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The Intelligent Approach to Beating the Deadline for PPACA-Compliant Summaries of Benefits and Coverage
Stringent legal requirements introduced by the Patient Protection and Affordable Care Act (PPACA) for health plan Summaries of Benefits and Coverage (SBCs) have put pressure on today’s health insurers and group health plans. The compliance deadline of March 2012 seems impossible to meet.
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How Compensation Management Drives Value and Transforms Business for Insurance Marketing Organizations and MGAs
Today’s insurance marketing organizations and MGAs are being driven toward an impasse. Compensation plans are increasingly complex and it’s difficult to reconcile commission revenue. Compensation management can transform these encumbrances into a competitive advantage.
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Optimal Compensation Management for Life Insurers: Aligning Agents with Organizational Goals
In today’s soft market, it is becoming increasingly difficult for life insurers to find new customers. To maximize profitability, life insurers need the ability to contain costs while also leveraging creative –
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Optimal Compensation Management for Property and Casualty Insurers: Aligning Agents with Insurance Carrier Goals
To maximize profits, property and casualty (P&C) insurance carriers’ sales efforts must be as efficient as possible. Insurers need the ability to quickly go to market with new products while leveraging –
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Winning Sales Performance Management for Insurance Organizations: One Size Does Not Fit All
SPM refers to the category of business intelligence (BI) technology that manages incentives, territories and quotas to influence the performance of the sales force. Effective SPM for insurance must leverage agent licensing—
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Optimal Compensation Management for Health Insurers: Aligning Agents with Insurance Carrier Goals
To maximize profits, health insurance carriers’ sales efforts must be as efficient as possible. Insurers need the ability to quickly go to market with new products while leveraging creative incentive programs that keep agents and brokers focused on company objectives.
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Optimal Compensation Management - Aligning Agents with Insurance Carrier Goals
The right technology solution gives insurance companies the functionality they need to align agents and producers with corporate strategy and bring about dramatic changes.
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Securing Producer Loyalty: Insurance Carrier Strategies for Optimizing Agent Retention and Productivity
Agents are motivated not only by commissions but also by an overall positive business experience. This should include rapid, accurate, no-hassle payments, detailed statements and 24-x-7 information access—
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Supporting Sarbanes Oxley Initiatives for Better Financial Practices with Compensation Management
Regulatory changes and public litigation have underscored the importance of compensation clarity. Insurers can address a variety of incentive and commission issues with compensation management systems.
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The Business Value of Compensation Management in the Insurance Industry
Compensation is a fragmented process fraught with inconsistencies, errors and wasted time for most carriers, Managing General Agents (MGAs), producers and support staff in today’s insurance industry value chain.
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