Achievements

Often, insurers promise one commission but pay a different amount. For most insurers, the Insurer Statement and the Broker’s Internal Tracker rarely match because of the following reasons: Process issues: For example, the sales team may not properly report all the policies

Today, insurers pay brokerage for each product based on various conditions, and they regularly revise these rates. This creates significant challenges for the operations teams of insurance brokers. For instance, ICICI Lombard may offer (say) 45% of the net premium for