Integrated third party management
Integrated third-party management
Payment of insurance policies by the insured person can be made in different ways. MGA and insurance companies may decide to receive payments directly from intermediaries. This involves administrative and accounting work for intermediaries who must dedicate a financial account to receive payments. The accounting management of insured payments has a significant impact on the daily work of brokers, agents and insurers.
With Coverholder your insured persons can pay the insurance premium directly online. In fully automatic mode the commissions will be immediately credited to your account and the net premium to the insurance company account. The automatic direct credit, saves time and above all simplifies the administrative management of customers.
Online payment of the policy
Your customers can easily and safely pay for the policies.
Immediate commission crediting
Get immediate and automatic commission crediting.
Simplified administrative management
Eliminate the financial and administrative management of your customers completely.
How the commission is calculated
The Coverholder platform allows you to monitor the activity of the intermediary and allows you to manage the commissions on each individual insurance contract.
The commission is calculated automatically in the estimate phase, confirmed at the issue of the policy and is included at the same time as payment by the insured.
The method for calculating the commissions, which will be set during the TOBA underwriting, is based on a fixed percentage of the net policy premium and / or the accessories applied.
Coverholder allows you to flexibly manage commissions and accessories for each individual policy . You will have perfect control of your income, expiring policies and new sales opportunities.