Finance & Commissions
Automated calculations, producer splits, carrier schedule management, and Stripe-powered payments. Stop chasing commission discrepancies and start running your agency.
Commission revenue is the lifeblood of an insurance agency, yet most brokerages still track it with spreadsheets, manual carrier statement reconciliation, and gut feelings. The average agency loses between 3% and 7% of earned commissions to tracking errors every year. That is not a rounding error — on a $2M book of business, it is $60,000 to $140,000 in revenue that simply vanishes.
The problem is not laziness. It is complexity. A single commercial policy can involve a house commission rate from the carrier, an override from the MGA, a producer split with a 60/40 allocation, a house override for the agency principal, and a contingency bonus that vests quarterly. Multiply that by hundreds of active policies across dozens of carriers, each with their own commission schedule, payment cadence, and statement format. Spreadsheets were never designed for this.
PrizMova's insurance commission tracking software eliminates the chaos with automated, carrier-schedule-aware commission calculations that handle every edge case your agency encounters — from sliding scale contingency bonuses to multi-tier override structures.
Every financial value in PrizMova is stored as an integer in cents using BigInt. This is not a cosmetic choice — it is an architectural guarantee. Floating-point arithmetic produces rounding drift that compounds across thousands of transactions. A $1,247.63 premium stored as 124763 cents eliminates the 0.01-cent discrepancies that silently corrupt legacy AMS data. When you run reconciliation, the numbers match. Period.
Import and manage commission schedules for every carrier relationship. Define standard rates by line of business, product type, and policy tier. PrizMova supports flat percentage rates, tiered schedules that change based on premium volume, sliding scales tied to loss ratios, and new business vs. renewal rate differentials. When a carrier updates their schedule, update it once in PrizMova and every future calculation adjusts automatically.
Configure unlimited split structures per producer. Assign a 60/40 house-to-producer split on personal lines, a 50/50 split on commercial, and a 70/30 split for a senior producer with override rights. Overrides cascade properly: agency override, managing producer override, and writing producer commission are calculated independently without double-counting. New producers inherit default split templates, and split changes apply prospectively without disrupting historical records.
PrizMova integrates directly with Stripe for payment collection and disbursement. Generate invoices for agency-billed policies, accept ACH and credit card payments, and automatically apply receipts to the correct policy and commission record. Payment status syncs in real time — no more manually checking bank statements against your AMS. When a client pays, the commission is instantly calculated, allocated, and available in producer statements.
Generate commission statements for any period with a single click. Each statement shows the producer their gross commissions by policy, any overrides earned, adjustments from endorsements or cancellations, and the net payable amount. Statements can be exported as PDF or delivered via email automatically on your chosen schedule — monthly, semi-monthly, or custom periods. Producers see exactly where every dollar came from, which eliminates the back-and-forth disputes that consume your accounting team's time.
When carrier commission statements arrive, PrizMova compares expected commissions against actual payments at the policy level. Discrepancies are flagged automatically with the variance amount, the affected policy, and a suggested resolution. Common issues — such as a carrier paying on the net premium instead of gross, applying a new business rate instead of renewal, or missing a mid-term endorsement — are identified immediately instead of discovered months later during an audit. The reconciliation workflow tracks each variance from identification through resolution, creating a complete audit trail.
Traditional approaches to commission tracking rely on a patchwork of disconnected tools. The carrier sends a statement as a PDF or CSV. Someone in accounting manually enters line items into a spreadsheet or legacy AMS. Producer splits are calculated by hand or with formulas that break when copied to new rows. Reconciliation happens quarterly if it happens at all, and by then, the statute of limitations on contesting carrier underpayments may have lapsed.
The downstream effects compound. Producers lose trust when their statements contain errors. Accounting staff spend 15 to 20 hours per month on commission processing instead of higher-value work. Cash flow forecasting becomes guesswork because receivable commissions are tracked inconsistently. And when a producer leaves the agency, untangling their book of business from commission obligations becomes a legal and operational nightmare.
PrizMova eliminates every one of these pain points by treating commissions as a first-class domain with dedicated data models, automated workflows, and tight integration with the policy lifecycle, invoicing, and analytics modules.
With PrizMova, your agency's financial picture is always current. Dashboard widgets show total receivable commissions, outstanding producer payables, carrier payment aging, and month-over-month revenue trends. Drill into any number to see the underlying policies and transactions. Export data for your accountant or connect via API to your general ledger. Every financial event — premium payment received, commission calculated, producer payment issued, carrier statement reconciled — is logged with a timestamp, the user who triggered it, and the business rule that was applied. This audit trail satisfies E&O carriers, state regulators, and your own peace of mind.
Related Features
Generate and send invoices for agency-billed policies. Payments automatically flow into commission calculations with zero manual entry.
Producer scorecards, revenue dashboards, and commission trend reports. See who is driving growth and where revenue leaks occur.
Commissions are linked to policy lifecycle events. Endorsements, cancellations, and renewals trigger automatic commission adjustments.