System and method for performance evaluation

A method for determining a compensation component for a seller of insurance comprising:

• storing insurance policy data attributed with the seller of insurance in a database;
• retrieving, by a processor, from the database, insurance policy data for a first period of time, wherein the first period of time is substantially less than one year in length;
• deriving, by the processor, based on the retrieved insurance policy data, a partial year compensation rate for the seller of insurance to apply to a second period of time, wherein the second period is substantially less than one year in length and the first period of time ends prior to beginning of the second period of time;
• and
• outputting, by the processor, the derived partial year compensation rate.

A computer readable medium storing computer executable instructions, which when executed by a processor, cause the processor to carry out a method for determining a compensation component for a seller of insurance, the method comprising:

• storing insurance policy data attributed with the seller of insurance in a database;
• retrieving, by the processor, from the database, insurance policy data for a first period of time, wherein the first period of time is substantially less than one year in length;
• deriving, by the processor, based on the retrieved insurance policy data, a partial year compensation rate for the seller of insurance to apply to a second period of time, wherein the second period is substantially less than one year in length and the first period of time ends prior to beginning of the second period of time;
• and
• outputting, by the processor, the derived partial year compensation rate.