MLchartDataset catalogue

Contingent commission

Term · Insurance and risk management · MLC-T-INS-000930

An additional payment made by an insurer to an insurance agent or broker, beyond the standard commission, based on the profitability or volume of the business placed with the insurer. This incentive aligns the interests of the agent with the insurer's underwriting results. It is typically calculated annually and depends on factors like loss ratios and premium growth.

Table 1. Record
IdentifierMLC-T-INS-000930
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000930",
  "term": "Contingent commission",
  "field": "Insurance and risk management",
  "definition": "An additional payment made by an insurer to an insurance agent or broker, beyond the standard commission, based on the profitability or volume of the business placed with the insurer. This incentive aligns the interests of the agent with the insurer's underwriting results. It is typically calculated annually and depends on factors like loss ratios and premium growth.",
  "url": "https://mlchart.com/terminology/insurance/contingent-commission/"
}

Record 744 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.