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Redefining Insurance Technology Application Development Process (Part 1)

Understand how Insurance Technology Application Development Process in insurance distribution and producer management solutions. Based on factors such as technical training and exposure, insurance IT departments staff and implementation experience, the success rate of Agile over Waterfall (42% vs 14%), the overall quality of delivery, and the development approach to the desired system.

by Nosakhare Agbogun2018

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

Why Tesla is Experiencing Skyrocketing Insurance Costs

As for Tesla, the insurance companies that were asked to insure the Tesla cars did not have any knowledge of the true cost to insure the cars for this simple reason: they had no idea of the cost to repair the cars. With insurance companies not having any idea of the potential cost to repair a Tesla against a variety of accident scenarios, they began to guess the cost of repair.

by John Sarich2018

The High Cost of Drugs isn’t Just a Problem for Insurance Companies

The 39 most expensive drugs in the U.S. range from an annual cost of low $10,000’s to high $500,000’s,’ says John Sarich, VP of strategy at VUE Software. ‘They are designed to treat very serious medical conditions. It should be noted that pharmaceutical companies are international businesses with drug manufacturers.

by John Sarich2018

Medicare Advantage Gets A Burst Of Energy With Higher Reimbursements.

Continuing growth of Medicare Advantage means competition as carriers drive Medicare Advantage enrollment growth by increasing internal sales teams and aggressively courting major Insurance Agencies to market their plans.

by Wesley Gillis2018

Health Plans: 5 Benefits of Automating your System

The Deloitte Health Plan Retail Online Capability Survey of six health plans concluded that technology investments are no longer an option—they’re an imperative. The benefits are quantifiable and the cost of automation has decreased significantly. Here are the top 5 benefits of automating:

by Nidhi Saxena2018

Emergency Independent Adjuster Licensing Rules & Requirements

With the eruption of the Kīlauea volcano that caused devastation in Hawaii, and meteorologists predicting a more active than normal 2018 Hurricane season, insurers need to be prepared and informed of the rules that govern declared catastrophes if they intend to use Emergency Independent Adjusters to process claims. In the event of a declared catastrophe,… Read more »

by Patricia A. Joyce2018

Are Insurance Companies Adopting Producer Lifecycle Solutions?

I have spent the last 20 years or so watching and helping in the evolution of CRM (Customer Relationship Management). The journey began while at the largest telecommunications company on the planet, running a team of seasoned architects. Our purpose was to map out the long-term application strategy for the infrastructure. During one of our… Read more »

by Charles Jankowitz2018

“Power Up” with the VUE Software Team at IASA

VUE Software has been an exhibitor at the IASA Annual Conference for several years. Each year we look forward to connecting with old friends and meeting new ones at this very vibrant event. This year’s theme, “Power Up,” points to the notion that knowledge is power, and this is the place to soak up knowledge… Read more »

by Margaret Livermore2018

Producer Management in the Era of Artificial Intelligence (AI)

Producers or Agents have been a part of the insurance distribution landscape for over 100 years. The role of the agent as a sales representative, customer service representative, in client management, as a business advisor to the carrier, and many other roles make the agent the king-pin, if you will, of getting insurance products into... Read more » by John Sarich2018