specification: FinOps Framework
specificationVersion: '1.0'
schema: https://www.finops.org/framework/
provider: Coterie Insurance
providerId: coterie
created: '2026-06-25'
modified: '2026-06-25'
reconciled: false
tags:
- Insurance
- Commercial Insurance
- Small Business
- Embedded Insurance
- Insurtech
- FinOps
- Cost Management
- FOCUS
description: >-
  FinOps view of a Coterie API integration. Unlike usage-metered API products,
  Coterie does not bill partners per API call; the economic model is insurance
  commission on bound premium for appointed agents and digital partners, plus
  the underlying carrier premium, taxes, and fees collected from policyholders
  (Coterie uses Stripe for payment processing). The cost objects to track are
  therefore bound premium, commission earned, and policy counts by line of
  business rather than request or token spend. Monetary terms are negotiated per
  partner and not publicly published, so figures here are not reconciled.
notes: >-
  Track spend and revenue at the policy and premium level. Per-partner
  commission rates and carrier economics are set in the partner agreement;
  verify with Coterie during reconciliation.
sources:
- https://docs.coterieinsurance.com/
- https://coterieinsurance.com/partners/
- https://focus.finops.org/focus-specification/v1-3/
alignedWith:
  framework: FinOps Foundation Framework
  frameworkUrl: https://www.finops.org/framework/
  dataSpec: FOCUS
  dataSpecVersion: '1.3'
  dataSpecUrl: https://focus.finops.org/focus-specification/v1-3/
publisherName: Coterie Insurance
serviceCategory: Insurance
billingModel:
  pricingCategory: Commission-Based
  billingFrequency: Per Policy
  billingCurrency: USD
  chargeCategories:
  - Purchase
  - Usage
  - Adjustment
focusColumns:
  ServiceName: Coterie Commercial Insurance API
  ServiceCategory: Insurance
  ProviderName: Coterie Insurance
  PublisherName: Coterie Insurance
  InvoiceIssuerName: Coterie Insurance
  BillingCurrency: USD
  ChargeCategory: Purchase
  PricingCategory: Commission-Based
meters:
- name: bound_premium
  description: Premium on policies bound through the API, by line of business (BOP, GL, PL, WC).
  unit: currency
  aggregation: sum
  dimensions:
  - account
  - lineOfBusiness
  - agency
- name: commission_earned
  description: Commission earned by the partner / agency on bound premium per negotiated terms.
  unit: currency
  aggregation: sum
  dimensions:
  - account
  - agency
- name: policies_bound
  description: Count of policies bound and issued, by line of business.
  unit: policies
  aggregation: sum
  dimensions:
  - account
  - lineOfBusiness
- name: quotes_generated
  description: Count of bindable quotes generated against applications.
  unit: quotes
  aggregation: sum
  dimensions:
  - account
  - lineOfBusiness
principles:
- name: Visibility
  description: Track bound premium, policy counts, and quote-to-bind conversion per agency and line of business.
- name: Allocation
  description: Attribute premium and commission to producers and agencies via producer / agency identifiers.
- name: Optimization
  description: Improve quote-to-bind conversion and select appropriate lines of business; reduce abandoned quotes.
- name: Accountability
  description: Reconcile commission statements against bound-premium reporting per partner agreement.
maintainers:
- FN: Kin Lane
  email: kin@apievangelist.com