SymbioSys Commission-as-a-Service is a one stop service for Insurers to ensure all types of simple and complex commission contracts can be configured and administered. Over a period, commission has evolved a lot and is paid on various qualitative measurement indicators viz. Assessment Ranking, BSC (Balance Score Card) and Persistency. To meet the desired business objectives of an Insurer and at times the regulatory compliance, the Service ensures that commissions are computed accurately.

SymbioSys Commission-as-a-Service has a proven track record and is being used by 14 delighted insurers across 9 countries and launched over 350 unique commission contracts processing over 12 million policies for over 5 million advisors.

SymbioSys Commission-as-a-Service addresses the need of all types of insurers - Life, Annuity, Pensions, P&C, Group Life and Health. It is adept at addressing unique types of commissions such as Advance, Split, Indemnified, Negotiated, Sacrificed, Enhanced, Extra, Rider(s) and on Target Premium as well. With its comprehensive design, it seamlessly ensures that even Chargebacks & Refunds are well tracked and adjusted without adding any overload to the distribution operations team.

SymbioSys Commission-as-a-Service is designed for the global insurance distribution channel needs and is proven with unique capabilities like: