Overview

SymbioSys Incentive is a one stop service for Insurers that provides flexibility to address your business needs and thus ensures that the incentives work completely for their desired objectives. Said Service uniquely addresses the incentive needs of all types of insurers policy contracts, esp. Life, Annuity, Pensions, P&C, Group Life & Health. It ensures, all your distribution channels and partners are well motivated to deliver the results.

SymbioSys Incentive has a proven track record and is being used by 14 delighted insurers across 9 countries and powers over 500 unique incentives. It is capable of handling high volumes – with over 10 million policies processed and over 4 million advisors processed across all implementations.

Availability:

On Premise

On Cloud

SymbioSys Incentive for Distributors Functional Component

Business Challenges

  • Time and cost to launch new incentive
  • Manual incentive computations due to system limitations
  • Computational errors leading to dissatisfaction
  • Computation on consolidated business from all Insurer’s with different product weightages

Business Drivers

  • Reduce distribution operation cost
  • Quick launch of incentives
  • Faster incentive disbursement

Key Features

  • Enhance adaptability thru different types of year, block of business, cooling-off period, review period, weightage by Insurer etc.
  • Change an on-going incentive definition and/or parameter(s) from effective date with versioning.
  • Waiting period to manage peak volume
  • Dry run to publish intermediate results
  • Incentive simulation

Business Benefits

  • Attract and motivate advisors thru innovative incentives
  • Drive product sales thru weightages by premium and insurer
  • Improve sales thru catch-up feature, periodic information sharing
  • Drive competitive advantage thru reduced operation cost

Case Study

Excellence is not attained in a day! Our teams have worked beyond expectations to attain in-depth knowledge and offer customized solutions to our clients and partners. We carefully analyse our reach and every strategy to stay true to the time.

Motivating Agents for Self-Servicing with Accurate & Real-Time Performance and Information

One of the fasted growing & leading Digital Insurance companies in South East Asia with a line of business spanning…

Insurer leverages millennials as a new channels with Innovative performance linked salaries

One of the rapidly growing Indian Life, a JV of the insurer headquartered in Europe with a large Indian Retail…

A leading Malaysian Insurer leveraged SymbioSys DMS for ensuring regulatory compliant compensations

A leading international financial services organization, with a strong reputation for business practices, community contributions and sustainability.

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