GreenWave

GreenWave is commission management software for the insurance trade. It automates the handling of commission data, reducing the administrative load on the people who process it every day.

What GreenWave offers

• Commission processing — automates commission calculation and data handling.
• Discrepancy control — aims to remove payment mismatches with carriers.
• Lower overhead — the vendor says automation cuts overhead and frees capacity.
• Producer relations — the vendor links reliable payment to loyalty from the producer channel.

The vendor says that once commission data is processed automatically, a company sees a quick improvement in profitability.

Who it works with

Managing general agents (MGAs), brokers, agents, carriers and their support staff, who share the workload of reconciling commission figures.

Key facts

• Category: commission management software
• Focus: insurance distribution