50% of Insurance Agencies Use Software to Manage and Process Their Commissions
In recent years, insurance agencies have increasingly been making the switch to insurance-specific agency management systems (AMS) for tracking and processing their commissions. Among the many benefits of tracking and processing commissions within an AMS is the ability to easily identify when commission payments are missing from carriers. Without this technology, agencies are unable to fully ensure what they expect to be paid is what they receive.
In this performance brief, we'll discuss:
How an AMS identifies missed carrier commission payments
Why tracking actual vs. expected commissions in important
How agencies are using this to their advantage to be more competitive