Getting Started
Onboarding Service
Onboarding Service We offer a single, structured onboarding service designed to get your data into AgencyComp accurately and efficiently. As part of onboarding, you’ll complete an Excel mapping form (bottom of page) that identifies which columns in ...
Undertanding Comp Plans When Importing Policies
What is a Comp Plan? A comp plan defines how commissions are calculated and paid on a policy. It tells the system when, how much, and under what conditions commissions should be earned. When importing policies into AgencyComp, users can either create ...
Option 2: Use Temporary Comp Plans
AgencyComp includes built-in Temporary (Temp) Comp Plans designed to help users import policies quickly without having to define detailed commission schedules upfront. A temp plan exists for each commission type: Percent of Premium MA-PDP Fee Target ...
Option 1: Create a Full Comp Plan
Option 1: Create a Full Comp Plan There are two ways to add a full comp plan to your policies during the policy import process. Both options result in a full comp plan, but differ in timing and workflow. You can either create the plan and schedule ...
Getting Started Quickly
Getting Information on Your Policies AgencyComp uses a Policy Import Template to import your policy information. This template is an Excel spreadsheet that you complete with basic policy details. Before you begin: Download the Policy Import Template ...
Overview
AgencyComp can calculate, estimate, analyze, and track premium and commission for all policies. Follow the steps below to get started quickly. Step 1 - Add Carriers and Comp Plans (02:56) Step 2 - Import Client Policies (08:04) Step 3 - Add Maps ...
Step 6 - Add Reports
There are multiple reports to help you calculate, project, analyze and track premium and commission for your policies. Pending Business – displays annualized premium and first year commission on policies in underwriting. Analytics – summary of ...
Step 5 - Post Commissions
Posting is the process of linking a commission from a statement to a policy. When a commission statement is imported, most commissions are automatically linked to policies. When a commission statement is imported, click POST COMMISSIONS when prompted ...
Step 4 - Import a Commission Statement
Once a carrier map has been created, a commission statement can be imported. Only statements in Excel can be imported. Commissions can also be imported using a Generic Import Template or added manually. Import Commission Statements Go to the Main ...
Step 3 - Add Maps
A Map is required to import a carrier commission statement. The map provides a diagram of which fields are imported from the commission statement. Once a map has been created, it can be used over again each month. Each carrier statement will require ...
Add Carrier Only — Create Comp Plan Later
A Carrier is required when importing policies; however, a Comp Plan is not. If a Comp Plan Name is not provided, a temporary Comp Plan will be assigned to the policy. This temporary plan is based on the Comp Plan Type, which reflects the type of ...
Add Carrier and Comp Plan Without Schedule
A Carrier and Comp Plan can be linked to a policy during the import process even if no schedule has been created for the Comp Plan. If a Comp Plan Name is included in the import template but does not yet have a schedule in the application, it will ...
Add Carrier and Comp Plan With Schedule
The advantage of adding your Carriers and Comp Plans to the database before importing policies is improved accuracy. Once created, the Carrier and Comp Plan names can be included in your policy import template. When the policies are imported, they ...
Step 2 - Import Client Policies
Customer policies can be imported using our Policy Import Template. Simply copy and paste data directly from your commission statement into the template to quickly load policies into the system. Download a Policy Import Template Go to the Main Menu. ...
Step 1 - Add Carriers and Comp Plans
To calculate commissions for a policy, a Carrier and Comp Plan must be added and linked to a policy. A Comp Plan describes how a commission for a policy is calculated and how long it is paid. Since comp plans are linked to one or more carriers, you ...