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Setting up Commission Rates
Setting up Commission Rates

How to set up commission rates and add default user commission percentages?

Raili Vunk avatar
Written by Raili Vunk
Updated over a week ago

When you take a look around in your system management, you can see that there are quite a few settings related to commissions. This article gives you an overview of how to set up commission rates and default commission percentages. 

Note that you need to have some insurers and products added to the system in order to set this up! If you want to know more about how to add both, you can look at this article about adding insurers and this one about adding products

Add commission rates

Once your insurers and products have been added, you can add default commission rates to both. 

To do that, go to your "System management" by clicking on the "settings" button in the upper right corner and then, from the menu on the left side, open "Commissions". You can now see the options to set up commissions both by insurer or by product. 

Open the insurer or the product and click on "+" button. 

From there, you can connect the commission to an insurer contract, the date from which the commission is valid and add the commission percentage. Click "Save" and you are done! Do this for all the products and insurers you wish. 

Other commission settings

Default user commissions

If you want to change default user commissions, open "Default user commissions" from the left side menu, select a user whose commission percentage you would like to change and click on "edit" button.

Here, you can edit the commission rates by insurer or by product, add a value and choose whether the value stands for percentage of commission, percentage of the gross premium or is a fixed sum.

When saved, the system will automatically set the commission percentage/sum for that certain person and product when creating a policy. However, you can still change the figures if necessary. 

Agent commissions

If you have internal or external agents added to your system who also collect their percentage of the commission, you have the possibility to specify this in the system settings. Open "Agents" and click on the one you wish to add or edit. 

For more information on how to set up agents, you can take a look at this article.



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