Solutions for Insurance Carriers

Our flexible premium collection system is tailor made for insurance carriers that are looking for flexible premium collection processing. In recent years, insurance carriers have bought other insurance carriers. When the acquisition occurs, the carriers find it difficult to integrate the systems used by the acquired carriers. Our flexible solution can be easily configured to integrate premium processing into the disparate systems.

We can also support the commission calculation and payment functions for the insurance agents. Our commission solution allows the insurance agent to view their commission statements online. With our solution, the Carrier can setup independent distributors (or associates, independent business owners, dealers, franchise owners, sales consultants, consultants, independent agents, etc.), to market products and services. A commission is paid based on the volume of product sold through their own sales efforts as well as that of their downline organization. Independent distributors develop their organizations by either building an active customer base, who buy directly from the distributor, and/or by recruiting a downline of independent distributors who also build a customer base, thereby expanding the overall organization.

Our online enrollment capabilities may also be used by the Carrier to support the product sales activities. Our enrollment solutions can be configured to meet the requirements by allowing the Carrier to define the enrollment questions, contact information requirements and demographics. The enrollment solution also allows the client to select the method of payment which configures our premium collection processing. The enrollment system also gathers information used by our commission processing when the enrollment occurs. Once the enrollment forms are prepared, the automated interfaces to premium collection and commission calculations are ready for use. The commission solution also allows the sales Agent to view the commission information online and optionally view the policy information.

Broker Solution Highlights

  • Online access to all agent information
  • Maintain agent team hierarchy
  • Assign and customize product information and pricing
  • Review activity of agent’s customers
  • Store agent licenses and credentials
  • Define, calculate and pay sales commissions
  • Provide agents with online commission review
  • Setup custom product commission structures
  • Setup weekly, monthly, residual and one-time commissions
  • Setup advanced and split commissions
  • Track commission payments and balances
  • Reconcile commission payments against commission earned
  • Pay commissions electronically
  • Recurring subscription, trial fee and one-time fee billing
  • Robust financial reporting with up-to-the-minute transaction information
  • Create customized billing and transaction lists
  • Automated invoice and receipt generation
  • Reconcile billing transaction and payments
  • Process credit card and debit card authorization and processing
  • Accept paper checks, purchase order, cash, wire transfers and payroll deductions
  • Issue ACH bank drafts and echecks authorization and processing
  • Track approved payments, declines payments, refunds and chargebacks
  • Online access to policy sales activity
  • Private labeled back office management system

  • Self-enrollment forms

  • Setup multiple products with custom pricing

  • Track policy holder calls and interactions