NTUC Income Optimizes Sales and Distribution with Majesco Solutions

The implementation and strategic partnership with Majesco is part of Income’s plan to optimize its distribution management operation and improve sales performance.

(The Merlion statue in Merlion Park, Singapore, with the skyline of the Central Business District in the background. Photo credit:ペウゲオト.)

NTUC Income (Income), a Singapore-based insurance company and co-operative, has selected the Majesco Distribution Management and Majesco Digital Solutions to optimize management of its sales and distribution channels across the insurance business.

Andrew Yeo, General Manager, Life & Health Insurance, NTUC Income.

Income provides advice and solutions to over two million people in Singapore, across all segments of society, in support of important financial decisions related to their protection, savings and investment needs. The implementation and strategic partnership with Majesco (Morristown, N.J.)  is part of Income’s plan to optimize its distribution management operation and improve sales performance, according to the vendor.

“We expect the Majesco Distribution Management and Majesco Digital Solutions to be a key plank in helping us streamline our distribution operations as we gear up to capture future opportunities in the market,” comments Andrew Yeo, General Manager, Life & Health Insurance, Income. “More importantly, we welcome a platform that will allow us to have an optimized, scalable, agile and efficient distribution operation that will enable our financial planners to not only meet, but exceed customers’ needs and expectations in the next stage of our growth.”

Majesco asserts that the Majesco Distribution Management platform and an agent self-service portal based on Majesco Digital Solutions will enable Income’s financial planners to enhance and manage their customer relationships while providing a dashboard for them and their managers to view real-time sales, performance, compensation and rewards information across the insurance business.

Ketan Mehta, CEO, MajescoMastek.

“We welcome Income to our growing community of customers and thank them for their confidence in our team and solution,” comments Ketan Mehta, Co-Founder and CEO, Majesco.  “Distribution management is increasingly a strategic business capability required to enable robust growth strategies. We are honored to be partnering with such a forward–thinking and innovative insurer like Income. We look forward to a successful implementation and in supporting Income in its business growth.”

Manage the Entire Distribution Landscape

The vendor describes Majesco Distribution Management System as a standalone, modern solution designed to enable insurance carriers to manage the entire distribution landscape with comprehensive business capabilities that enable diverse channel options, support the increasing need of an omni-channel environment, effectively administer channel producers from registration to termination, compensation and performance management, and launch innovative contests and personalize payment schedules for producers to help drive business growth.

Majesco Launches Majesco Digital1st Insurance Platform, New Business Unit

 

 

 

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For over a decade he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

Leave a Comment

(required)