Case Study: a leading international bank achieves significant insurance sales growth with Equisoft/centralize

How One Major Bank Centralized Data Feeds From Its Carriers, Streamlined Commission Accounting and Increased Efficiencies with the Equisoft/centralize Agency Management System

A major international bank faced significant challenges in managing its insurance sales due to a complex structure and an outdated agency management system. Its legacy system lacked centralized carrier data feeds, leading to operational inefficiencies, difficulties in tracking sales referrals, and onerous commission accounting. To address these issues, the bank partnered with EquiSoft to implement a modern solution.

EquiSoft implemented its Equisoft/centralize Agency Management System, which centralized all carrier data feeds into a single platform. This provided the bank with greater data visibility, streamlined commission tracking, and flexible hierarchy management. The solution delivered significant results, including an 8% increase in policies processed, a 44% increase in premium, and a 157% increase in commissions, enabling substantial business growth.