Property & Casualty Insurers: Technology to Navigate Today’s Changing Ecosystem
In the past decade, property and casualty (P&C) insurance has been the segment most affected by technology. The speed at which technology is developing and the proliferation of Internet applications, mobile devices, and cloud computing has significantly changed the distribution and sales of insurance premiums. To continue to grow, maintain operational efficiency, and maintain a mutually beneficial relationship with independent distributors, P&C companies must adapt and evolve continuously. The disruptions in the industry over the past few year from companies like Google, insurance aggregators, and most recently, insuretech startups like Lemonade, makes it clear that adopting digital technology is not an option but a necessity.
For insurance companies that are still using legacy systems or a hodge-podge of disparate systems, considering a partnership with an experienced technology provider to innovate, offers a relatively painless transition. VUE Software offers Modules and insurance experts who can automate your system with a single insurance platform in less time than the industry average. VUE Software’s solutions are designed to help insurance organizations solve these challenges and meet new market demands by focusing on mobility, configurability, and process automation. With VUE’s passion for insurance technology and extensive insurance-domain knowledge, VUE is dedicated to research and development to ensure their solutions meet and exceed the expectations of clients while “future-proofing” their organization for upcoming trends in the industry.
VUE Software replaces slow error-prone manual processes with fast, efficient, automated processes that yield real-time performance. From onboarding new producers to ensuring compliance, all of VUE Software’s solutions can automate important processes for compensation, and accelerate distribution and sales.
Flexibility & Configurability
VUE Software believes in the power of driving growth strategically, and using technology that helps insurance companies serve their producers while building stronger, more profitable relationships. That is why VUE Software solutions are designed with a high level of flexibility and configurability to fit your organizational structure and business rules. This ensures faster implementations and quicker tangible results.
Mobile-Ready Producer Portal
Although portals are common in the insurance industry, their usefulness is limited by poor design or a lack of understanding of how portals should be used. VUE Software offers a well-designed producer portal with an easy-to-use UI (User Interface) that gives producers access to reports, policies, book-of-business information, commission statements, and more. VUE Software’s portal is accessible across multiple platforms including PCs, tablets, and mobile devices, and is fully configurable with role-based security and transactional self-service convenience.
A Platform for Profitable Growth
Often outdated technology consisting of an assortment of homegrown and legacy applications—along with various disparate databases and manual processes—are at the root of slow organizational growth or responsiveness. VUE Software’s solutions and tools work together to improve operational efficiency, automating and accelerating processes with a SaaS-based solution platform for today’s insurer.
The ability to analyze and visualize performance data promptly and easily can present a monumental advantage to insurers. VUE Software’s Performance Analytics tool can slice and dice data however you want and generate custom reports when needed (without technical knowledge) and present them visually with vivid dashboards for performance reporting and drill-downs.
VUE Software provides technology that does all this and so much more. To prepare your company to navigate today’s constantly changing ecosystem and avoid being adversely affected by disruptors, partner with a technology provider dedicated to the insurance industry.