SymbioSys Sales Enablement System (Bancassurance/TPD)
Key Insurers Challenges
The sales representative has to understand the products and documentation requirements to provide better customer service
High turnaround time for proposal to Risk acceptance
Lack of self-service capability inhibits sales representative’s ability to manage customer queries with confidence
High percentage of incomplete applications
Inability to provide differentiated service to improve customer/distributor experience
Key Business Drivers
Quick Sales Closure
Reduce turnaround time from proposal to Risk acceptance
Attract and retain key distributors
Motivate distributors to improve performance
System Overview
“SymbioSys Sales Enablement System is innovative solution for Bancassurnace and Third Party Distributors. It provides insurance sales tool for bank executives and producers of third party distributors for effective and efficient management of sales process for quick closure”
Key Differentiating Features
Product configuration for quick launch of new products
System driven product recommendation based on the customer need
Automated underwriting with decisions, based on the information captured
Ability to provide counter offer automatically for substandard cases
Ability to capture payment details including debit instruction
Ability to generate “Letter of Acceptance” and Requirements
Ability to operate even in off-line mode
Key Business Benefits
Quick sales closure with complete risk assessment
Improved customer / distributor experience
Lower cost of New Business acquisition
Differentiated distributor service helps in attracting and retaining key producers
