Service 02 — Commission & Premium Reconciliation
Premiums and commission
that reconcile — every
time, without effort.
When the figures across your insurers align correctly and commission is accounted for at the right point, your brokerage finances carry a clarity that makes everything downstream more manageable.
What this delivers
Figures that hold together across every insurer relationship.
Brokerage commission flows through multiple insurer relationships simultaneously — different rates, different payment cycles, different statement formats. Reconciling this work accurately and on a regular cadence is what keeps the agency's income picture reliable and its compliance position sound.
Multi-insurer reconciliation
Premiums and commission statements across all your insurer relationships brought together, compared and reconciled — regardless of how different each insurer's reporting format is.
Discrepancy identification
Where amounts don't match what was expected — short payments, timing differences, statement errors — we identify these clearly and document them for follow-up or adjustment.
Commission income visibility
A clear view of commission earned, commission received and the gap between the two — across all insurer relationships, at every reconciliation point.
Regular cadence, kept to
Reconciliations completed at the intervals your obligations and business rhythm require — not deferred when the period is busy or the statements arrive late.
Plain presentation
Reconciliation outputs presented in a format that makes sense without accounting expertise — what was expected, what arrived, what differs and why.
Audit-ready documentation
Supporting records for each reconciliation maintained in a state where they can be produced at a review or audit without preparation work.
Where things tend to get complicated
Commission reconciliation across multiple insurers is genuinely time-consuming work — and it shows when it isn't done properly.
Each insurer sends statements in its own format, on its own schedule, with its own conventions for how adjustments, returns and net commission are presented. Pulling these together accurately — and regularly — requires both the time and the familiarity to do it well. For many brokerages, it's the piece of financial administration that falls behind first when things get busy.
The consequences are rarely dramatic in the short term. Commission income appears in the books eventually. But the gap between what was expected and what arrived can go unnoticed for months. Short payments from insurers accumulate. The income picture becomes approximate rather than accurate. And when year-end or a compliance review arrives, reconstructing a year's worth of reconciliations is a different kind of problem entirely.
This is work that yields the most value when it's done consistently, at the right intervals, and with the discipline to follow up on discrepancies as they appear.
What poor reconciliation typically costs a brokerage
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Short payments from insurers that go unidentified and therefore unclaimed
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Commission income recorded at the wrong point, distorting the monthly picture
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Significant time at year-end reconstructing reconciliations that should have been done during the year
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Difficulty explaining the commission position to directors, investors or compliance reviewers
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An imprecise view of agency income that makes financial planning harder than it needs to be
Our approach
Reconciliation work done at the right depth, on the right schedule.
We handle the full reconciliation cycle — taking in insurer statements, comparing against expected amounts, identifying differences and documenting outcomes — so the figures that reach your accounts are accurate, and the ones that don't arrive are noticed.
Premium reconciliation
Premiums collected are reconciled against policy schedules and insurer bordereaux. Timing differences, returns and adjustments are accounted for correctly — so the premium position is accurate at every point in the cycle, not just at year-end.
Commission reconciliation
Commission earned across each insurer relationship is reconciled against statements received. Short payments, rate discrepancies and timing differences are identified and flagged, with a clear record of what action followed.
Discrepancy management
Where differences arise, we document them clearly — the amount, the likely cause and the appropriate next step. Nothing is left unresolved without a note. The record shows what was done and why, not just what the figures are.
Period summary reporting
Each reconciliation period closes with a clear summary — premiums reconciled, commission earned versus received, outstanding items, adjustments made. Presented in a format that can be used directly in management or compliance discussions.
Working together
A recurring service you can rely on without having to oversee it.
The value of this service comes from its regularity. We handle the reconciliation work at each interval; you receive the outputs and can act on what they show.
Understanding your insurer mix
We begin by mapping your insurer relationships — rates, statement formats, payment schedules and any existing reconciliation history. This shapes how we structure the work going forward.
Setting up the reconciliation framework
We establish the structure for tracking premiums and commission across each relationship — so reconciliation at each interval starts from a clean, consistent base rather than being rebuilt from scratch.
