Example: Guide to Creating a Commission Application 
Example: Guide to Creating a Commission Application
Purpose
This document is a guide to the creation of a simple commission application in the insurance area. It describes the individual steps and corresponding Customizing entries. A fictitious insurance company has been created as a basis for this.
Features
a) Roles:
b) Products:
|
LoB |
Tariff |
|
Life insurance (life) |
Life (life insurance) |
|
Life insurance (life) |
Pension (private pension) |
|
Non-life insurance (non-life) |
Vehicle (motor) |
|
Health insurance (health) |
Health |
c) Valuation
Life insurance: Annual contribution x runtime x 100%
Private pension insurance: Annual contribution x runtime x 120%
Motor: Annual contribution x 80%
Health: Annual contribution x 100%
d) Remuneration:
Remuneration depends on the role of a commission contract partner and the line of business and tariff.
e) Flat rate
It is assumed that an agent receives an office costs allowance of 500-1000 USD.
f) Guarantee
A main agent is entitled to a guarantee of 1000-2000 USD in the first year.
No sample settings have been entered for liability and bonuses. These areas are too individual to provide predefined Customizing settings in the standard system.
When you create a new commission application, you need to enter settings in the following areas: