Nextera Flow
Bancassurance
Connects a bank and its partner insurers: product mapping, sales, commission and reporting run from one shared record.
Built for: Banks and their bancassurance teams, partner insurers, and commission and finance teams
What it does
- Bank connection
- Connect to the bank’s channels and systems, so policies are sold inside the bank’s own customer journey.
- Insurer connection
- Connect each partner insurer for products, submissions and policy status, so both sides see the same thing.
- Product mapping
- Map each insurer’s product to how the bank sells it, with the eligibility rules that apply.
- Sales
- Follow each sale from the bank’s offer to the insurer’s issued policy.
- Commission
- Calculate the bank’s fee and the insurer’s share for each sale, without spreadsheets passed back and forth.
- Reporting
- Give the bank and each insurer reports drawn from the same sales record, so their figures agree.
How it works
Map products
Map each partner insurer’s products to the bank’s channels and customer segments.
Sell
Sell inside the bank’s customer journey, with eligibility and documents checked as you go.
Share commission
Calculate the bank’s fee and the insurer’s share from the same sales record.
Report
Give the bank and each insurer reports that reconcile with one another.
- Bank: Bank fee (15%)
- IDR 1,800,000
- Insurer: To the insurer
- IDR 10,200,000
Both sides reconcile to the same record.
Common questions
What does Flow connect?
The bank and its partner insurers. Products, sales, commission and reports move between them through one shared record instead of files and spreadsheets.
Does it replace the commission spreadsheets?
Yes. Flow calculates the bank’s fee and the insurer’s share from each sale, so neither side has to rebuild the figures by hand.
How do the bank and the insurer stay in agreement?
Each insurer product is mapped to how the bank sells it, and sales, commission and reports all come from that mapping, so both sides work from the same record.
Can a bank work with several insurers?
Yes. Each partner insurer’s products are mapped separately, and commission and reports are kept for each insurer.
Further reading
- 2 min readBancassurance Management Systems: How Bank Insurance Operations WorkComprehensive guide to bancassurance management systems. Learn how banks and insurers manage insurance distribution through banking channels effectively.
- 1 min readOJK Bancassurance Regulations: Compliance Guide for Banks and Insurers in IndonesiaComplete guide to OJK bancassurance regulations in Indonesia. Learn about POJK requirements, compliance frameworks, and technology solutions for regulatory adherence.
- 1 min readDigital Bank Insurance Distribution: Transforming Bancassurance Sales ChannelsHow digital transformation is reshaping bank insurance distribution. Learn about digital bancassurance strategies, mobile integration, and platform capabilities.
Related products
- Insurance sales and distributionNextera LinkTakes an insurer’s products from quote to issued policy across agents, brokers and partners, with leads, product rules and commission in one workflow.See Nextera Link
- Reinsurance brokingNextera BrightRuns a reinsurance broker’s book: placement, facultative and treaty business, renewals, claims, technical accounts, settlement and bordereaux.See Nextera Bright
Ask for a Nextera Flow demo
Tell us whether you’re the bank or the insurer, and how many partners you work with.