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Blog

Insurance Automation: A day in the life of an Insurance Compliance Manager

Does the following sound familiar? Read on to see if this is not reminiscent of your world today. Rest assured; there is a better solution. You come to work and immediately see a stack of paper on your desk. You haven’t even had your first cup of coffee. The paperwork has been faxed by prospective… Read more »

by Karen MachamerJuly 26th, 2017

Insurance Fraud, Waste, and Abuse: It’s not just Medicare and Medicaid…

When someone says Fraud, Waste, and Abuse (FW&A), you immediately think of Medicare and Medicaid. It is rampant there, but it occurs throughout the insurance industry. The NAIC had this to say about insurance fraud: Insurance fraud occurs when an insurance company, agent, adjuster or consumer commits a deliberate deception in order to obtain an… Read more »

by Karen MachamerJuly 17th, 2017

How to REALLY Lower Healthcare Costs

The Great Healthcare Debate of 2017 has been underway for a few months with the usual drivel about the impossibility of lowering healthcare costs and thereby lowering insurance premiums. Experts in healthcare—generally those who created this mess to being with—tell us they were lying when they claimed they could, through the ACA (aka Obamacare) “bend… Read more »

by John SarichJuly 6th, 2017

Insurance Compliance News: Services May Be Suspended at The Office of the Insurance Commissioner in Washington State

On the website for the Office of the Insurance Commission for Washington state, there is a link that takes you to details about a possible suspension of services beginning July 1, 2017.  The reason for the suspension is due to the Washington State Legislature not yet approving state operating and capital budgets for the 2017-2019… Read more »

by Karen MachamerJune 28th, 2017

How DO Producers Sell without Lead Generation?

The simple answer is … staying in contact with current policyholders. I recently attended the Insurance Summit in Kansas City in May, 2017, sponsored by the NAIC and NIPR.  One hot topic was “the Age of Technology and how it affects the insurance industry.”  One session that spoke to me was how producers find leads. … Read more »

by Karen MachamerJune 27th, 2017

Digitization in Insurance: Think Different for Maximum Growth

I attended a Forbes Insight webinar on growing business by thinking differently.  It was centered on Open, Design, and Platform Thinking. I was fascinated, made some notes, stored some of the information in my brain, and went on to the next task. Then I read Maan Thakur’s article, “Here’s how hybrid service models give insurers… Read more »

by Margaret LivermoreJune 14th, 2017

#IASA2017 Conference – It’s That Time of the Year  

As sure as night follows day, so does IASA follow the Grand Berkshire Hathaway annual meeting. Someone reading this right now is scratching their head wondering what the heck IASA has to do with Berkshire Hathaway. Well friend, scratch away. In the event that you are familiar with IASA and not Berkshire here is the… Read more »

by John SarichMay 25th, 2017

Meet VUE Software at the 37th Annual Caribbean Insurance Conference

Each year, the Insurance Association of the Caribbean Inc. (IAC), hosts an annual conference, the Caribbean Insurance Conference (CIC), attracting more than 600 attendees from 38 countries, from the insurance and financial industries. This conference offers a collaborative forum for Caribbean insurance regulatory authorities, insurance educational institutes, actuaries, and other groups with interest in the… Read more »

by Margaret LivermoreMay 24th, 2017

Insurance Compliance News: Kansas has Revised Third Party Administrator Life and Health Licensing

Kansas Insurance Department (KID) has passed Senate Bill No. 22, updating statutes relating to the regulation of third party administrators. It amended K.S.A. 40-3801 et seq., regarding the licensure of third party administrators in Kansas. The law became effective March 9, 2017. (See Bulletin 2017-2 http://www.ksinsurance.org/department/LegalIssues/bulletins/Bulletin-2017-2.pdf) An individual or business entity that performs the duties… Read more »

by Karen MachamerMay 18th, 2017

VUE CRM is essential to DISTRIBUTION MODERNIZATION

A well-designed distribution system or platform with the ability to manage the key business process of distribution—recruiting and on-boarding, compliance, compensation, portal, and analytics—will have all the requisite functionality. Additionally, the modular design of the system should let modules “plug and play” with each other. This allows various applications, some disparate, to be used in… Read more »

by John SarichMay 15th, 2017