Insurance commission software built to drive agent performance
Our insurance commission software automates complex crediting rules, ensures compliance, and motivates agents with real-time transparency into earnings made across products.
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Compass is trusted by renowned global brands
Track and analyse commissions paid for any insurance products
Import data from carrier statements, automate agent commission calculations, gamify the selling experience and report on high-performing policies to gather ROI insights.
“Agents often struggle to understand their commission calculations”
Provide complete visibility into commission logic on various policies
Why insurance companies prefer our platform?
Simplify plan complexity and compliance in insurance commissions
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We ensure that you stay compliant with all local, regional and international regulations for different licensing requirements, commission caps, and disclosure rules for each state.
Automatically calculate and withhold taxes based on local tax laws and regulations.
Ensure that sensitive payment data is encrypted to protect against unauthorized access.
Provide reports including changes made to commission plans, adjustments, and payment history.
Stay compliant with revenue recognition standards and regulations of NAIC, FIO, etc.
Replace outdated, costly systems prone to errors with our insurance commission software that enables you to gather ROI insights on policy sales tied to various commission plans.
Track agent performance based on policy sales, renewals, etc
Track your agent's performance metrics, potential payouts, and any adjustments made due to splits, clawbacks, or other factors. Provide them with real-time earnings visibility on a mobile app.
Automate agent commission statement with on-time payouts
Enable on-time payouts for your agents, whether on a transactional or aggregate basis, with error-free calculations. You can automate commission approvals and reduce manual labour.
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Leverage our platform's in-depth reports to track agent commission payouts, analyze policy performance, and uncover upsell and cross-sell opportunities.
Commission summary
Custom dashboards
Overrides
Policy reconciliation
Commission vs premium
Premium payments
Split commissions
Cancelled policies
Escalations
Commission forecasts
Gather insights on how the sales competitions are helping your agent’s performance in different ways and enable them to track their performance on the go.
Run sales contests and stream live on your company’s digital screens worldwide.
Keep your sales reps engaged and create urgency with race-based competitions.
Launch one-on-one or team competitions, rewarding top performers to drive sales.
Create communities to let team members collaborate and support each other toward common goals.
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Keeping your reps happy doesn’t require an expensive software
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Trusted by leading global enterprises
FAQs
Automating incentive processes lets your team focus on their core sales activities without worrying about errors or payout delays. Additionally, real-time visibility into performance ensures that your team knows exactly how their efforts translate into rewards, keeping them motivated and aligned with company goals.
You can worry less about shadow accounting and provide complete transparency across stakeholders about the budget allocated vs commissions spent and revenue generated through it, which is more challenging and may lead to errors through an in-house system.
Yes, Compass has one of the most powerful calculation engines with real-time data processing, rigorous logic checks, and advanced reporting. It provides accurate calculations for commissions, bonuses, etc., ensuring fair and timely payouts.
While Excel is a familiar tool, it can be prone to errors, time-consuming, and lacks scalability. Shifting to Compass provides a centralized, automated solution that reduces errors and offers real-time insights, robust reporting, and scalability as your business grows.
Yes, Compass offers 85+ data integration options, allowing you to connect multiple data sets from different systems. Compass consolidates all your incentive data into a single platform through API integrations or data imports, making it easier to manage, calculate, and report on incentives across different departments or business units.
Enterprise-Grade data security and privacy management
burdens for your business and keep payouts safe.
Build scalable incentive plans that your channel partners actually want
