| 1 |
Maintain all types of intermediaries… |
| Intermediaries |
Use ARM module to maintain information pertaining to each intermediary type such as Direct Corporate Sales, Representatives, Agents , Brokers, Bank Branches, Postal Offices, etc. |
| 2 |
Maintain the sales force hierarchy… |
| Sales Force Structure |
Effectively manage the sales force hierarchy (unlimited number of levels) in order to administer the sales force and process multi-level commissions calculation. |
| 3 |
Parameterize specific or general commission arrangement… |
| Commission Arrangements |
Define commission profile and allocate it to any intermediary to create an arrangement that is capable of being varied by intermediary, distribution channel, product, risk types, covers and for different layers.
You can also parameterize specific arrangement for any individual operator of any distribution channel.
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| 4 |
Parameterize specific or general discount arrangement… |
| Discount Arrangements |
Define discount profile and allocate it to any intermediary to create a discount arrangement, which is capable of being varied by intermediary, distribution channel, product, risk types, covers and for different layers.
You can also parameterize specific discount arrangement for any individual operator of any distribution channel.
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| 5 |
Transfer sales agent from one branch to another… |
| Sales Agent Transfer |
Assign Sales Agents to the business units of the company (or any network sales entity) and also maintain records of transfers of agent(s) from one business unit to another by maintaining old business in the previous business unit. |
| 6 |
Use advanced intermediaries searches… |
| Searches |
The system gives you the ability to search intermediaries with different criteria and from anywhere. You can also design your own search screens with your own criteria and implement them instantly in production. |
| 7 |
Manage multiple intermediaries’ policies… |
| Multiple Intermediaries |
You can handle multiple agents / brokers in a single policy and define one of these as leader or the principal contact with the customer and the company.
Capture sharing of commissions in a defined proportion to be defined at the policy level based on each participant share.
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| 8 |
Restrict the intermediary access… |
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Authority Levels |
You can restrict the entry and approval of agency information to agency administration staff only by the user password. Each intermediary staff can access only the business files related to their agency or unit. |
| 9 |
Manage warnings and agent contract termination… |
| Warning & Termination |
Issue and maintain the terminations and warnings to agents. During termination the system freezes the agent commission generation process so that no new business is accepted through the relevant agent number. |