Estimate your return with CovioIQ
Retained commission and admin time, from your own numbers. Every figure is a modelled estimate with its assumptions shown, not a promised result.
Your brokerage
Change any number; the estimate updates as you type.
500 policies
$1,200 CAD
12% of premium, $144 on an average policy
85%
15 hours a week
Estimated commission retained
CAD a year, in commission (not premium), from 15 additional renewals kept under the assumptions below.
Retention
Assumes earlier outreach on renewals flagged by rule-based churn-risk scores. If you already retain 95% or more, the model shows no gain rather than a loss. CovioIQ does not claim any retention result.
Time, shown separately
50% of 15 hours a week over 48 working weeks, at an assumed $50 an hour. Time is not cash, so it is kept out of the commission figure above.
Against the plan cost
Try it on your own book
CovioIQ runs beside the broker management system you already use. Import your clients and policies by CSV and work renewals in CovioIQ; nothing here assumes you replace anything.
How the estimate is calculated
Commission, not premium
Retained money is counted as commission: average premium × your commission rate. Gross premium belongs to the carrier, so it is never shown as brokerage revenue.
Retention
The model assumes earlier outreach closes 30% of the gap between your retention rate and 95%. Above 95% the gap is zero, so the retention line is zero, never negative. Renewals kept = policies × improvement. No accuracy figure is published for churn-risk scores.
Time
50% of your weekly admin hours over 48 working weeks, valued at $50 an hour. Shown separately from commission because it is an estimate of time, not cash.
Plan cost
Team plan at $149 a month, $1,788 a year. Annual billing is $1,490 a year. Other plans are on the pricing page.
All figures are estimates computed from your inputs and the assumptions above. Actual results depend on your brokerage, and CovioIQ does not guarantee any savings, retention or revenue outcome.