Sagicor Life in the Caribbean Selects VUE’s Industry Leading Compensation Platform
Coconut Creek, Florida, 10/10/2016—VUE, the Insurance Distribution Modernization Company, announced a partnership with Sagicor Life a 175-year-old company in the Caribbean, to modernize its Carrier-Producer relationships. VUE Software will implement VUE Distribution Compensation and Performance Analytics with an easy-to-use Self-Service Portal that delivers real-time information to any device, helping everyone grow their business.
The VUE Platform will enable Sagicor to manage multiple commission and incentive programs throughout the Caribbean, in multiple currencies, for multi-products, and multi-distribution systems. VUE’s Performance Analytics will provide important business intelligence and enable Sagicor to monitor Key performance indicators (KPIs) throughout its operations.
“We evaluated several vendors that provide compensation and sales performance management solutions in the insurance industry. VUE Software ultimately gave us what we needed. Our objective was to manage multiple compensation plans and payment frequencies, improve field communications, and improve business intelligence to provide decision support. We feel that in VUE Software, we have selected a partner and software platform that meets all of these needs and demonstrates the ability to be highly scalable and configurable for our current and future needs,” said Ron Blitstein, CIO, Sagicor Life Insurance Company.
VUE is a single scalable platform built from the ground up for Insurers, MGAs, FMOs, IMOs, and Insurance Distributors who have outgrown their current tools and require greater automation for producer administration and sales processes. Founded by Computer Solutions & Software International (CSSI) over two decades ago and recently acquired by Vertafore, VUE offers configurable solutions to meet the unique needs of the Life and Annuity, Health, and Property and Casualty markets. The company leads the Distribution-Modernization movement and provides insurance organizations a solid path to revenue growth and competitive advantage, supporting multiple product types, distribution channels, and hierarchy types.
About Sagicor Life Inc.
Sagicor Life Insurance Company (“Sagicor”) is a full-service life insurance company that helps clients make wise financial decisions today, to ensure they’re protected tomorrow. We are licensed in 45 States and the District of Columbia and rated “A-” (Excellent) by A.M. Best Company. With more than $1,193.5m in assets. Sagicor is ranked among the top 142 life companies in the U.S. Sagicor is a wholly-owned subsidiary of Sagicor Financial Corporation, one of the oldest insurance groups in the Americas, with operations in 22 countries mainly in the United States, Latin America, and the Caribbean. Sagicor is committed to offering customers world-class service with integrity and value.