In 2013, VUE Software released a White Paper called Distribution Modernization, which has taken root to become the guiding theme throughout the insurance industry. Distribution Modernization challenged the status quo and made a compelling case for the broad insurance industry—Life & Annuities, Property & Casualty, and Health—to make distribution the first link in their value chain rather than an afterthought.
Over the last four years, with increased understanding of the importance of distribution to achieve growth, the overall insurance industry has slowly taken a new look at distribution management. In that look, the industry is getting a better understanding of how distribution matches in importance with the two main pillars of insurance technology: policy-administration technology and claims technology. Generally speaking, all other applications are peripheral systems that may be mission critical but are not as vital.