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Managing general agencies (MGAs) often get inaccurate commission payments from carriers. Carriers may change their commission plans on few policies or use a wrong plan to pay the commissions leading to a pay discrepancy. When MGAs don’t have a robust verification process to identify the cause of the discrepancy it creates distrust towards the carriers and affects their relationship.
There are advanced compensation solutions today that ensures not just accurate commission and bonus payouts but allows MGAs to do so much more.
Watch this video to learn how revenue reconciliation module helps MGAs in maintaining a progressive rapport with carriers that impacts their revenue growth.