Launch innovative contests to motivate advisors and achieve business and campaign goals

SymbioSys Contest is a one stop service for Insurers to launch innovative contests to drive sales, promote products, improve revivals, drive recruitment etc. It uniquely addresses the contest /campaign needs of all types of insurers policy contracts, esp. Life, Annuity, Pensions, P&C, Group Life & Health. It ensures all its advisers and partners are well rewarded and also measures contest effectiveness.

SymbioSys Contest has helped 14 insurers across 9 countries to drive their business with over 400 contests for 3 million+ advisors and 100+ brokers/agencies

Business Challenges

• Longer lead time & high cost to launch new contest
• Significant manual computations due to system limitations
• Limited and delayed information sharing with advisors, thus reducing impact of contests

Business Drivers

• Reduce contest administration cost
• Improve dynamism in launching contest
• Share results regularly to influence better outcomes
• Measure overall contest effectiveness, learn and kaizen

Features

• Configure contest based on various combinations
• Change on-going contest parameters including awards from effective date with versioning
• Ability to define waiting period for administrative delays
• Dry run to publish intermediate results
• Analyze contest effectiveness
• Contest simulation

Benefits

• Drive your business goals thru innovative contests
• Motivate advisors to drive higher results
• Simulate and assess effectiveness before launching contest
• Improved time to market and reduced operation cost