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Archives

Distracted Driving: Can Insurers Stop This American Addiction?

Distracted driving endangers the life of the driver and others. Texting while driving, talking on a cell phone, using a navigation system—especially looking on a map on your phone—and eating while driving are a few examples of distracted driving.

by Margaret Livermore2019

Passing the Torch: Who Will Teach Insurance to the Next Generation?

Today’s training regime for most insurance companies is to provide training on the specific job you have and ignores the larger context of how insurance companies operate. Insurance training has gone from maximalist to minimalist and that is a major problem. Now with the lack of training at the carrier level, the agency is left with hiring people off the street and that isn’t good for anyone in the insurance value-chain.

by John Sarich2019

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 Saulino2019

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 Sarich2019

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 Sarich2019

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 Sarich2018

Distribution Modernization. Still the One

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.

by John Sarich2018

VUE Software: SILA 2018 Recap

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.

by Patricia A. Joyce2018

Addressing Voluntary Benefits in the Workplace

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

by Margaret Livermore2018

Producers Are You Certified? Medicare Open Enrollment Period is Almost Here!

As a licensed agent or producer, the requirements include bi-annual continuing education for licensure, annual carrier certification, product trainings, and AHIP/FFM. The producers must go through a re-certification process for each carrier with which they are contracted.

by Tyler Benjamin2018