Energize your distribution with innovative Incentives that deliver your business goals.
SymbioSys Incentive-as-a-Service is a one stop service for Insurance distributors 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 advisors 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 5 million advisors and 100+ distribution partners, processed across all implementations.
SymbioSys Incentive-as-a-Service is designed for the global insurance distributions needs and is proven with unique capabilities like:
Easily set up innumerable types of innovative Incentives with an ability to define weightages for products of insurers, driven by your business goal
Powerful rule engine to design various incentive and even performance metrics (KPI’s) needed for your goals. Create several KPI’s and even combinations there-of, for each incentive
Ability to map each Incentive to different hierarchy levels
Extend the information in real time to advisors, to create the necessary motivation and competitive zeal for excelling their performance
Experience new levels of operational effectiveness powered
by SymbioSys Incentive-as-a-Service capabilities to:
Proactively publish the performance data with advisors to deliver better result
Simulate/Conduct test runs in advance to test out the impact of the new incentive
Dry-run to allow easy verification before the final output
Learn, Refine & Optimize parameters to maximize the impact of incentive
Reusability of the rules / programs to design quick variants of the incentives
Handshake seamlessly with digital ecosystem with ready real time API interfaces.