- Two things drive agency income: renewals kept and commissions collected in full.
- Manual tracking loses both — missed renewals and unreconciled commissions.
- Software makes renewals automatic and commissions transparent to the last rupee.
An insurance agency's income is only as good as its record-keeping. Every policy has a renewal date that means recurring income, and every sale earns a commission that must actually be received and shared with sub-agents. Policy and commission software makes sure neither slips.
Policy lifecycle, under control
- Policies across life, health, motor and general insurers
- Renewal dates with automatic client and agent reminders
- Endorsements, cancellations and document storage
- Client CRM with full policy history
Commissions, to the last rupee
- Commission rules per insurer and product
- Multi-level agent hierarchy and payouts
- Expected vs received commission reconciliation
- Sub-agent statements and settlements
Without reconciliation, agencies routinely under-collect commissions from insurers and lose track of what's owed to sub-agents. Both quietly shrink the margin the agency worked to earn.
Built for your insurers and structure
Every agency deals with its own mix of insurers, products and commission slabs. Wizix builds policy and commission management around yours — so renewals never lapse and every rupee of commission is tracked and reconciled.
Can it reconcile expected vs received commission?
Yes — the system tracks what each policy should earn and flags shortfalls against what insurers actually paid.
Does it handle sub-agent payouts?
Yes, multi-level agent hierarchies with statements and settlements are built in.
See renewals and commission reconciliation on your own book — book a free Wizix demo.
Explore Wizix Insurance SoftwareWizix builds custom ERP, billing and business software tailored to Indian industries. We share practical, no-jargon guides to help business owners choose and use the right software.
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