Practice and SME sales
Data room for selling an insurance agency or broker
Short answerInsurance brokers and agencies are valued on commission income and client retention. Share registration, insurer agreements, anonymised commission data and compliance records; client names only with the final buyer.
How it works in Singapore
Insurance broking in Singapore is consolidating, with regional and global brokers buying local firms.
Best data rooms for insurance agency sales
Our five measures re-weighted for this use case, with a small bonus for rooms built for it. Prices before 9% GST.
- 1
Ellty ~S$191/mo 9.2 Visit Ellty - 2
iDeals On quote 8.6 - 3
Datasite On quote 8.5 - 4
Ansarada On quote 8.5 - 5
Firmex On quote 8.4 - 6
Intralinks On quote 8.3 - 7
Drooms On quote 8.2 - 8
Citrix ShareFile ~S$70/mo 8.1 - 9
Box ~S$19/user/mo 8.1 - 10
CapLinked ~S$382/mo 8.0
27%Security19%Deal tools18%Permissions20%Ease of use17%Cost
Folder index for insurance agency sales
01
RegistrationMAS registration.
02
Insurer agreementsAgency and binding agreements.
03
CommissionsAnonymised commission data.
04
ClientsPortfolio summary.
05
CompliancePolicies and audits.
Singapore rules that apply
Insurance Act
Insurance brokers are regulated by MAS; changes in control may need approval.
PDPA
Client data must be anonymised for early due diligence.
Features you need
| Feature | Why it matters here | Rooms in our top 10 that list it |
|---|---|---|
| View and download control | Each file can be set to view-only, print or download, and the setting can be changed later. | 9 of 10 |
| Audit trail | Time-stamped history of who opened, printed or downloaded each document, exportable for a dispute, insurer or regulator. | 10 of 10 |
| Redaction | NRIC numbers, salaries or client names are blacked out on the platform, with no second copy of the file to manage. | 5 of 10 |
How to set it up
- Anonymise commission dataBy client code.
Mistakes to avoid
- Insurer consents not obtained.
- Client concentration hidden.
Questions people ask
Do insurer agreements transfer?
Often insurer consent is needed on a change of control.
What drives value?
Recurring commission income and retention.
Is MAS approval needed?
Possibly, depending on the licence and control change.