Distribution Software
Majesco Distribution Management
Distribution Management Software
As agents and brokers continue consolidation and insurance products get increasingly commoditized, the distribution landscape is where insurance providers must create and sustain a competitive edge. Distribution management solutions must enable insurers to expand to new intermediaries and channels by effectively navigating compliance requirements with automated license checks, track licensing and appointments with real-time NIPR integration and empower flexible commission and incentive compensation programs to attract and retain the best producers. As independent agencies and brokers continue to consolidate, they seek insurers who will provide “ease of doing business” through flexible, innovative, and digitally driven capabilities that eliminate arduous manual work, freeing them to focus on sales and growth.
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Advanced Compensation & Incentive Management
Advanced Compensation & Incentive Management
Easily manage and automate the calculation, tracking, and payout of commissions and incentives, ensuring accuracy, transparency, and timely rewards helping to motivate and retain top-performing distribution partners, driving business growth. With additional compensation transactions available for automatic approvals, this results in improved user experience for back-office personnel.
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Real time Analytics & Reporting
Real time Analytics & Reporting
Leverage powerful analytics and reporting tools that offer real-time insights into distribution performance, agent productivity, channel profitability, and other key metrics to make data-driven decisions, identify trends, and optimize their distribution strategies. Now with more automation to sync Agent Demographics and License related alerts received from PDB, you will save valuable time and effort on reporting. The ability to access real-time data and generate customizable reports empowers you to monitor performance, identify areas for improvement, and stay competitive in the market.
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Seamless Integration & Scalability
Seamless Integration & Scalability
Majesco Distribution Management enables insurance carriers to leverage their existing infrastructure and data by providing seamless integration capabilities with existing systems and technologies. This allows carriers to avoid costly disruptions and leverage their current investments. Additionally, Majesco Distribution Management is designed to scale, accommodating the evolving needs of carriers as they grow, expand, and adapt to changing market dynamics. It offers a future-proof solution that can support long-term business strategies and expansion plans.
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Streamlined Onboarding
Streamlined Onboarding
Majesco Distribution Management streamlines the onboarding and training process for new recruits, ensuring a smooth transition and providing the necessary tools and resources for their success, continuing our worry-free compliance trend with exception handling for Agent training requirement. This enhances their productivity and reduces turnover rates
- Advanced Compensation & Incentive Management
- Real time Analytics & Reporting
- Seamless Integration & Scalability
- Streamlined Onboarding
“We are passionate about providing the best insurance experience for those we serve. Investing in next gen technology aligns with our strategy to constantly innovate and challenge the status quo. Our strategic partnership with Majesco will modernize our insurance platforms, transform our business operations, fuel growth for existing lines of business, and accelerate our ability to offer new products to address the risk and market demands of our customers.”
Matt Crum, President, Frank Winston Crum Insurance (FWCI)
Insurance Solutions
Featured Resources
Blog
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Blog
Helping SMBs and Employees Thrive With Group and Voluntary Innovations
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FAQ
Distribution management platforms must enable insurers to manage their distribution force with increasing sophistication including managing existing and new channel options, such as marketplaces, embedded insurance in other businesses, comparison sites and direct distribution as well as compliance including licensing and appointment, compensation, and producer relationship management.
Majesco’s distribution management platform enables insurers to optimize their distribution channels with rich digital, distribution and data capabilities including unlimited lines of business, products, compensation structures and hierarchies across both P&C and L&A segments, built-in reporting and analytics with a robust data warehouse, centralized producer relationship management and performance monitoring, and built-in document management capabilities.
A 3D strategy – digital, distribution and data – to build, manage and optimize a multi-channel network —from front to back office. Distribution Management provides a new platform that brings digital, distribution and data together for a new era of insurance to help insurers optimize and grow business.
