SimpleSolve, Inc.

The company’s administrator has the ability to set agency commission rates by line of business (LOB) and by state. Commissions that accrue are automatically calculated, recorded, and included in reports whenever a policy transaction—such as policy issuance or changes—takes place. Agency statements are produced and sent to agencies via email without requiring manual processing.

The SimpleINSPIRE platform provides multiple methods for handling commission payments, including options based on written premium, paid premium, or the total amount upon the first insured payment. It also accommodates Agency Statement Billing and Payment features.

Additionally, insurance brokers and insurance agency management software can opt to enroll in ACH payment, allowing them to receive their commissions through direct deposit.