Insurance Incentive Compensation


The CallidusCloud Insurance solution offers you the most comprehensive, secure, and flexible way to manage the entire producer lifecycle from onboarding to payout.

With the CallidusCloud Insurance software, you get:

Accurate

Accurate

and fast producer payouts to avoid overpayments

Faster

Faster

automated producer onboarding

Unlimited

Unlimited

graphical reports for strategic distribution planning

One source

One source

of truth to better manage your book of business

Features

By using CallidusCloud Insurance software, you gain an unmatched ability to achieve superior distribution performance and efficiency, which helps you win the loyalty of your producers and customers.

ICM Software Admin Dashboard
Onboard producers and bring them up to speed fast

Onboard producers and bring them up to speed fast

Quickly onboard producers by following a step-by-step methodology that uses customized contractual terms and eliminates manual errors.

The CallidusCloud Insurance solution offers:

  • Automated credential management with productized integration to NIPR, DTCC, and FINRA

  • Faster appointment of producers through the electronic signature capability for contracts

  • Built-in checks to ensure onboarding sessions are complete and follow your validation rules

  • Fast and easy transfer as well as termination of producers by using a prepackaged workflow

View a single source of truth on your producers

Manage the entire producer lifecycle by using an end-to-end solution that not only gives you full visibility but also provides unlimited reporting, so you can make the right distribution planning decisions.

With the CallidusCloud Insurance solution, you gain:

  • A repository for all producer-related information, giving you clarity into reporting and compliance tracking
  • Full visibility into your entire book of business to manage date-effective relationships

  • The ability to easily communicate with agents by using email or letters

  • The ability to make mass changes smoothly in the event of a merger and acquisition

View a single source of truth on your producers
Coach to motivate your producers

Coach to motivate your producers

Coach your producers with targeted sessions to improve productivity for both your captive and independent agents. You can:

  • Conduct closed-loop coaching to ensure objectives are set and producers take action

  • Get a 360-degree view of your producers’ performance and key performance indicators (KPIs) measured over time

  • Identify A players and their unique selling behaviors

  • Coach B players into A players to increase your ROI

Incent your producers with accuracy and transparency

Design, roll out, and manage compensation plans for an unlimited number of payees, multiple lines of business, and numerous products for both your captive and independent agents. The CallidusCloud Insurance solution can handle the most complex hierarchical relationships. Deliver accurate payouts even as you give your producers a self-service portal to raise disputes and increase their visibility into all compensation matters. You can:

Incent your producers with accuracy and transparency


Perform splits and credit an unlimited number of payees for a sale through roll-up, roll-down, roll-over, and so forth


Manage tiered bonuses, SPIFs, draw-downs, accelerators, multidimensional rates, and so on


Do retroactive processing to manage evolving hierarchies and organizational changes


Model and forecast compensation plans to understand their economic impact

Be compliant, reduce risk

Be compliant, reduce risk

The CallidusCloud Insurance solution gives you full compliance at both the state and federal levels, so you can focus on your core business and not worry about the ever-changing regulatory environment.

Get audit logs for every screen showing you who made what changes and when. The solution offers:

  • Monitoring of license, appointment, and education/certification records with expiration dates

  • Background checks, credit checks, and vetting of previous employment history

  • The ability to trace a payout to its original sale for complete auditability

  • An integrated tool set to support compliance tracking and payment edits

Choose a private cloud deployment option

In the SaaS model, you can opt for a private cloud, which is almost like an on-premise deployment but you get to enjoy increased control over upgrades and release cycles without any of the associated costly overhead. In the private cloud model, you get:

Choose a private cloud deployment option

Choose a private cloud deployment option

  • Dedicated regions for production, testing, training, and modeling

  • The ability to have exclusive instances with no application sharing

  • Complete control over your data, personally identifiable information, compliance data, and so forth

Keep your data private, secure, and compliant in the cloud

Keep your data private, secure, and compliant in the cloud

You have your own business to worry about. Since the cloud is our business, CallidusCloud protects your data with more security measures than you could ever adopt.

At CallidusCloud, we ensure compliance with all data privacy and data security regulations, hire third parties to test our systems in real time, undergo regular security audits, and support levels of access controls and data handling procedures that maintain data integrity and prevent misuse. Some of the world’s largest insurers entrust CallidusCloud with their data. We process data only in accordance with a customer’s lawful instructions. CallidusCloud solutions have built-in security at every layer:

  • Data centers are physically protected from unauthorized access, damage, and interference

  • Database security protects heterogeneous data within the cloud

  • Applications are secured at the function, transaction, field, and data level

  • Network and communication security controls ensure complete confidentiality, integrity, and nonrepudiation of data

Simplify connectivity to other systems and data sources

The CallidusCloud Insurance solution can integrate to any product, simplifying integration and connectivity to other systems and data sources with no need for any coding at all.

You have the ability to:

  • Transfer data from any system, such as HR systems, ERP systems, or even legacy systems

  • Synchronize data between your existing systems and applications into CallidusCloud applications

  • Deploy quickly by using out-of-the-box data connectors

Simplify connectivity to other systems and data sources
ICM brochure (Medicare)

ICM brochure (Medicare)

How to Future-Proof Your Distribution Channels

How to Future-Proof Your Distribution Channels

Spreadsheets are out – ICM applications are in

Spreadsheets are out – ICM applications are in

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