Property and Casualty Insurers Need to Look Beyond the Policy Admin System for Agent Compensation
Historically, the P&C market has been hesitant to explore new technology options specifically for compensation, since P&C producer commissions tend to be fairly simple and can usually be executed in commission modules in a policy admin system. However, P&C versions of VUE Software solutions deliver exceptional business value:
Reduce efforts and costs around producer licensing verification
Promote growth in new business with better compensation programs
Ensure better accuracy and integrity of agent commission processing
Gain insight with analytics and reporting dashboards for sales KPI’s
Members of VUE Software’s leadership team have extensive experience in P&C. One such example is VUE Software’s P&C practice leader, Scott Shepard , a P&C industry veteran with over 25 years’ experience in the insurance and technology industries. Mr. Shepard has held high ranking IT and management positions with companies such as Ernst & Young, Tillinghast – Towers Perrin, Nationwide Insurance, Liberty Mutual, and Exigen. He is also a CPCU and PMP, and is active with numerous industry organizations. Members like these and others of this stature in the VUE Software team helped architect the P&C versions of VUE Software solutions to be specific to the P&C business ecosystem.
VUE Software is a member of ACORD and we invest in industry associations and events to keep a constant eye on the latest trends and industry standards. We attend conferences like the ACORD/LOMA conference, and the IASA Annual Conference, where we showcase newer versions of our products tailored to P&C insurance.
Additionally, VUE Software has become a client of two industry analysts that focus strongly on P&C insurance. We hope this investment will benefit our clients by having confidence in the strength of their vendor choice and assurance that we are keeping abreast of the industry needs addressed by our solutions.
Questions about VUE Software and P&C insurance? Leave a comment or call us on 1.877.488.3763.