Identify missed commissions with commissions management solutions designed specifically for life and health insurance agencies.

AgencyBloc’s robust Commission Module helps you protect your agency’s bottom line by ensuring you’re receiving all you are due from the carriers. Use the Commission Module to track incoming payments, compare them to expected payments, and rectify inaccuracies. Once you’ve identified what’s been missed, take that information to your carriers for resolution.

Missed carrier commission payments often happen in one of two ways:

  • Carriers are 2-3 months behind on their payments, so it’ll appear as a missing payment. Monitor payments closely to know if there’s a problem.

  • A client cancels their policy and doesn’t notify your agency; this, too, will appear as a missing payment from the carrier.

Commissions detail screen in AgencyBloc

Reconcile Missing Commissions

To reconcile an inaccurate commission payment, agencies need specific pieces of data. Run a Commission Not Received Report in AgencyBloc to identify all of the policies in which payments were incorrect. Then, use that same report to resolve those inaccuracies with the carriers. Agencies have used this report to recover thousands of dollars in missing or inaccurate commission payments. 

Actual vs. projected reports in AgencyBloc dashboard

Monitoring Commission Payments

Use Dashboard Analytics to monitor your commissions from a high-level view. Monitor graphs showing actual versus expected payments to know when inaccuracies are happening and give you cause to dig deeper. Track this information by month or year-over-year to get an income comparison that aids in your decision-making. Use this information to decide when to grow your staff, diversify your offerings, and move into new geographical locations. 

Becca D.

"We have been able to recover over $69,000 in missing compensation with AgencyBloc. Before, I had to enter all of our compensation data manually; now, I can import that information in an hour or two."

Becca D. | United Producers Group

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Explore More Commissions Management Solutions

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