Challenge: The insurance company seeks to implement a variable commission structure that adjusts rates based on the type of coverage and offers higher commissions for certain add-ons.
Solution: Utilizing the Mercury Platform, the insurance company can effortlessly establish their desired commission structure. The platform is designed with the flexibility to set distinct commission rates for each Line of Business (LOB), specific coverages, and additional add-ons. This capability ensures that the insurance company can tailor the commission rates according to their requirements with an easy to use configuration, allowing the Mercury Platform to seamlessly manage the varying commission rates.
