The agents and brokers who bring in and retain your customers contribute enormous value to your continued growth. The longer it takes to set them up with the tools they need – and to ensure that you’re working with the best representatives for your organization – the less time you have for building valuable producer relationships.
Duck Creek Distribution Management lets insurers automate historically onerous tasks like ensuring licensure compliance, compensation management, and producer onboarding. Stop wasting time on paperwork and manual processes. Focus instead on working with your agents and brokers to build your books of business.
In today’s digital world, any time spent on manual processes is time lost on developing business. Efforts to onboard new producers take time away from initiatives that can add value for years to come – and from your agents’ and brokers’ business development activities.
Efficiencies in every aspect of your distribution network are key to increasing profitability as quickly as possible. With Duck Creek Distribution Management, key onboarding activities are handled automatically, saving your organization valuable time and getting your producers up to speed and booking business as soon as possible.
Automating many of our producer management activities has had a significant impact on the efficiency of our distribution channel. This solution has been a valuable tool for StarStone for many years.
Complex and flexible commission structures for both transactional and incentive comp programs are becoming more prevalent. Some carriers are beginning to pay commissions more frequently than the traditional monthly payment schedule as a differentiating feature to drive more business. Supporting these new structures with spreadsheets or legacy systems can range from time-consuming to impossible.
Duck Creek Distribution Management removes roadblocks to non-traditional compensation structures, letting carriers choose when and how their producers get paid and alter those structures at any time with simple configurations.
Making sure the agents and brokers that represent your organization are properly credentialed and able to do business in the geographies you represent is a critical aspect of regulatory compliance. Reviewing all relevant materials manually can take days or longer.
Duck Creek Distribution Management takes uncertainty and labor-intensive manual processes out of the picture, automating licensure compliance (leveraging industry standards like NIPR) and even letting your staff order background checks on all of your potential producers.
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Whether you are starting from scratch, switching providers, or want to customize your products, Duck Creek Technologies’ team of experts can help you get there.
