Insurance Distribution Management Software

Insurance Distribution Channel Management Software

Q: How does Majesco’s distribution management platform support different channels?

"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 analtyics with a robust data warehouse, centralized producer relationship management and performance monitoring, and built-in document management capabilities. "

Agility to expand distribution channels to drive growth and create ease of doing business through digital capabilities to accelerate speed-to-market

Distribution Management Capabilities For Today and Tomorrow

Create and execute innovative distribution strategies to optimize existing channels and rapidly expand new ones

Competitive edge

Optimize and expand distribution channels with unique hierarchies and compensation models to drive growth

Multi-Channel

Manage multi-channel distribution on a single platform to optimize performance

Producer and Channel Performance

Leading-edge technology to align, compare, and maximize producer and channel compensation with business strategy

Drive Growth

Recruit and retain the best agents and brokers to drive growth

UNIQUE 3D – DIGITAL, DISTRIBUTION, DATA - CRITICAL BUSINESS CAPABILITIES FOR GROWTH IN A MULTI-CHANNEL WORLD

Delivering agility you need to adapt to an ever-changing distribution landscape

Channel experience

Drive growth and enhanced recruitment with robust digital capabilities

Speed to market with automated onboarding from application to ready to sell from weeks to hours or days, reducing complexity and improving efficiencies
Attract and retain top producers and channels with the digital self-service capabilities they expect and demand
Deliver real-time access to commission and payment statements and other self-service needs
Make it “Easy to do Business” with you with robust digital portal and mobile capabilities

Channel Management

Accelerate and optimize your channel strategy with a robust, flexible, rules-based compensation management platform

Quickly launch and manage new distribution channels and models with ease
Manage multi-channel distribution across all lines of business with a single, comprehensive platform
Ensure compliance consistency with integration to National Insurance Producer Registry (NIPR) Gateway rules updates for states with NIPR’s producer database
Integration with DTCC’s Compensation file to support the life and annuity segment
Expanded APIs including background checks, active license checks and agent questionnaires

Channel performance

Track and optimize channel performance

Track and optimize channel performance with advanced reporting and dashboards
Export data to advanced analytics such as artificial intelligence and machine learning
Compare producer and channel performance across a wide range or parameters – including targeted sales versus actual sales, persistency, and more
Generate configurable reports by roles and functions to provide easy and secure access to channel performance insights

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Delivery and Consulting Services for Majesco Distribution Management

Ensuring delivery success as you transform your multi-channel distribution strategy

Meet our customers who own the future of insurance

Westfield Insurance is dedicated to delivering superior and innovative service to our agents enabling them to serve our customers, today and into the future. Our investment in Majesco Distribution Management represents our continued commitment to the agent channel.

Craig Welsh, Group Chief Distribution Officer at Westfield Insurance

Read how Westfield Insurance is Leading a new era of distribution

Distribution Management platform is a critical investment for Insurers digital strategies. This solution brings the power of connecting insights, data and workflow of distribution channel and partners to digital strategies and operational plans. Beyond providing digital engagement for distribution channel partners, this solution optimizing distribution operations and bring new data analytics and insights to channels and relationship management in this digital era. It’s a must investment, and Majesco latest release offers all critical capabilities.

Deb Smallwood, CEO & Founder of Strategy Meets Action

HEAR WHAT INDUSTRY EXPERTS ARE SAYING ABOUT THE FUTURE OF DISTRIBUTION MANAGEMENT

The Future of Insurance is golden. We live in the Golden Age of Insurance, independent agent channel, innovation, customer engagement and new products.

Chip Bacciocco, CEO of TrustedChoice.com

Listen to the Podcast

Being a customer obsessed company, we are always exploring partnerships that contribute in enhancing our customers’ experience directly or indirectly. An engaged and effective sales force is very important for creating a base of happy customers. We believe that the partnership with Majesco Distribution Management will play an important role in helping us automate and speed up the rewards and incentive process. It will also bring in greater transparency through the system based process.

Tapan Singhel, MD & CEO Bajaj at Allianz General Insurance

In the press

We apreciate Majesco’s commitment and industry reputation for on-time delivery of their cutting edge solutions. Majesco Distribution Management provides a robust, modern platform to not only meet our current needs but is also geared to support fast evolving business requirements. An efficient distribution operation is at the core of RNLIC’s growth plans and we look forward to this partnership in effectively scaling up our distribution operation.

Srinivasan Iyengar, COO at Reliance Nippon Life Insurance Company CTA

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DISTRIBUTION MANAGEMENT RESOURCES

Succeed in a Multi-Channel World

Rethink distribution and execute with a digital, multi-channel focus

The Future of Distribution Management

Cohesively accelerate to the Future of Distribution Management

See how

Distribution in the Age of Digital Insurance

Today’s digitally-driven customers are demanding multi-channel options

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Optimize your distribution management operation

A future forward Distribution Management Strategy

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FAQS

What is an insurance distribution management platform?

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.

How does Majesco’s distribution management platform support different channels?

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.

How does Majesco support digital, data and distribution management to meet carriers needs?

A 3D strategy – digital, distribution and data – to build, manage and optimize a multi-channel network —from front to back office. Majesco 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.

The future of insurance starts with Majesco Distribution Management

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