Property and casualty(P&C) carriers need 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 P&C 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.