Calculate commissions for any insurance product
Take a tour of AgencyComp
Check all the powerful tools AgencyComp puts at your fingertips.
Track your commissions in six easy steps
Commission tracking with AgencyComp is just a few short steps away. Our knowledge base is filled with videos and step-by-step instructions that will have you tracking your commissions in no time at all.
Add your carriers and compensation plans
Carriers are the companies you represent. A compensation plan describes how commissions are paid on a policy.
Import your client policies
AgencyComp provides import templates for Percentage of Premium, Medicare Advantage, Fee, Target Premium, and Graded policies
Create an import map for each carrier
A map provides a diagram of which fields are imported from the commission statement
Import your commission statements
Statements in Excel can be quickly imported
Post commissions to policies
Posting is the process of linking a commission to a policy
Add reports
There are six reports to help track your commissions
Flexible enough to calculate and track commissions for virtually any product
Unlike most commission trackers, AgencyComp does not require you to purchase an expensive CRM with features you don’t need or use. With minimal data, you can calculate, project, and identify missing or inaccurate commissions. AgencyComp can calculate commissions for almost any type of policy.
Commissions can even be calculated and tracked for complicated commission plans. Our Medicare Advantage and Prescription Drug Plan compensation module does not require lengthy setups for policies paying at different effective dates. We have consulted with Medicare experts to develop a quick and easy module that can track these commissions for any enrollment type or effective date.
Target Premium commissions can be difficult to calculate because of the many variables associated with the policy. Our target premium commission module accounts for any lump sum or 1035 exchange amount, number of years premiums are paid and target premium amount. The commission schedule can accept any target premium commission period and any renewal period.
Percentage of Premium
- Term Life
- Medicare Supplement
- Final Expense
- Disability
- Long Term Care
- Annuity
- Medical
- Voluntary Benefits
Medicare Advantage
- Medicare Advantage
- Prescription Drug Plans
Fee
- Individual Health
- Group Health
Target Premium
- Universal Life
- Whole Life
Graded
- LTD
- STD
- Life
- AD&D
- Dental
Our robust reports include:
These valuable reports can help you understand where your commissions are derived, allowing you to spend more time where you are most profitable.
Pending Business
View first year commissions on policies in underwriting
Analytics
Analyze your book of business by premium or commission
Revenue Projection
Project revenues up to 10 years
Projected vs Actual
Compare expected commissions to those received
Missing Commission
12-month lookback on commissions received and missed
Advanced Commission
Determine any debit balance for policies with advanced commissions
Goals
Set premium and commission goals and track them over a specific period
Your data is secure
100% cloud-based, so you can log in from anywhere
HIPPA Compliant
Secured by Amazon Web Services (AWS)
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- AWS-secured environments through firewall and IAM access controls
- Key-Person-only access to production and test servers
- AWS-based CloudWatch monitoring and logging
- Daily backups of customer data for Disaster Recovery
- GitLab secured code storage and automated Continuous Integration and Continuous Deployment pipelines
- Secured payment processing through Stripe
- End-to-end data transmission for maximum protection of ePHI
- Short-term lifecycle for user-uploaded data files
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