Key Insurers Challenges

Timely and accurate commission processing

Time and cost of introducing new distribution channel or compensation scheme

Manual monitoring of contests

Provision of up-to-date status on contest position to distributors

Complex hierarchy management and performance reporting

Back dated movement Management

Key Business Drivers

Attract and retain key distributors

Motivate distributors to improve performance

Track distributor performance for timely actions

Automate distributor movements

Reduce Distribution operations management cost

System Overview

“SymbioSys Distribution Management System is unified solution for managing compensation of all types of distributors.It helps in improving operational efficiency, provides flexibility to attract and retain key distributors through unique compensation definition, motivates distributor to improve sales through innovative contests,monitoring of distributor performance through analytics and helps in reducing distribution operation cost”

Click on the image to enlarged view

Key Differentiating Features

Multiple Hierarchies: Ability to define ‘N’ tier multiple hierarchies viz, commission, monitoring, partner’s internal organization structure etc

Configuration: Ease of configuring new channels, partners, producers

Flexibility: Flexibility in KPI and persistency definition

Compensation Definition: Differentiated commission, incentive rule definition for partner/producers

Discerning Analytics: Performance analytics using dashboards

Agency Movement: Automated agency movement with backdating

Key Business Benefits

Enhanced ability to attract and retain partner through differentiated compensation scheme

Enhanced partner’s motivation through innovative contests

Lower cost of Distribution Management

Better focus on producers, partners and geographies for improved sales