Commissions & Overrides

The commission module deals with the intermediaries, the commissions and overrides commission rules.

GLIMS provides a flexible method to handle the agent's commissions, the agent's managers, and their overrides commission, making this task easy and straight forward:

The definition of several direct commissions' and override schemes by class of business, products and covers.

Indemnity Commissions.

Accruals Commissions.

Indemnity Managers Overrides.

Accruals Managers Overrides.

Claw Back and Penalty Handling.

Automatic Payment to Agents/Managers Through Fund Transfers.

Bonus Concept Handling.