The Need for an Integrated Insurance Compensation Management Suite
From producer on-boarding to pay-for-performance, insurance carriers are facing fundamental changes in the way they do business with their agents today. But even as they cope with market disruptions, most insurance companies still rely on outdated legacy technology for compensation payments and reporting. The results: poor compensation accuracy and very little quality data to analyze.In this report, TowerGroup describes how market-leading insurance companies are now implementing state-of-the-art technology to manage producer and compensation information, resulting in faster time to revenue for producers, improved retention of the best agents, and faster time to market for new product offerings.
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