Sold by: C2L BIZ Solutions
SymbioSys Contest as-a-service
Overview
SymbioSys Contest-as-a-Service 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 or campaign needs of all types of insurers policy contracts, esp. Life, Annuity, Pensions, P and C, Group Life and 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 or agencies
SymbioSys Contest-as-a-Service is designed for the global insurance distribution needs and is proven with unique capabilities like
- Ease of configuring innumerable types of innovative contests or campaigns to drive performance for a specific business goal like promoting product, increase sales, drive recruitment etc., by leveraging its powerful rule engine
- Launch multiple concurrent contests uniquely for different partners, geographies, products etc.
- Ability to measure contest performance to improve effectiveness of contest
- Reusability of the rules to design quick variants of the contest or campaign
Enhance the contest effectiveness powered by SymbioSys Contest-as-a-Service capabilities to
- Simulate or Conduct test runs in advance to test out the impact of the new contest or campaign before launch
- Change the on-going contest parameters to maximize the impact of the contest
- Extend the information in real time to advisors, to create the necessary motivations and competitive zeal for excelling their performance
- Handshake seamlessly with digital ecosystem with ready real time API interfaces.
Highlights
- 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
- Analyse contest effectiveness, Contest simulation
Details
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Pricing
Pricing is based on the duration and terms of your contract with the vendor, and additional usage. You pay upfront or in installments according to your contract terms with the vendor. This entitles you to a specified quantity of use for the contract duration. Usage-based pricing is in effect for overages or additional usage not covered in the contract. These charges are applied on top of the contract price. If you choose not to renew or replace your contract before the contract end date, access to your entitlements will expire.
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Dimension | Description | Cost/month |
|---|---|---|
Initial Setup Fees | Initial Setup Fees for the number of months of implementation | $1,495.00 |
Subscription Fees GoLive | Subscription Fees - Post Go-Live | $1,000.00 |
Dimension | Cost/unit |
|---|---|
Upfront_Fees | $3,500.00 |
Dimensions summary
This contract-based service splits pricing into three separate charges you pay across the project lifecycle. You pay Upfront Fees at the start. You pay Initial Setup Fees based on the number of months of implementation, so this charge scales with how long setup takes. After the service is running, you pay Subscription Fees Post Go-Live for ongoing use. These dimensions are sequential stages rather than competing tiers. Together they cover onboarding, implementation, and continued access to the contest management service for insurers and distributors.
Top-of-mind questions for buyers
This fee is charged per month of implementation. It scales with how long your setup takes to complete. A longer implementation means more months billed, while a shorter one means fewer. The total depends on the agreed implementation timeline before your service goes live.
You pay Upfront Fees at the start of the engagement. Initial Setup Fees apply during implementation, billed per month of that phase. Subscription Fees begin only after go-live and cover ongoing use. The charges apply at different stages, so they do not overlap as competing choices.
After the service is running, Subscription Fees Post Go-Live cover continued access to the contest management service. This supports configuring contests, changing on-going contest parameters, running dry runs for intermediate results, and analyzing contest effectiveness for insurers and distributors.
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