* - This service is for distributor partner organizations only. 

SymbioSys Distribution Management-as-a-Service is a unified service to manage registrations, hierarchies, agent movements, performance, persistency, advisor classifications and rating, incentives, contests/campaigns, payments and Finance. 

The Insurance distributors (Brokers, Corporate agencies, Banks, IFA’s etc.) can process compensations for various Lines of Business (such as Life, Annuity, Pensions, Group Life, Health P&C) thru seamless integration with Insurers. It provides a lot of power and flexibility to drive your business both as aligned to Insurer’s plan and overall business, across insurers. The compensation rules can be defined by Insurer to align your agreement with Insurer. 

SymbioSys Distribution Management has proven track record of processing over 350 unique commission contracts, 500+ incentives, for over 10 million policies, 5+ million advisors and 100+ distribution partners. 

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

• Hierarchy Management 

Capability to maintain various hierarchies(reporting, monitoring, geographical, recruitment etc.) and designations

Handle automated movements of advisors and portfolio

Ability to configure persistency for each Insurer in alignment with Insurer’s criteria or at an overall business level

Persistency configuration for Fixed & Rolling block

Balance Score Card based evaluation based on qualitative parameters 

Automated rules based on Agent Segmentation

Dry runs to monitor the progress on Targets and goals set

Reconciliation of persistency ratio with each Insurer

Configure commission rules either by each Insurer for each product or at an overall level

Ability to launch contest for each Insurer in alignment with Insurer’s criteria or at an overall level with different weightages for products of each insurer

Ease of configuring incentives with different weightages for products of each insurer 

Reconciliation with commissions received from each Insurer

Ability to generate bank file considering the local taxation rules, payment schedules 

Ability to manage adjustments, write-offs, payments hold & release etc.