Track every policy your brokers sell. Handle clawbacks without the headache.
You distribute insurance products through a network of independent brokers. Each broker sells policies on your behalf, earns a commission per sale, and triggers a clawback when a policy is cancelled. Coritra tracks every policy event, computes commissions per product line, and handles clawbacks automatically, so month-end settlement is a formality, not a crisis.
You onboard your broker network
One partner profile per brokerage firm
Customer signs a policy via a broker
Broker distributes your product
Your system calls the Coritra API
Attribution sent with policy details
Commission calculated & queued
Ready for your next settlement batch
Insurance distribution commissions are hard to manage at scale.
Multiple brokers, multiple product lines, variable premiums, and a constant stream of policy cancellations that require commission adjustments. Without the right system, your finance team is buried in reconciliation every month.
Policy cancellations require commission clawbacks
A customer cancels their home insurance two months in. The broker was already credited. Clawing back the exact commission amount, while preserving an audit trail and updating the broker's settlement balance, is nearly impossible to do reliably by hand.
Different rates per product line and per broker
Life insurance pays 8%, home pays 12%, auto pays 6%. And your top-producing broker negotiated an extra 2% bonus across all products. Maintaining all those rules in a spreadsheet for a dozen brokers across four product lines is unsustainable.
Volume bonuses are hard to calculate accurately
A broker who sells more than 50 policies a quarter earns a boosted rate on all of them. Knowing when they crossed the threshold, and retroactively applying the higher rate to the right policies, is a calculation that is nearly impossible to get right consistently in a spreadsheet.
Every policy tracked. Every commission calculated. Every settlement ready to send.
Coritra gives your distribution operation a single source of truth for every policy event, every commission rule, and every payout, no matter how many brokers and product lines you manage.
One profile per broker. Every policy they sold, in one place.
Broker partner profiles
Add every independent broker or brokerage firm as a named partner with their legal details, billing mode, and payout preferences. Their full policy sales history is always visible and filterable in one place.
Partner IDs for clean attribution
Your system passes the broker's unique partner ID with every policy event it sends to Coritra. Every sale is tied unambiguously to the right broker, even when multiple brokers are active on the same product line.
Policy schemas per product line
Define a separate schema for each product line: annual premium, coverage type, policyholder profile. Schemas validate every incoming event so your commission formulas always compute on clean, structured data.
Different rates per product line, per broker, or both at once.
Product line formulas with conditional logic
Pay 8% on life, 12% on home, 6% on auto. Each formula is tied to a specific product schema, so the right rate is always applied to the right type of policy. Build any conditional expression in the visual editor, no code required.
Individual broker terms, cleanly isolated
Each broker can have their own formula for the same product line. Your top-producing firm gets 2% more on every policy type. Their formula is private to their partner profile and has no effect on other brokers.
Rate changes that take effect on a future date
Updating your commission schedule for next quarter? Set a start date on the new formula. Coritra applies it from that day forward and keeps all existing policies on the rates they were sold under.
When a policy is cancelled, the commission adjusts automatically.
Attribution cancellations with full audit trail
When a policyholder cancels, cancel the attribution in Coritra with a reason. The broker's commission is zeroed out immediately. Both the original policy event and the cancellation remain in the history, permanently traceable.
Monthly settlements net of all cancellations
At month-end, create a settlement for each broker. Coritra groups all their confirmed commissions, deducts any cancelled policies, and produces the net payout amount. No manual cross-referencing needed.
Settlement reports policy by policy
Every settlement exports as a PDF or CSV with a line per policy: the annual premium, the applied rate, and the resulting commission. Brokers and your finance team share the same numbers, which eliminates disputes at source.
Your distribution network, tracked from the first policy sold.
Connect your policy management system to Coritra and every sale your brokers close flows in automatically. No manual data entry, no end-of-month scramble.
Set up your brokers and commission rules
Create a workspace for your distribution programme. Add each broker as a partner and define the commission formulas per product line. Your system will use each broker's unique partner ID when recording policy events.
- One partner profile per broker
- Formulas per product line, no code needed
- Unique partner ID per broker
Your system records each policy sold
When a policy is issued in your management system, it calls the Coritra API with the policy details: product type, annual premium, broker ID. Coritra validates the data against your schema and applies the right commission formula instantly.
- Real-time attribution via REST API
- Schema validation on every event
- Commission calculated automatically
Settle commissions every month
At month-end, create a settlement for each broker. Coritra nets out all confirmed policies and any cancellations, then generates a detailed report. Every line is traceable to its originating policy event, so disputes are resolved in seconds.
- Cancellations clawed back automatically
- PDF and CSV settlement reports
- Full audit trail, policy by policy
0
manual calculations
Full
audit trail
14 days
free trial
Pay every partner exactly what they earned, every month.
Start your free 14-day trial today, no credit card required. Your first workspace takes minutes to set up, and your first settlement report can be ready the same day.