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Varicent

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Overview

Varicent is an award-winning SaaS technology company that helps insurance organizations drive more profitable growth, lower operating expenses and increase producer retention. Varicent's Incentives solution enables insurance organizations to implement comprehensive compensation programs designed to support their company’s strategic goals while providing a differentiated experience for their producers.

For insurance companies, commission and incentive compensation management is a highly complex process, but is vitally important to the success of the insurer, their producers and the overall insurance ecosystem. By improving compensation plans and monitoring variables impacting performancer, insurers can ensure their goals are aligned with the goals of their producers, agents and brokers. Varicent Incentives brings automation, agility and accuracy to manage incentive compensation to insurance companies.

Solution Overview:

Many factors are affecting the insurance industry, from economic uncertainties to changing market dynamics. These changes are causing the insurance industry to rethink their traditional go-to-market selling models. Sales process inefficiencies remain a major challenge for insurance carriers, business as usual is no longer an option as distribution channels continue to evolve. Varicent Incentives provides commercial leaders a flexible compensation platform to drive profitable growth through differentiated incentive programs amid rising competition.Varicent is the market-leading provider of Sales Performance Management (SPM) enterprise solutions which includes our Incentives Platform.

For over 20 years, Varicent has delivered innovative solutions for the insurance industry, enabling insurers to manage their producer compensation programs more effectively with greater accuracy, efficiency, and transparency.Varicent Incentives is delivered as a single or multi-tenant cloud solution with comprehensive functionality to manage any type of compensation program (e.g. primary commission, secondary compensation, total rewards, profit sharing) with scalability to support millions of transaction records each period. Through robust in app reporting and analytics functionality, insurers can deliver a highly personalized producer experience to differentiate their brand in the competitive insurance market.

Key Benefits with Varicent

  • 20+ years dedicated to delivering incentive compensation management solutions.
  • Comprehensive SPM solution – end-to-end framework for managing the complete lifecycle of incentive programs.
  • Commitment to Innovation – total R&D investment focused on increasing the value of our SPM solutions.
  • User Experience – tailored to the unique needs of the distribution channel.
  • Scalable & Secure Platform – billions of transactions processed each month on a platform accredited by external auditors (e.g. SOC1 & SOC2).
  • Comprehensive Audit Trails – full transparency to support compliance requirements.
  • Technology Partnerships – leveraging best of breed solutions that complement our SPM offerings such as AgentSync and RegEd
  • Delivery Expertise – extensive consulting partner network available to support a variety of engagement model and project complexity.
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