Bancassurance· Nextera 03
Nextera Flow
End-to-end bancassurance — connecting banks and insurers on one governed platform.
Overview
Nextera Flow is an end-to-end platform for managing bancassurance — integrating banks and insurers across products, sales, commission and reporting.
Flow orchestrates the relationship between the bank and the insurer — mapping products, tracking sales and commission, and generating the reporting both sides need to stay aligned and compliant.
Capabilities
- Bank integration
- Connect the bank's channels and systems so bancassurance sits inside the existing customer journey.
- Insurer integration
- Connect partner insurers for products, submission and status, keeping both sides in sync.
- Product management
- Map each insurer product to how the bank sells it, with the rules and eligibility that apply.
- Sales & onboarding
- Take customers from offer to onboarded policy across the bank–insurer boundary.
- Commission engine
- Calculate commission and revenue share between bank and insurer, without manual files.
- Regulatory reporting
- Produce the reporting both the bank and the insurer need to stay aligned and compliant.
Outcomes
- 1 qtr
- to launch bancassurance
- 0
- manual commission files
- End-to-end
- bank–insurer flow
FAQ
Frequently asked questions
What does Flow connect?
Flow sits between banks and partner insurers, integrating both sides so products, sales, commission and reporting move across the boundary on one governed platform.
Does it remove manual commission files?
Yes. The commission engine calculates revenue share between bank and insurer directly, replacing the spreadsheet exchanges bancassurance usually relies on.
How does Flow keep the bank and insurer aligned?
Each insurer product is mapped to how the bank sells it, and sales, commission and regulatory reporting run from that shared mapping, so both sides work from the same record.
Who is Flow built for?
Banks and their bancassurance units, partner insurers, and the commission and finance teams that reconcile between them.
Articles & Guides
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