The Lloyds and London market needs efficient and effective distribution management solutions to remain competitive in today's market. An efficient distribution management system plays a critical role as they support flex and complex commission structure, effective management of distribution hierarchies, streamline compliance activities, provide self-service capabilities, modernize compensation capabilities along with core vendor policy and billing systems integration.
Coforge has a team of domain and product experts who have the expertise in leading distribution and commission solutions. We partner with leading carriers globally to build growth accelerators around new age distribution management. Our insurance accelerators include a dedicated agent and broker experience platform, cognitive machine vision-based solutions, and predictive analytics-based enablers.
Coforge’s insurance growth accelerators in this area are categorized into:
- Platform – a future-ready digital platform for developing a vision-based roadmap enabling them to achieve growth outcomes.
- Optimize – cost optimization by helping carriers simplify the landscape, produce appropriate projections, and optimize automation needs.
- Experience – result-oriented benefits to improve the agent and broker journey.
- Analytics – providing 'straight-through appointment' capabilities and applications of advanced analytics in producer management, mobile support for producer/agency management tools, and using CRM solutions for many producer/agency management functions.