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.
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.
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.
Because VUE Software offers the only Distribution Management Platform that fully manages all aspects of distribution we have a perspective that is somewhat unique. Our experience shows that carriers in all insurance segments—life/annuities, property and casualty, and health—are addressing distribution as a significant part of their overall business strategy and are willing to invest in improving their distribution strategies.
What does Delivery Optimization and Insurance Modernization have in Common? Simply a means to maximize the implementation of insurance distribution management software. Defense 2 Offense strategy – Delivery Optimization and Insurance Modernization.
The 2018 SILA Education Conference officially kicked off on Sunday, September 30, 2018 with the Exhibitor Fair & Welcome Reception. The VUE Software booth saw a lot of traffic and the VUE team was excited to chat with all the folks that stopped by. The Regulatory Exchange sessions provided regulatory responses to pain points in the industry that can be changed for better efficiency and processing.
VUE Software offers a robust and automated tools engine—VUE Health & Benefits Billing—that allows insurers and third-party administrators to deliver online billing efficiently. VUE Health & Benefits Billing for Individual, Group and Voluntary; Online Billing and Collections Management to helps Insurers, TPAs with Compensation Payout Process
Redefining Insurance Technology Application Development Process (Part 2) – highlights on Agile adoption, existing corporate IT infrastructure, and waterfall’s continuing importance. VUE Software has experienced an increased demand for Agile development methodology with insurers operating single/multi-lines of business.
The blog on an emerging trend called the Re-Emergence of the Core System Custom Build, or as crazy talk around the IT campfire. And throw out the big what if. The big what if sounds like this: hey, here’s an idea, why don’t we build our own policy admin system?
VUE Software is excited to once again be an exhibitor at SILA’s Think Bigger…Finish Strong National Education Conference. VUE software represents the “Think Bigger” theme by leading the Distribution Modernization movement and providing insurance organizations with a solid path to revenue growth and competitive advantage.