Industries

Insurance Brokerage

Commission is owed by the insurer — so age it against the insurer.

Commission is earned when a policy incepts but paid by the insurer later, sometimes much later. Age it against the client and it disappears from view. Consaya tracks commission receivable from the insurer, and keeps premium you are holding out of your income entirely.

How Insurance Brokerage firms use Consaya

Placement

Market the risk, present the comparison and record the client’s written acceptance of the quote they chose.

Premium is not your money

Premium collected on an insurer’s behalf is held on its own liability account until it is remitted — never revenue, not even briefly.

Commission receivable

Earned at inception and owed by the insurer, so it ages against the right counterparty and gets chased.

Renewal pipeline

Renewals surface 60 days out with the claims experience attached, which is when remarketing is still possible.

Claims support

Run a claim from notification to settlement with the documents, the adjuster report and the insurer’s decision on file.

In the UAE

Regulatory and authority fees are tracked separately, and client premium held is presented as a liability rather than folded into your cash position.

What changes

  • Stop losing commission you already earned
  • Never report premium as turnover
  • Renew before the policy lapses