- About Mastek
A highly configurable and scalable end-to-end distribution management system designed specifically for life and non-life insurance carriers.
The insurance distribution scenario is dynamic and complex. Insurers are looking at ways to cope with multiple distribution channels, multi-dimensional relationships and hierarchies. Other challenges lie in the labour intensive management of a large distribution sales force, regulatory compliance, performance monitoring and motivation initiatives. Tackling these challenges require automation, agility and innovation without sacrificing compliance.
Elixir Distribution Management (EDM) has been specially designed to support these requirements and meet the demands of today’s carriers. EDM not only provides functional enrichment but is also ahead in technological aspects. Built on the Service Oriented Architecture, the system is integrated with a standard rules engine that can be ported across databases and application servers.
EDM a highly configurable platform, quick and easy to integrate within the carrier’s system landscape. Market-ready with E-services support, it comes with an extremely intuitive user interface.
Agent Life Cycle Manager: Provides for complete E-2-E management of individual agents, managers and channel partners, from appointment and movement management till the end of the contract period. Some of its unique features include:
Compensation Manager: Allows alignment of agent compensation plans with business strategy. Apart from other benefits, it allows insurers to:
Performance Manager: Enables tracking and identification of the best performing agents. Given that performance parameters are fairly dynamic, the module allows insurers to:
Self-service Portal: An E-services component targeted at the carriers’ agents, managers and channel partners. The portal allows carriers to service their sales force, thus enabling them to focus on generating business. The portal offers agents, managers and channel partners a real-time access to their portfolios, policy details, commission statements, performance, payment details, training, contest standings, etc., and allows raising queries to the carriers for gaining additional information.