ActekSoft, a Callidus Software company, said that Americo Financial Life and Annuity Insurance Company, a provider of life insurance and annuity products, has selected its ACom3 commission and incentive compensation system and ACom3 license and compliance system.
Under the agreement, which was signed in the first quarter of 2010, Americo will use ACom3 solution to automate commission and compliance functions for its network of independent agents operating across the US.
According to ActekSoft, Americo places a high degree of value on providing efficient service possible to their distribution partners. The ACom3 product suite has a range of features to further enhance both services the company currently provides, and relationships Americo continues to build.
Farley Lavett, co-founder and president of ActekSoft, said: “Optimizing sales performance is a key requirement for insurance companies to align the behavior of their sales and channel groups with business objectives to consistently and reliably deliver on business results.
“Businesses need to effectively monitor and control costs with better visibility of incentives and payments to producers. They also need to focus on how to effectively grow producer revenue, and ensure long-term producer loyalty in an increasingly competitive market.”