Energize your distribution with Innovative Incentives that deliver your business goals.

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.

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

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

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