Insurance sales incentives software to insure against low sales productivity

Insurance sales incentives software, Xoxoday Compass, addresses the ever-growing complexities of the insurance market. With driving sales productivity becoming increasingly critical, this software bridges the gap between ambition and achievement. Equip your insurance agents with the ultimate incentive platform and watch them flourish.

Robust platform
Stay flexible with your incentive programs at any scale.
Seamless integrations
with any local or cloud-based sales tech stack
Timely payouts
Payout workflows with a built-in rewards catalogue
4.9 out of 5
4.8 out of 5
4 out of 5

Xoxoday is trusted by renowned global brands

Insurance sales incentives software for enterprise that gets you up and running in a few hours

Turn your largest sales expense into a business growth driver. Transform how you manage, pay, and reward insurance agents every pay cycle with our rewards and incentives software for insurance agents.

API-first platform

Xoxoday Compass helps simplify sales compensation plans by easily integrating with a Spreadsheet, CRM, ERP, or DMS of your choice.

Flexible and scalable

Our no-code components adapt to your business needs and help calculate millions of records on a daily or ongoing basis effortlessly.

Smart user interface

Easy-to-read dashboards that visually display user’s completed sales, commissions earned, and leaderboard ranking.

Common challenges faced by insurance companies in sales incentives management

Designing effective incentive programs

Creating a sales incentive program that resonates with diverse agents and sales teams is challenging. Companies need to balance between offering enticing rewards and ensuring that the incentives drive the desired behaviors. Too generous incentives can strain the company's finances, while insufficient or poorly structured incentives might not motivate agents sufficiently.

Inconsistent tracking and measurement

For incentive programs to be effective, insurance companies need a consistent and transparent method to track sales performance. Without accurate tracking, it's challenging to measure the effectiveness of incentive programs and to ensure that the right agents are rewarded for their efforts. Manual or outdated systems can lead to miscalculations and disputes.

Adapting to market changes

The insurance market isn't static. New products, regulations, competition, and customer preferences can demand changes to sales strategies and, by extension, to incentive programs. Keeping incentive programs aligned with the changing market landscape and ensuring they remain relevant and motivating can be a continual challenge.

Communication and transparency

Ensuring that all agents and sales teams understand the incentive program is crucial. Misunderstandings or lack of clarity can lead to decreased motivation or feelings of unfairness. Companies often struggle with effectively communicating the nuances of incentive schemes, the criteria for rewards, and the reasons behind any changes to the program.

What we found

Insurance companies who have automated incentive calculation system and real-time visibility into key KPIs tend to be motivated and progress to goals faster.

Backed by 3rd party research and Product usage metrics
savings on incentives budget
reduction in incentive processing time
increase in sales productivity

Insurance sales incentives software to drive sales

In the vast sea of insurance sales, it's easy to lose direction. But with Xoxoday Compass as your guiding insurance distributors incentive software, you're bound to navigate towards unparalleled success. Secure the future of your sales with a platform that promises more than just management – it promises growth, motivation, and success.

  • Easy creation and customization of insurance sales incentives plans.
  • Automating the calculation and distribution of insurance bonuses and commissions.
  • Real-time visibility into performance and earnings. 
  • Analytic and reporting capabilities to drive revenue growth.

Why go for Xoxoday Compass Insurance sales incentives management software

Discover the transformative power of state-of-the-art insurance sales incentives software that turbocharges your sales team, ensuring they meet and exceed their goals.

Streamline from start to finish

Effortlessly manage commission programs from initiation to final payout, ensuring you have more time for what truly matters.

  • Data integration: Seamlessly sync data and focus on accelerating KPIs such as GWP, Policy sales, and Referrals.
  • Workflow automation: Design and automate unique commission programs equipped with distinct rules, conditions, and formulas.
  • Accurate compensation: Guarantee flawless commission calculations without errors. Your agents deserve nothing less.
  • Timely approvals: Speed up the payout process with automated multi-level approvals, ensuring agents are rewarded on time.

Transform sales with gamification

Unveil a new era of insurance sales. Transform mundane tasks into exhilarating challenges, driving agents to outperform themselves.

  • Superior experience: Introduce agents to challenging yet rewarding goals, propelling them to achieve more.
  • Climb the ranks: With leaderboards, scorecards, and badges, cultivate a healthy competitive atmosphere.
  • Stay ahead: Automated reminders keep agents informed about targets while notifications celebrate their successes.
  • Rich rewards: Let agents indulge in diverse rewards - from cash to experiences. Every win deserves a celebration.

Harness the power of analytics

Dive deep into the world of data-driven decisions. Let Xoxoday Compass's real-time analytics fuel your sales strategies.

  • Sales forecasting: Utilize predictive analytics to drive sales projections, fine-tune targets, and achieve objectives faster.
  • Performance tracking: Keep an eagle's eye on agent performance and crucial KPIs with interactive dashboards.
  • Real-time revelations: Arm your agents with live access to their performance metrics, ensuring clarity and ambition.
  • Refined programs: Learn from the past. Optimize plans, set new targets, and align agents effectively for future endeavors.

graphical user interface, application

View real-time data and insights to make faster decisions

Powerful, real-time insights along with predictive analytics help you plan better, across teams and the organization.

  • Turn data points into a graphical representation
  • Simulate business metrics based on historical data
  • Utilize intelligence from past programs to optimize targets and incentive payouts

See what our customers are saying about us

Friendly and efficient team

“ Such a customer friendly team and best professionals to take care of our business requirements. I believe that your strength is your team members and their passion for work. Keep up the good work guys, it’s time for me to move on with my career, but wherever I go, if given an opportunity, I would recommend Compass along with this efficient team. I wish you all success. ”

Great Range of Rewards!

“ The engagement tool is extremely comprehensive for managing rewards, incentives and loyalty programs. It is simple to implement across departments/ functions and highly intuitive for users across the spectrum be it a senior sales professional or a front-line delivery executive. ”

Happiness quotient is 100%

“ Compass helped in increase the happiness quotient of our salespeople resulting in better productivity and therefore the ROI that we as a company get on the product is significant. Digitization of rewards and instant gratification are critical as far as the sales department is concerned and  Compass is catering the same. ”