Anup Madampath is a director with PwC’s Advisory services and has more than 10 years of experience in the insurance industry. Madampath is a leader in Insurance PM&C Practice who has led several large transformation initiatives from strategy through execution.
His experience also includes insurance operations, project management office, pre-merger due diligence, business process management (BPM), IT strategy and large-scale transformations.
In our previous post, we addressed the reasons for transforming producer management and compensation processes. In this post, we will cover key considerations when planning a transformation. The transformation process begins with defining a clear and comprehensive compensation strategy to confirm the key functions of producer lifecycle and compensation management. Licensing, reporting hierarchies, contracting, commissions […]
Producer management and compensation is an essential downstream process and a critical component of the insurance value chain. It is in place before a policy is even sold and extends all the way into billing and claims. It occupies a unique place in insurance organizations, connecting data, processes and people in distribution, marketing, actuarial, operations, […]