The Commissions team works with over 100 different carriers and analyzes each statement to make sure we are paid per contracted rates. Commissions specialists determine which of our hundreds of agents sold each plan, allowing us to process and pay agents their compensation on a weekly and monthly basis. They also look out for payment errors, investigate any compensation issues that pop up, and create and track bonus programs.
The Commissions team develops procedures for processing payments from every carrier, to ensure agents are paid in a timely and appropriate manner. They also supply other departments with vital reports, such as policy count per state, retention of different carriers and average premium rates, to help all of Ideal Concepts maximize efficiency.