Overview

Majesco Distribution Management is a next-generation platform designed to help insurance organizations expand their distribution channels, drive growth, and optimize operations in a multi-channel environment. As the insurance industry evolves, with agents and brokers consolidating and products becoming increasingly commoditized, insurers must create and sustain a competitive edge in their distribution landscape. Majesco's solution enables insurers to effectively manage compliance requirements with automated license checks, track licensing and appointments with real-time NIPR integration, and implement flexible commission and incentive compensation programs to attract and retain top producers. By providing flexible, innovative, and digitally driven capabilities, Majesco Distribution Management eliminates arduous manual work, allowing agents and brokers to focus on sales and growth.

Features and Capabilities

• Advanced Compensation & Incentive Management:
  • Automate the calculation, tracking, and payout of commissions and incentives.
  • Ensure accuracy, transparency, and timely rewards to motivate and retain top-performing distribution partners.
  • Improve user experience for back-office personnel with automatic approvals for additional compensation transactions.
• Real-time Analytics & Reporting:
  • Leverage powerful analytics and reporting tools offering real-time insights into distribution performance, agent productivity, channel profitability, and other key metrics.
  • Make data-driven decisions, identify trends, and optimize distribution strategies.
  • Save valuable time with automated synchronization of agent demographics and license-related alerts received from the Producer Database (PDB).
  • Access real-time data and generate customizable reports to monitor performance and identify areas for improvement.
• Seamless Integration & Scalability:
  • Leverage existing infrastructure and data with seamless integration capabilities.
  • Avoid costly disruptions and utilize current investments.
  • Designed to scale, accommodating evolving needs as carriers grow and adapt to changing market dynamics.
  • Offers a future-proof solution supporting long-term business strategies and expansion plans.
• Streamlined Onboarding:
  • Streamline the onboarding and training process for new recruits, ensuring a smooth transition.
  • Provide necessary tools and resources for success, enhancing productivity and reducing turnover rates.
  • Continue worry-free compliance with exception handling for agent training requirements.
• Multi-Channel Expansion:
  • Enable insurers to expand to new intermediaries and channels.
  • Effectively navigate compliance requirements with automated license checks.
  • Track licensing and appointments with real-time NIPR integration.
• Ease of Doing Business:
  • Provide flexible, innovative, and digitally driven capabilities to eliminate arduous manual work.
  • Free agents and brokers to focus on sales and growth.