Nextera Flow

End-to-end bancassurance — connecting banks and insurers on one governed platform.

Nextera Flow orchestrates the relationship between a bank and its insurance partners: mapping products, tracking sales and commission, and generating the reporting both sides need to stay aligned and compliant.

Who this is for

• Banks and bancassurance units distributing insurance through their own channels
• Partner insurers supplying products into a bank’s distribution
• Commission and finance teams on either side of that relationship

What Nextera Flow covers

Bancassurance is difficult for a structural reason: two regulated institutions, each with its own systems, its own product definitions and its own regulator, have to behave as one customer journey. Almost every recurring problem in bancassurance — mismatched product data, disputed commission, reconciliation by spreadsheet, reporting that disagrees — comes from the seam between them.

Flow is built to be that seam rather than to sit on one side of it:

• Bank integration. Connecting the bank’s channels and systems so insurance sits inside the existing customer journey rather than beside it.
• Insurer integration. Connecting partner insurers for products, submission and status, so both sides see the same case at the same state.
• Product management. Mapping each insurer product to how the bank actually sells it, with the rules and eligibility that apply in that channel.
• Sales and onboarding. Taking a customer from offer to onboarded policy across the bank–insurer boundary.
• A commission engine. Calculating commission and revenue share between bank and insurer from the same transaction data both sides already agree on.
• Regulatory reporting. Producing the reporting each side needs, from that same data.

For the underlying model — the tied-agency and referral distinction, revenue share, product mapping, conduct obligations — read Bancassurance concepts.

What Nextera reports customers achieve

Outcomes Nextera publishes for Flow, as customer results rather than guarantees:

• 1 quarter to launch bancassurance
• Zero manual commission files
• End-to-end bank–insurer flow

Where it runs

Nextera Flow is a hosted web application, normally at flow.nextera.id. See Getting access.

Where to go next

• Bancassurance concepts — distribution models, the product mapping problem, how revenue share is normally structured, and where the reconciliation breaks.
• Preparing to launch bancassurance on Nextera Flow — the partnership, product and commission agreements to have in place before configuration.
• Nextera Flow modules — what each module is for.