Software That Manages Distribution Chain Information for Personal & Commercial Lines
Distribution Stream provides P&C insurers with a web-based distribution chain management solution for all personal and commercial lines of business. You have current information for all agents and agencies at your fingertips, including commissions, without having to access multiple systems.
You can rely on us—we have developed insurance systems for 30 years, building richer and deeper functionality. Our seasoned professional services team members have a track record of successfully implementing insurance systems. Hundreds of insurers have relied on the insurance expertise built into these systems, which continue to focus on helping you reach your business objectives.
A Distribution Management System That Supports
Your Business Objectives
Having better insight into distribution channels improves your service to valuable business partners. The significant information on file about licensing, production history and commissions earned helps maximize opportunities and minimize misunderstandings. The result is that you build a competitive advantage. Your personnel can communicate and work with partners better using accurate information that’s immediately available.
Key Features
- Facilitates adjustment of agency agreements when a parent / child agency relationship changes
- Supports commission calculations for standard, graduated, sliding scale and campaign commission types
- Releases commissions based on agency agreement
- Allows separate or combined statements
- Allows child agency details to be included within a parent agency statement based on agency agreement terms and conditions
- More functional value available
Agents continue to play a vital role for most carriers when it comes to acquiring and keeping customers. Distribution Stream helps with the evaluation of agent performance and monitoring relationships to determine effectiveness. You can identify an agent or agency as “key,” and assign a ranking based on business criteria such as performance, premium volume or loss ratio. And you can conserve staff time and effort by managing funds and commissions efficiently.
Key Features
- Business Intelligence to determine effectiveness
- Versioned agency data with supporting history views; audit date/time stamps on new and changed agency data
- Processing macro-level changes that affect all policies for a specific agency or agent
- More functional value available
To get the information available in Distribution Stream, most carriers today have to go to multiple sources to see a combination of real-time and weeks -old information from a batch solution. In addition to the ease of working with a single solution, you gain the flexibility that comes with the capability to define agency agreements by corporation and company, including appointment status, authorized lines of business, commission schedules and more. Plus, you can assign an agency type that drives business rules for working with the agency. You gain additional efficiency in organizing administration information—like 1099 and tax details—as well as ease and accuracy in calculating and releasing commissions.
Key Features
- Maintain details for agency agreements
- Maintain details about residency type, license number, countersignature, and license effective and expiration dates for licensing credentials
- Relate the agencies, agents, and brokers within an agency hierarchy structure
- View and maintain agency financial activity in an agency account
- Service-oriented architecture with embedded service bus for easier integration with other systems and services
- More functional value available