If calculating transactions is done with a fast pace, overpayments might very well occur, causing massive financial imbalance; conversely, if the process takes its time, it could prove to be time- consuming.

Our all-inclusive Premiums & Commission Management Services include:

Commission Accounting
FLINK makes sure your commission accounting functions are well taken care of. We devise a strategy to identify errors in calculations, if they exist; work to manage, and eventually decrease the error rate to the minimum. We keep up with the future financial trends to make sure that we are ready to adapt to any market changes.

Producer Commission Payable
We ensure a transparent and accurate calculation of the amount payable for every individual agent. We abide by your rules in necessary tasks that include the number of sales made, performance metrics, and service charge rates; so that, you can utilize this data to make any changes to business processes, if needed.

Commission Management Systems Maintenance

• FLINK makes sure commission percentages and amounts are correctly updated
• We offer support with data migration to new systems (if you are planning to upgrade or migrate systems)

Periodical Reviews
To maximize efficiency, we run periodical reviews to ensure the commission percentages for agents are up to date, as well as the brokerage’s commissions.

Handling Premiums

• Determining remittance exceptions
• Reconciliation of invoices of all bill types with commissions between carrier and broker systems; this service is targeted towards brokers.
• Managing refunds, billing, and premium mode changes
• Monitoring bank changes, detecting excess, and managing deductibles