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
Details
Pricing
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 |
The following dimensions are not included in the contract terms, which will be charged based on your usage.
Dimension | Cost/unit |
|---|---|
Upfront_Fees | $4,000.00 |
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