Archives

Making Insurance Distribution Easier with Systems Integration

System integrations can simplify and speed up many tedious processes. When modernizing your distribution management system, choose a technology provider that will allow you to take advantage of all the benefits that integrations have to offer.

by Sunil Kandikatla2019

Is Robotic Process Automation the Next Step for the Insurance Industry?

How can Robotic Process Automation advances the Insurance Industry? InsurTech solution providers are constantly looking for the next best way to improve enterprise service and solution delivery offerings for administration processes such as distribution management, compensation, and policy administration.

by Nosakhare Agbogun2019

Mergers and acquisition: an emerging trend in the technology industry

The Vue team went to the IASA 2019 annual conference expecting to stand out due to their recent acquisition but found several other companies in the same position. There were some significant acquisitions in the technology vendor industry in 2018 and this trend appears to be continuing in 2019.

by Margaret Livermore2019

Make a Hole in 1 and Win with Vue @ IASA 2019

Heading for Phoenix, the always informative and interesting IASA Annual Conference. Attending the 2019 IASA conference will be very different from any that we’ve attended in the past as now we’re attending as a part of Vertafore. There are literally hundreds of people attending conference who will be interested in the “whys and wherefores” for combining Vertafore and VUE Software.

by John Sarich2019

Omni-Channel Communication and AI for Insurance

In todays more technically advanced organizations, an omni-channel experience supported by artificial intelligence is offered. The major targets for this technology are banks and insurance companies. The first line of modern interaction is the chat-bot which are designed to answer a particular stream of questions related to a specific area and can have a certain level of “artificial intelligence.”

by Phillip Brown2019

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

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 Agbogun2019

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 Livermore2019