Life insurance carriers around the world face competitive consolidation, emerging distribution channels, changes in buying behavior, and mounting pressure to increase profitability. To succeed in this highly-regulated environment, insurers require distribution management solutions to effectively leverage these growing channels and strong analytics to stay ahead of the changing landscape. Synygy’s solution includes the tools, processes, and expertise to support insurance carriers operating in diverse geographies.

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Industry Vertical Solution
Life Insurance
Life insurance carriers around the world face competitive consolidation, emerging
distribution channels, changes in buying behavior, and mounting pressure to increase
profitability. To succeed in this highly-regulated environment, insurers require distribution
management solutions to effectively manage these growing channels, and strong analytics
to stay ahead of the changing landscape.
Synygy provides consulting, technology, and outsourcing services that deliver the tools, processes, and expertise
insurers need to effectively manage the agent lifecycle, increase operational efficiency, and improve marketplace
agility and sales performance.
Synygy’s distribution management solutions enable carriers to:
• automate end-to-end processes (licensing and appointments, on-boarding, hierarchies, commission
schedules, contract management, etc.) to streamline operations
• increase visibility into individual, product, and channel performance to drive sales productivity
• leverage analytics to accurately determine profitability by product group, channel, and broker relationships
• deliver actionable information using reports, analytics, dashboards, and trigger-based alerts to improve
sales effectiveness
• easily adapt to changes in company strategy or market shifts
Synygy’s solutions focus on four areas critical to successfully driving sales and channel performance and transforming
sales operations into a strategic advantage:
Sales Incentive Compensation Management
Synygy helps to improve the accuracy and timeliness
of sales commission payments, enhance the
understanding of compensation plans, and create
transparency and clarity through the analysis of sales,
performance, and compensation data.
Synygy also creates a high level of flexibility, agility,
and adaptability in the management of incentive
compensation plans—which is the foundation for
driving sales and channel performance.
Sales Big Data And Analytics
Synygy helps pinpoint areas for performance
improvement by integrating and transforming huge
data sets from many disparate sources to provide
insight into critical business questions about sales
performance and sales operations.
Sales Force Mobility And Effectiveness
Synygy helps to increase sales by creating,
deploying, and supporting sales mobility, customer
relationship management, sales collaboration, and
sales enablement applications to improve sales force
effectiveness and productivity.
Sales Operations Management
Synygy helps transform sales operations into a
strategic advantage by assessing gaps relative to
best practices, transforming business processes,
designing and implementing enabling technologies,
and continuously improving operational efficiency.
Synygy’s solutions includes the tools, processes, and expertise to support insurance carriers
operating in diverse geographies. Contact Synygy for more information on trends impacting the
industry, key factors for success, and proven methodologies that drive sales performance.