Worldclass Distribution Management System for Insurance Companies

Next Generation Distribution Management System

Domain Edge Technology Pte. Ltd. is a Singapore based fintech start-up company. The company has an Indian subsidiary company with the same name. The company has created a world class enterprise application in Distribution Management Space for the international insurance industry using modern technology and state-of-art architecture. The product aims to significantly reduce the implementation time by reducing customisation effort while keeping the cost of ownership minimum. The founder and co-founders have a combined experience of more than 85 years. This experience has endowed the company with an in-depth understanding of the Insurance business across different geographies. Over the last three decades, the team has extensive hands-on experience in successfully implementing enterprise applications in financial services industries that includes insurers and banks.

Distribution Management System - Product Vision

Domain Edge Technology is selling, implementing and supporting an end-to-end Distribution Management System for Insurance industries consisting of Channel Management, Compensation Management and Performance Management components.

Insurance Distribution Application

Unique Value Proposition

Replace large parts of coding with configuration

Technology thought Leadership

Choice of Cloud Service Provider

Multi Industry / region / tenanted / lingual / currency

Choice of RDBMS, application servers

Flexible deployment model (Cloud, On-prem, Hybrid)

Flexible pricing model (Traditional, SaaS)

Managed Services Engagement model

Application maintenance outsourcing

  • Domain Play using modern and proven technology
  • Flexible design with a highly configurable business model will address the high variations in business requirements from client to client, industry to industry, country to country and time to time
  • Single component application with built-in Workflow, Document Management system and Business Analytics
  • The modern digital platform will be able to cater for new non-traditional distribution channels who are market disruptors
  • Highly skilled and experienced hands-on founder and co-founders with high credibility and reputation
  • Product roadmap includes Business Analytics using AI techniques

The Distribution management system being built encompasses a wide variety of administrative functions that are focused on operational, management, compensation, performance monitoring, financial, reporting and regulatory issues. The following out-of-box modules provides rich end-to-end functionalities.

  • Configuration Management
  • Channel Management
  • Individual agent movements
  • Entity movements
  • Primary Compensation (Basic Commission & Overriding Commission)
  • Secondary Compensation
  • Campaigns / Contest
  • Business Process Management (Workflow)
  • Document Management
  • Performance Management
  • Study phase to identify possible customizations
  • Customizations Service
  • Documentation Service
  • Deployment Service
  • Training Service
  • Configuration Service
  • Testing Service
  • Production Support & Maintenance Service
  • Enhancement Service
  • Highly configurable business layer and generic solution will reduce dependency on vendor to achieve individual and organisation goals
  • Reduced customisation and implementation time resulting in lower costs and risks
  • Blend of On-shore and Off-shore resources results in lower implementaion and support costs
  • Support during outside normal business hours
  • SaaS pricing allows for accounting of expenses as an operational expense (OpEx) instead of Capital Expense (CapEx)
  • Cloud Storage provides Cost savings and Scalability