Comarch Commission & Incentive at Skandia Life & Pensions

Comarch has launched the Comarch Commission & Incentive solution at the life& pension insurance company Skandia Życie Towarzystwo Ubezpieczeń S.A. (part of Old Mutual Group). A deployed platform aims at managing  the company sales network, commission settlements and sharing information on the current sales results and remuneration with the agents & company personnel.

- The priority of Skandia is to build and maintain long-lasting relationships with our customers. That is why we decided to implement an integrated distribution model, the element of which is a new Comarch system that facilitates sales network management. We were interested in a solution proven on the market that would ensure a wide scope of cooperation and communication with our sales forces, as well as efficient development and modifications of our commission and incentive policies. Market dynamics enforces a flexible approach to these issues. It was also important for us to provide our employees and partners with transparency through reporting sales results, and meet the requirements of market regulators, in particular, ensure the accurate and error free two-way communication with Financial Supervision Authority. Therefore, we have chosen Comarch Commission & Incentive and Comarch as an IT partner with appropriate experience and industry skills, says Konrad Jędrzejewski, Director of Operations, Skandia Życie Towarzystwo Ubezpieczeń S.A.

- We have just completed the first stage of the Comarch Commission & Incentive implementation at Skandia, launching the complete functionality of the internal distribution channel. During the second stage we are going to launch external distribution channels. This is yet another implementation project where we simultaneously support settlements of insurance and banking products. By working with Skandia as well as with other customers we are continuously developing the functionality of our solution, at the same time optimizing its standard functions, underlines Maciej Ślósarczyk, Head of Insurance Consulting, Comarch.

Comarch Commission & Incentive is a solution that supports creation of commission & incentive policies, and sales network management in insurance companies, banks and other financial institutions. The system functionality has evolved from a commission settlement application to a modern platform, supporting management and communication of sales network via an agent portal. Gartner’s analysts in their report MarketScope for Insurance Incentive Compensation Management recognized Comarch’s system as one of 13 most outstanding global IT solutions in the area of commission and incentive settlements.