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Blog

Is Cannabis the Insurance Industry’s Newest Headache or Opportunity?

The insurance industry is concerned about the legality of insuring a product (medical cannabis) that is Illegal per federal law and has not been approved by the Federal Drug Administration. Apart from Federal law, banking regulations and risks associated with farming—like fires, flooding, and insect infestation—these are the main challenges for Life and P&C carriers and actuaries. Regardless of the challenges, carriers are preparing for the day when federal laws change and remove the legal barriers and reputational risks of providing insurance coverage for the cannabis industry.

by Chuck SaulinoApril 16th, 2019

The Opioid Crisis: Can Insurance Help?

The industry needs to unite as a whole to address this crisis—insurers, providers and pharma. This opioid crisis is possibly the granddaddy of social issues and societal change. What role can insurance companies play in ameliorating this situation?

by John SarichApril 2nd, 2019

Relationship Management in the Insurance Ecosystem

Customer Relationship Management (CRM for Insurance) technology helps both carrier and Producers: managing the direct sale customer (the insured) or managing the retailer (the producers). VUE`s CRM for Insurance develops its platform for scalability and configurability with robust framework and object architecture…

by Nosakhare AgbogunMarch 27th, 2019

Takeaways from LIMRA 2019 Distribution Conference

The conference is a niche event targeting players in the Life and Annuity segment of the insurance industry. The sessions, called Markets in Transition: How will Distribution Evolve and Transforming Field Leadership Support with technology, they encouraged to focus more on leveraging insurance technology to accomplish more and get the greatest return on investment.

by Margaret LivermoreMarch 11th, 2019

Meet the VUE Team at LIMRA Distribution Conference 2019

The LIMRA 2019 – Distribution Conference for Financial Services: Understand how you can embrace change in the industry and find your footing in the shifting sands.The Life Insurance and Market Research Association 2019 Event for professionals in distribution management. Come meet the VUE Team and find out the latest on how we Modernize Distribution…

by John SarichFebruary 21st, 2019

Insurance CRM: It’s impact on Carriers & Agencies

The success of Insurance CRM Software can be seen in its ROI. In sales circles, ROI is defined as saving the client money, saving the client time, or increasing revenue. The ROI in CRM directly linked to increasing revenue.

by John SarichFebruary 14th, 2019

Customer Relationships: A Millennial Approach

Effective communication throughout the project lifecycle is possibly the most effective element of the customer experience. Understanding millennials is key. VUE software is well known for providing a leading insurance distribution management platform and a good customer experience…

by Margaret LivermoreFebruary 4th, 2019

Millennials: A puzzle in the Insurance Industry.

Millennials are technology savvy. The legacy systems are slow and uninteresting, insurance companies, have launched major initiatives to accelerate the digitization of information for themselves as well as their agents. Carriers are seeing the benefits of improved user and customer experience in business growth, improved information landscape, and in the ability to use data to deliver insight into the business.

by John SarichJanuary 16th, 2019

How often is License information updated from National Insurance Producer Registry (NIPR)?

VUE Software optimizes producer management with real-time integration to the PDB, providing timely and accurate access to new producer demographics, licenses, and appointment information that is always up to date and available through one-click access and synchronization.

by Patricia A. JoyceJanuary 8th, 2019

There is More to Insurance Compensation Management than Writing a Check

A few odds and ends that revolved around commissions and compensation management is how much insurance companies pay in commissions to producers. Across the board, commissions in insurance have a historic average rate of 10%. That’s for life and annuities, property and casualty, and health.

by John SarichDecember 19th, 2018