License Management

Insurance carrier organizations need to ensure that producers are licensed and have appropriate lines of authorities (LOA), according to the regulations of the operation jurisdiction. Validating license and LOA information for all producers without a centralized system can create inefficiency and inaccuracies due to complexities associated with varying regulations. This can impact compliance and sales compensation calculations. The License Management application from Optymyze enables insurance carrier organizations to store, validate, and analyze licenses for their producers.