Reliance Nippon Life Insurance, an India based life insurance company, has selected Majesco Distribution Management to optimize its agent channel.
Majesco Distribution Management is designed to enable Reliance Nippon Life to administer and manage agents more effectively while delivering enhanced service that make it easier for agents to do business with Reliance Nippon Life.
The product’s capabilities coupled with customized developments is expected to reduce the time to market to implement new ideas, improve the overall agent management, and reduce errors. The platform will provide agents new business capabilities and user independence to more effectively perform their work.
Majesco is the global provider of core insurance software and consulting services for insurance business transformation.
“An efficient distribution operation is at the core of RNLIC’s growth plans and we look forward to this partnership in effectively scaling up our distribution operation,” said Srinivasan Iyengar, COO at Reliance Nippon Life Insurance Company.
“Distribution management is a critical business capability needed to support growth strategies of Reliance Nippon Life,” said Farid Kazani, managing director of Majesco.
The solution is designed to enable insurance carriers to manage the distribution with business capabilities that enable channel options, supports omni-channel environment, administer channel producers, and launch contests and personalize payment schedules for producers to help drive business growth.
Majesco’s solutions are supporting approximately 150 insurance companies in P&C, L&A and Group/ Employee Benefits for transforming their businesses.