Distribution Management Capabilities
Optimize and expand channels with unique hierarchies and compensation models
Manage multi-channel distribution on a single platform to optimize performance
Cutting-edge technology to compare and maximize producer and channel performance
Manage multiple channels, complex compensation schemes, high-volume changes, innovative contests and offer personalized payment schedules and self service.
A robust distribution management platform designed for a digital, multi-channel world
Optimized channel management with flexible, rules-based compensation management
- Quickly launch, integrate and manage new distribution channels and models, from the initial application to the final contract.
- Manage multi-channel distribution and complex distribution hierarchies in one comprehensive platform.
- Supports all lines of business for L&A and P&C on a single platform.
Advanced channel performance data and analytics
- Track and optimize channel performance with advanced reporting and dashboards.
- Compare producer and channel performance across a wide range of parameters, including targeted sales versus actual sales, persistency, and more.
- Configured to create reports by roles and functions, providing easy and secure access to channel performance insights.
Enhanced recruitment, onboarding and retention with powerful self-service experience
- Identify, attract and retain top agents and channels with the digital self-service capabilities they expect and demand.
- Provide real-time access to electronic commission statements, dispute resolutions and online approvals by managers for requests to all producers.
- Make it easier to do business through multiple channels using digital portals and mobile capabilities.
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.
The Future of Insurance is golden. We live in the Golden Age of Insurance, independent agent channel, innovation, customer engagement and new products.
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.
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.
DISTRIBUTION MANAGEMENT RESOURCES
Distribution in the Age of Digital Insurance
Today’s digitally-driven customers are demanding multi-channel options.
Distribution in New Channels
How Majesco Distribution Management Uniquely Stands Out to Meet Your Needs
Succeed in a Multi-Channel World
Rethink distribution and execute with a digital, multi-channel focus
Optimize your distribution management operation
A 3D Distribution Management Strategy
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.