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.