<img src="https://ws.zoominfo.com/pixel/08nMIOkRYNP5pDJwI4fb" width="1" height="1" style="display: none;">

We Make Incentive Compensation Easier for Insurance Companies

Accurately calculate commissions, bonuses, and fees, and motivate agents with a solution built for the complexities of insurance:

  • Producer Portal and out-of-the-box insurance reports and dashboards
  • Commission schedules templates built for insurance
  • Data model built for insurance

Talk to an Expert

Trusted by Leading Insurers Globally

With Performio, insurance leaders can modernize their incentive programs to align with business goals, attract and retain top-performing agents, and simplify the complexities of managing multiple distribution channels.
Asset 4Insurance-page-logos-1

Designed to Handle all
Types of Selling Teams and Compensation Metrics

Plan Components to Handle any Insurance Role:

  • Insurance Agents/Brokers/Producers
  • Regional Sales Directors
  • Account Managers
  • Underwriters
  • Claims Managers & Adjusters

Pay on any Metric:

  • New Policy Sales
  • Production Volume
  • Cross-Selling and Up-Selling
  • Customer Retention & Growth
  • Insurance Premiums, Annuities, Policy Renewals
  • Compliance Metrics
  • Loss Ratio & Persistency Management
  • Referrals & Assists

Solving Unique Commission Challenges

dashboard-graphic

Motivate External Producers to Sell your Products

Keep distribution channels of external and in-house producers engaged with real-time dashboards, easy-to-read commission statements, and insightful analytics. Performio integrates seamlessly into your existing Producer Portal, simplifying the way you motivate producers to sell your products. Flexible and secure, the platform adapts to complex needs, enabling seamless collaboration between insurers and external producers and clear performance insights that drive growth.
Asset 6Transportation-Logisitics

Drive Growth & Performance with Insight-Driven Strategies

Performio’s compensation data enables powerful insights that drive increased production, enabling you to reward behaviors aligned with business outcomes. Use leaderboards to inspire healthy competition, and support administrators in optimizing commissions and incentive schedules to adapt to dynamic market needs.

Asset 7MedTech

Modernize Legacy Systems and ICM Processes

A modern ICM platform like Performio eliminates the inefficiencies, bottlenecks, and overpayments caused by home-grown solutions or formula-heavy spreadsheets. Launch new products more quickly with flexible compensation plan adjustments, allowing producers to write new policies faster. Define requirements to ensure compliance while minimizing risks of payment errors.

ICM Built for Insurance

Over the past 15 years, Performio has implemented hundreds of incentive compensation plans for groups across the insurance industry, including carriers, brokers, and agencies. Performio has unique features designed for the insurance industry.

  • Supports complicated data structure and external data sources such as policy admin systems
  • Built-in complex crediting functionality, handling overrides and advances, etc.
  • Multiple hierarchies to support overrides by product lines
  • Credential checks for crediting to producers, such as licenses, appointments, or disciplinary actions
  • Integration with regulatory bodies such as NIPR
  • Plans based on policy production, premiums collected, production volume, cross-selling, up-selling, and other performance metrics 
  • Monthly, quarterly, semesterly, and annual attainment to target out-of-the-box
  • Supporting complex plans with splits, adjustments, referrals & assists
  • Aligns incentives with compliance goals
  • Supports qualitative and quantitative performance measures like MBOs production volume, short-term spiffs, and other bonuses
  • Calculate clawbacks/take-backs and manage debit balances

 

  • Payee (officer and advisor) dashboards and  commission statements
  • Payee and team performance views for managers, including a leaderboard
  • Personalized, insightful, powerful dashboards and analytics for executive officers
  • Robust audit trail for accounting exception reporting
  • Policy status queries and commission alignment tracking for producers

Use Performio to Handle Insurance Commission Complexity

checkbox-icon-faded
Incomplete, messy
& complex data
checkbox-icon-faded
Regulatory compliance
& audit logs
checkbox-icon-faded
Referrals & assists
checkbox-icon-faded
Commission & bonus
visibility for producers
checkbox-icon-faded
Adapt plansto match business goals
checkbox-icon-faded
Dispute management
& complex approvals
checkbox-icon-faded
Splits, transfers
& complex crediting
checkbox-icon-faded
Commission channel payouts reporting
checkbox-icon-faded
Performance analytics for managers & producers

ICM Technology that
Serves Your Entire Business

headshot-blue-bg-1

Finance & Accounting

Don’t disappoint or miss projectionsby incorrectly calculating and estimating commissions for your next quarter. Switch to an Incentive Compensation Management solution.

Read more

headshot-blue-bg-2

Human Resources

Quickly get smart, reliable dashboards that offer audit capabilities and governance checks before a commission achieves verified status with Performio's Incentive Compensation Management solution.

Read more

headshot-blue-bg-3

Sales & Managers

The best way for you to increase sales performance is to know where you stand and have an accurate, transparent understanding of your commissions. How? By making sure your SPM has purpose-built Incentive Compensation Management features.

Read more

See how Performio can Drive Performance for Your Insurance Organization

Request a Demo