This carrier is the number one personal lines residential writer in Florida with more than $2 billion in premium writings last year. They are considered a not-for-profit alternative insurer, whose public purpose is to provide insurance to property owners who cannot find coverage in the private insurance market. In December, the carrier made the decision to purchase VUE’s distribution management tools as part of their administration changes.
“This is a great win for us and we are grateful to this carrier for giving us an opportunity to earn their business,” said Vice President of Sales at VUE Software, Eric Bustos. “We are honored to be selected and are looking forward to providing our distribution modernization offerings to our fellow Florida-based company.”
The insurance industry today faces more opportunities to modernize and is forcing companies to re-examine their legacy practices and implement systems that achieve greater levels of performance, operational efficiency and revenue growth. As insurance companies make an effort to streamline their technologies, VUE’s distribution modernization offerings present a great opportunity for organizations to capitalize on solid growth in revenue by achieving operational efficiency through process automation.
An improved agent experience is one of the many ways insurers can modernize. VUE Software’s straight through onboarding capabilities include automated appointments with fee processing via credit card. Once onboarding is complete, the online agent portal gives agents continuous access to commission statements, transaction notifications, forms, change requests, new incentive programs and license and appointment renewals. Agents can readily locate real-time information and send communications to the carrier at any time.
“With these distribution modernization tools, the carrier will be able to drastically reduce the amount of time they spend on processes that are currently being handled manually, ultimately making it easier for agents to do business with the carrier,” Bustos said. “And that’s what is paramount.”
VUE Software is a leading provider of insurance distribution management, incentive compensation, and sales performance software solutions. Backed by over 23 years of insurance experience, VUE Software solutions are built for the insurance industry to meet the unique needs of the life, health, property and casualty, distribution and non-carrier verticals. VUE Software is a doing-business-as (DBA) name of Computer Solutions and Software International, LLC (CSSI). For more information about VUE Software, please call 1.877.488.3763