Blockchain for Life and Annuity Commissions
Why Blockchain for Life Insurance & Annuity Commissions for Carriers, Distributors and Agents?
- SmartContracts to Calculate, Validate and Reconcile Commissions, and Track out-of-house Top Producer commission deals without the painful setup
- Permanent Record of Commission Statements, Secure and Accessed all in one place
- Clean, Consistent Commission Data for reporting, reconciliation, and agent commission research
- Fast Commission Payments (Money Settlement)
** Enables TRUST, ACCURACY, & SIMPLICITY!
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Blockchain for Life and Annuity Commissions is Revolutionary!
- Builds Trust to Generate More Business
- Provides Secure Access to All Carrier Commission Statements in One Place
- Delivers Accurate Commission Payments
- Supports Multiple Hierarchies
- Enables Easy Setup of Commission Schedules for Reconciliation
- Tracks Out-Of-House Commission Deals
- Reduces Commission Status Calls
- Automates Commission Contract Rules through Smart Contracts
- Pays Commissions (Money Settlement)
“The Commission Blockchain plan that InsurTech Express is launching can streamline the entire commission and contracting process for participating carriers and distributors alike,” said Dan LaBert, CEO of the National Association of Independent Life Brokerage Agencies (NAILBA).
“Ken and the team have designed an innovative approach to leverage the latest blockchain technology to solve recurring challenges our members see in their businesses. I look forward to NAILBA members further engaging in this exciting new technology that could resolve commission accounting concerns.”
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See How the InsurTech Express Blockchain for Life & Commission Works