SymbioSys Persistency Management-as-a-Service
C2L BIZ SOLUTIONS PVT LTD
SymbioSys Persistency Management-as-a-Service
C2L BIZ SOLUTIONS PVT LTD
SymbioSys Persistency Management-as-a-Service
C2L BIZ SOLUTIONS PVT LTD
Improve Customer Retention by measuring persistency and rewarding distributor
SymbioSys Persistency-as-a-Service enables Insurer to
enhance the customer service and improve customer retention thru innovative persistency-based
compensations. Insurers can take an informed decision and incentivize the
distributors that contribute towards retaining regular policy renewals, thus
maintaining higher persistency. This service also helps the insurer to derive
advisor ratings and segmentation to motivate the high performing advisors.
It provides flexibility to configure rules to determine
policies that need to be considered and computes persistency on either fixed
block of business or rolling block of business based on the business objective.
SymbioSys Persistency-as-a-Service is designed for
the global insurance persistency needs and is proven with unique capabilities
like:
- Ability to measure persistency at all levels of hierarchy – Individual, Group, Geography, Channel and at Company level
- Timely and accurate persistency processing
- Ease of measuring persistency based on API / APE, Case Count, Premium and Face Amount / Sum Assured for rolling and fixed block of business
- Ability to incentivize internal staff servicing orphan portfolio by measuring persistency
- Ability to separately process persistency-based compensations for rookie and experienced advisors
- Handshake seamlessly with digital ecosystem with ready real time API interfaces.