Regular reconciliation cycle
At each agreed interval, we receive statements, complete the reconciliation, document discrepancies and issue the period summary. Queries are resolved as they arise, not left for the next cycle.
Accessible records throughout
Supporting documentation for every reconciliation kept in order and accessible — so when a review, audit or year-end preparation requires the figures, they're there and they hold up.
Investment
A predictable monthly fee for work that runs without prompting.
This service is priced as a fixed monthly arrangement. The reconciliation work runs at the agreed intervals; you receive the outputs. There are no variable charges based on how many insurers are involved within a normal operating scope.
The fee reflects the time and knowledge involved in doing this work properly — correctly, consistently and with the documentation that makes the figures usable beyond the accounts themselves. It also avoids the less visible cost of commission that doesn't get claimed because no one was watching the statements closely enough.
Commission & Premium Reconciliation
- Premium reconciliation across all insurer relationships on the agreed schedule
- Commission earned versus received reconciled at each interval
- Discrepancy identification and documentation with clear next-step records
- Period summary report — premiums, commission, outstanding items, adjustments
- Supporting documentation maintained and accessible for each reconciliation period
- Year-end commission and premium records in a state requiring no reconstruction
- Questions and queries handled as they arise
What to expect
Consistent reconciliation work produces a cumulative effect.
The benefit of this service isn't visible all at once. It builds over successive reconciliation periods — each one adding to a record that becomes more reliable and more useful as it grows.
Early periods
Establishing accuracy
The first reconciliation cycles establish the baseline — what's expected from each insurer, what the payment patterns look like, where the discrepancy history sits. Anomalies that may have been quietly accumulating become visible and can be addressed.
As rhythm develops
Income picture becomes reliable
With each period reconciled correctly, the commission income picture becomes more accurate and more usable for planning. Discrepancies are caught promptly rather than accumulating. The monthly summary becomes something the business can act on.
Over a full year
Year-end without reconstruction
A year of properly completed reconciliations means year-end accounts and compliance reporting can draw on figures that have already been checked. No catch-up work, no approximations, no surprises in the numbers.
Our commitment
We describe exactly what we'll do — before anything is agreed.
The initial conversation is there for both of us to understand the fit. We'll ask about your insurer relationships and your current reconciliation arrangements — and we'll be honest about whether this service addresses what you're dealing with.
If we start working together, you'll know in plain terms what we're doing, when we're doing it and what you'll receive. We don't hold things back to create dependency, and we don't make the work more opaque than it needs to be.
First conversation at no charge — a genuine discussion about your reconciliation situation with no obligation to proceed
Scope described clearly in plain terms before any arrangement begins
Reachable if questions arise mid-period — not only at each reconciliation output
Getting started
Starting is simpler than the work itself.
We don't need extensive documentation before we can speak. A brief description of your setup is enough to begin a useful conversation.
Send a message
Use the contact form to reach us. Tell us briefly how many insurer relationships you have and what your current reconciliation process looks like — or what it doesn't look like yet.
We have a conversation
We'll talk through your insurer mix, the statement formats you're working with, and what a proper reconciliation cycle would look like for your operation. No charge, no commitment.
We set out the structure
If this is the right fit, we describe what the recurring work looks like — the cadence, the outputs, the handover from your current arrangement. You decide whether to proceed.
Commission & Premium Reconciliation
If your commission figures could be more reliable, this is where that starts.
We're happy to talk through what you're currently doing and whether this service addresses what you're looking to improve. The first conversation carries no obligation.
Contact PremiraOther services
Explore further
These services are often taken alongside this one, or as either the foundation or the next step.
Service 01
Brokerage Bookkeeping & Client Money
Careful bookkeeping that keeps client money properly separated from agency funds, with the regular reconciliations the rules require.
Service 03
Year-End Accounts & Compliance Reporting
Preparation of year-end accounts and the financial elements of compliance reporting, explained clearly and documented thoroughly.