A decade into his insurance career, Terry O’Reilly began building his own agency and transitioned into an independent agency. He became the sole owner of the organization in 2004 and changed the name to Insurance Pro Agencies (IPA). By 2006, he created a network by contracting another independent agency. Soon the organization created partnerships with a number of other agencies. Today, the company works with over 135 agency partners.
In 2015, IPA came to Core Commissions to automate its commission structure. Here’s how we helped them fully automate their commission process.
Company Name: IPA
Location: Illinois
Number earning commissions: >200
Incentive Management Challenge
New policy submittals from field agents flow directly into Core for automated matching against carrier statements. Managed support for converting over 50 carrier statements, many in PDF, to importable CSV format.
How Core Commissions Improved the Incentive Management Process
- Reduced processing time by 65%.
- Improved reporting and business analytics.
- Significant reduction in policy assignment errors.
- 100% output match to carrier statements.