Managing General Agents (MGAs), large insurance agencies that manage over 250 career agents and smaller agencies, are plagued by unique administrative challenges. Because they sell different types of products from multiple carriers across multiple states, and pay commission to an oversized force of writing agents and general agencies.
Any stakeholder in the healthcare industry is sure to be closely monitoring the discussions related to Healthcare Reform. The controversial issues at hand include co-ops versus a public plan, the millionaires’ tax and business penalties, and every congress person and journalist seems to have a different opinion on what has a chance of being included in the bill.
President Obama’s Health Care Address to Congress last night was a dense and succinct explanation of his proposed plan for health care reform, bookended by invocations of history, sentimental anecdotes, and a posit on the definition of American character.
A recent article “A Robin Hood for Inconvenienced Fliers in Europe” in the Wall Street Journal caught my attention for the company’s innovative use of software technology to address a social issue. The article profiles a company founded by Dutch software executive Hendrik Noorderhaven for the benefit of inconvenienced air passengers in Europe.
A recent report by Celent on “Handling the Crisis: Update on Q1 Insurance Industry Expectations and Strategies” once again reiterates the strong role technology is perceived to play in the insurance industry.
A recent article in Insurance Networking News pointed to the need for data quality and accessibility in the insurance industry. While the article was focused on the implications for risk management, the need for clean, accessible data is also paramount to effective compensation management.
How often do we see a flying car? If “never” is your answer you are correct – but only for the next year or so. Terrafugia, founded by MIT-trained aeronautical engineers and MBAs, has developed a revolutionary new dual-purpose vehicle- The Transition® Roadable Aircraft.
In the current economic scenario, insurers are acutely aware of the need for greater customer satisfaction and higher retention rates. Insurers realize that improved customer loyalty helps reduce overall costs and gain more value.