Overview
SymbioSys Hierarchy Management-as-a-Service is a powerful service that enables the insurance carrier to manage multiple complex hierarchies (like reporting, monitoring, recruitment, geographical, etc.) with no limitations on the number of tiers. This helps in ease of overrides computation, ease of administration and incentivization, automated hierarchy changes based on events like Termination, Promotion etc. It is a unified service that supports Life, Annuity, Pensions, P&C and Health lines of business. SymbioSys Hierarchy Management is extensively used by 14 delighted insurers across 9 countries. It has managed over 5 types of different hierarchies for 4 plus channel models.
SymbioSys Hierarchy Management -as-a-Service is designed for the global insurance distribution needs and is proven with unique capabilities like
- Ability to configure a parallel hierarchy (for insurers and distributors) for effective monitoring
- Ability to manage automated movements and changes within the hierarchy on events like termination, transfer of entity or individuals or portfolio with email notifications highlighting the changes
- Provides graphical views of the current hierarchy (both top-down and Bottom-up) and the historical snapshot
- Amendments in the hierarchy can be easily done based on the need or thru BULK upload
- Maintain proper audit trails for all changes in hierarchy with effective dates
- Handshake seamlessly with digital ecosystem with ready real time API interfaces
Highlights
- Multiple types of hierarchies such as reporting, monitoring, recruitment, geographical, Account Manager etc. with unlimited tiers
- Can create parallel hierarchy for distributors, Graphical view of hierarchy,Change/add designations in hierarchy, Transfer of entity within or across hierarchy
- Termination and portfolio transfer, Ability to define team for specific opportunity, Maintains audit of changes by effective dates
Details
Features and programs
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Pricing
Dimension | Description | Cost/month |
|---|---|---|
Initial Setup Fees | Initial Setup Fees for the number of months of implementation | $2,965.00 |
Subscription Fees GoLive | Subscription Fees - Post Go-Live | $1,865.00 |
The following dimensions are not included in the contract terms, which will be charged based on your usage.
Dimension | Cost/unit |
|---|---|
Upfront_Fees | $7,500.00 |
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Sumanas Kar +919920378416
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