Company administrators can easily manage agency commission rates by line of business (LOB) and state. Commissions are automatically calculated, recorded, and reported whenever a policy transaction occurs, including any policy changes. Agency statements are generated and sent via email without requiring any manual steps.
The SimpleINSPIRE platform offers flexible commission payment options, including payments based on written premium, paid premium, or the full amount at the time of the first insured payment. It also supports agency statement billing and payments.
Additionally, insurance brokers and agencies have the option to enroll in ACH payments, allowing them to receive commission payments directly through bank deposit. Keywords:
insurance agency management software
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