The current economic severity continues to be a challenge to all. Analysts across industries are coming up with their own assessments, from The New Normal, to those who predict an upturn any day now.
With challenges such as difficulty in recruiting qualified representatives, retaining agent mindshare and aggressive competition for talent in the insurance market, insurance organizations of all types must turn their attention to establishing better processes and controls on the management of their sales channel.
Is it time for insurers to consider innovative plans to cover fatal vehicular tragedies during certain days of the year? As I scanned through this article on Forbes.com about the most dangerous holidays for drivers, I immediately began to consider the insurance implications.
Compensation difficulties are evident across insurance segments. Many health carriers are suffering due to compensation calculation systems based solely on paying commissions as a percentage of premiums. Many life insurance carriers struggle to motivate agents due to a method of paying a single commission for a single policy, missing opportunities for bonuses based on retention.
Immediately after returning from AHIP, VUE Software attended the Insurance Accounting & Systems Association, Incorporated (IASA)’s* 81st Annual Educational Conference and Business show at Orlando, FL. Along with attending the conference, VUE Software has also become a member of the IASA, furthering the company’s dedication to partnerships with leaders dedicated to advancing the insurance industry.
A growing number of insurance companies are coming up with unique and innovative ideas to promote their brand. This novel idea implemented by Aviva USA, a Des Moines, Iowa-based life and annuity insurer, is a stellar example.
As a part of its annual program, America’s Health Insurance Plans (AHIP)* will present this year’s health care conference, “Institute 2009”, from June 3-5 in San Diego. VUE Software is looking forward to participating this year as an attendee.
With the advent of the new generation of Web solution, business is not the same as it used to be. Major industries have closely aligned their processes to technology. Insurance carriers are left with few choices but to embrace these innovations in order to stay relevant, and there is no denying that technology has become an integral aspect of customer satisfaction.