover how SaasWorx configures NetSuite ERP and CRM to automate points accrual, tier management, rewards redemption, CMS-driven engagement, and loyalty liability accounting giving your business a unified, scalable loyalty programme platform without disconnected third-party tools.
Maximise the operational and financial performance of your program business by implementing NetSuite with SaasWorx's specialist MGA and program administrator ERP services designed specifically for the Indian insurance distribution and regulatory environment.
SaasWorx delivers specialised NetSuite ERP solutions for MGAs and programme administrators, combining expertise in delegated underwriting, programme finance, and IRDAI compliance. With 500+ clients, 60+ professionals, 18+ years of experience, and operations across 6+ countries, we configure NetSuite to automate bordereaux production, capacity monitoring, cession accounting, and regulatory reporting replacing spreadsheet-driven programme management with a secure, scalable ERP platform.
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VP Finance, To The New
Financial Controller, Silverpush
DGM, Bajaj Finance Ltd.
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