SOLUTIONS FOR CARRIERS: DISTRIBUTION AND COMPLIANCE MANAGEMENT menu
"[Sircon Compensation] has enabled us to examine every broker compensation arrangement in place, identifying out-of-date incentive programs and recognizing cases where broker commissions were not leveraging the desired business result."
A compliance, distribution, & agent experience forecast with SILA & Vertafore experts
2024 promises significant changes that will impact insurance compliance and distribution. Our latest Running Start webinar investigates these shifts—and emerging opportunities—so insurance professionals can gain a competitive edge in an ever-changing market.
It's a win for everyone
Sircon Compensation empowers carriers to create producer commission and incentive programs that drive growth while streamlining compensation
Hierarchy management
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Drill down into the payment details of each policy and report compensation hierarchies for accurate commission payments and streamlined management of complex distribution channels:
- N-Level hierarchies
- MGA/FMO by product or channel
- Multi-level P&C with group code rollup
- Carrier channel with promotion/demotions and transfers
- Various compensation options across levels
Book of business management
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Facilitate supplemental payments and move books of business with proper perspective and retrospective commission:
- Dashboard
- Current policies in force
- Customizable views
- Premiums paid
- Policy or book transfers
Commission payment automation
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Reduce disputes by creating simple compensation statements for your agents and paying them based on their preferences:
- Calculating detailed transactions
- Account, statement, and payment processing
- Producer self-service portal
Reduce disputes by creating simple compensation statements for your agents and paying them based on their preferences:
- Calculating detailed transactions
- Account, statement, and payment processing
- Producer self-service portal
Go in-depth
You know that the right agent compensation and incentive programs are essential to your growth strategy. Sircon Compensation enables carriers to design and manage compensation plans that will encourage producers to sell and renew your most profitable products.
With a high-performance calculation engine that can simultaneously manage a large volume of agents, commission schedules, transactions, and bonus programs, Sircon Compensation gives you the tools to modernize your profit sharing.
Sircon Compensation is part of the Sircon for Carriers portfolio of solutions, designed to help you better manage your distribution channel and become a carrier of choice for your independent agencies.
Along with Producer Central and Onboarding & Self-Service, Sircon for Carriers is an end-to-end solution providing a comprehensive distribution management system with a 360° view of your agents. Sircon for Carriers delivers revenue growth, operational efficiency, staff effectiveness, and reduced compliance risk.