Sold by: C2L BIZ Solutions
SymbioSys Incentive-as-a-Service
Overview
SymbioSys Incentive-as-a-Service 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 and C, Group Life and 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.
SymbioSys Incentive-as-a-Service is designed for the global insurance distribution channel needs and is proven with unique capabilities like
- Easily set up innumerable types of innovative Incentives that are needed for your business goal
- Powerful rule engine to design various incentive and even performance metrics (KPIs) needed for your goals. Create several KPIs 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 agents to deliver better result
- Simulate or Conduct test runs in advance to test out the impact of the new programs
- Dry-run to allow easy verification before the final output
- Learn, Refine and Optimize parameters to maximize the impact of programs
- Reusability of the rules or programs to design quick variants of the program
- Handshake seamlessly with digital ecosystem with ready real time API interfaces.
Highlights
- Enhance adaptability thru different types of year, block of business, cooling-off period, review period 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,Simulate incentive
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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.
Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator to estimate your infrastructure costs.
Dimension | Description | Cost/month |
|---|---|---|
Initial Setup Fees | Initial Setup Fees for the number of months of implementation | $1,675.00 |
Subscription Fees GoLive | Subscription Fees - Post Go-Live | $1,075.00 |
Dimension | Cost/unit |
|---|---|
Upfront_Fees | $4,000.00 |
Dimensions summary
This contract combines three separate charges that follow the project timeline. You pay Upfront Fees at the start of the engagement. You pay Initial Setup Fees based on the number of months the implementation takes, so this charge scales with implementation length. After the service goes live, you pay ongoing Subscription Fees. These dimensions are not tiers or alternatives. They stack together across the lifecycle: onboarding first, then recurring subscription once you are running. The service supports incentive management for insurers and distributors across multiple policy types.
Top-of-mind questions for buyers
This fee covers the implementation phase, such as configuring the service and preparing it for your business. You are billed based on how many months implementation takes. A longer implementation means more months of setup fees. The exact duration depends on your project scope and is confirmed with the vendor.
The three charges apply at different stages, not as alternatives. You pay Upfront Fees at the start and Initial Setup Fees during implementation months. Once the service goes live, Subscription Fees begin as a recurring charge. Onboarding costs come first; the subscription continues afterward while you use the service.
No. The Subscription Fees apply only after the service goes live. During the earlier stages you pay Upfront Fees and Initial Setup Fees instead. The recurring subscription charge begins once implementation finishes and you start running the incentive management service.
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