Insurance Agency
Insurance Agency: cash and bank, accounts and accounting, e-Invoice and reporting.
Challenges
- Policy commission is calculated by hand.
- Policies from several insurers are never brought together in one place.
- Renewal dates slip by and the customer moves to another agency.
- Endorsements and cancellations never flow through to the commission.
- Reconciliation between premiums collected and amounts remitted to the insurer is left to manual work.
Workflows
Policy and commission
- The policy is recorded with its insurer, product and premium amount.
- The commission rate is applied by insurer and product.
- Commission income is recorded without creating any stock movement.
Renewal, endorsement and cancellation
- As the policy end date nears, a reminder lands on the worklist.
- An endorsement updates both premium and commission.
- On cancellation the commission clawback is posted as a reversing entry.
Documents
- Insurance policy
- Commission listing
- Endorsement document
- Cancellation document
Reports
- Commission by insurer
- Renewal calendar
- Endorsement and cancellation listing
- Production by product
Metrics
- Share of commission income
- Policy renewal rate
- Cancellation rate
- Commission per policy
Compliance
- Insurance agency regulations
- Know-your-customer (KYC) obligation
- GİB e-Invoice / e-Archive
- Kvkk
Glossary
- Commission rate
- Rate driven by insurer and product
- Endorsement
- Contract amendment record
- Renewal date
- Recurring reminder rule
- Commission income
- Service revenue without stock movement
FAQ
Can commission be calculated automatically?
Yes — the rate is defined per insurer and product, and the commission derives from the policy.
Can I see policies from different insurers in one place?
Yes — all policies gather in one list, tagged by insurer and product.
Is the commission clawback posted on cancellation?
Yes — cancellation creates a reversing entry and the commission income is corrected.
Can I break down commission by insurance company?
Yes, every policy is linked to its company and commission income is reported per company.
Can I measure the policy renewal rate?
Yes, expiring and renewed policies are compared period by period.
Can I reconcile the premiums remitted to the insurer?
Yes, premiums collected and amounts sent to the insurer are compared period by period.
