Commission Recon
Every commission statement reconciled line by line to premium paid, with each difference explained.
Why it matters
Commission statements arrive in every format; teams tick lines against premium, rates, splits and chargebacks in spreadsheets, so overpayments and missed commissions surface months late.
How the solution handles it
Agents read each statement, match every line to premium actually paid, check the contract rate, splits and overrides, find chargebacks from cancellations and explain each difference with its source. A commission accountant approves every payout.
How a statement moves
Five agents read statements, match premium, check rates and splits, find chargebacks and explain every difference; a commission accountant approves each payout.
What it reads, and what it hands back.
What goes in
- Carrier and agency commission statements
- Producer contracts and rate schedules
- Premium paid and cancellations
- Split and override agreements
- Board-approved commission policy
What comes out
- Reconciled statement with differences explained
- Chargeback and clawback list
- Approved payout file
- Exceptions by producer
Who uses it
The difference, in numbers.
Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.
Sources: IRDAI (Expenses of Management, incl. Commission) Regulations 2024: board-approved commission policy · “Target” = design goal, measured in the live solution · “Typical” = typical industry figure · “Estimated” = our estimate
5 specialist agents. One person decides.
More in this division.
Every mid-term change request read, checked, rated and drafted the same day, each field traced to the request.
Cancel & ReinstateEvery cancellation notice sent on time and every reinstatement checked, with each state’s notice rule applied.
Cash ApplicationEvery premium payment matched to the right policy and instalment, and suspense cleared in a day.
Build this
for your team.
We’ll show Commission Recon running on your own documents.