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Mergers and acquisition: an emerging trend in the technology industry

The Vue team went to the IASA 2019 annual conference expecting to stand out due to their recent acquisition but found several other companies in the same position. There were some significant acquisitions in the technology vendor industry in 2018 and this trend appears to be continuing in 2019.

How blockchain boosts risk assessment in P&C

June 5, 2019 | Written by John Sarich While until now, blockchain has largely been synonomous with bitcoin, it is In reality far more than a platform for cryptocurrency, blockchain is a technological system that allows people and organizations to store, organize, and selectively share data across a digital spreadsheet—also called distributed ledger technology, or DLT.... Read more »

Make a Hole in 1 and Win with Vue @ IASA 2019

Heading for Phoenix, the always informative and interesting IASA Annual Conference. Attending the 2019 IASA conference will be very different from any that we’ve attended in the past as now we’re attending as a part of Vertafore. There are literally hundreds of people attending conference who will be interested in the “whys and wherefores” for combining Vertafore and VUE Software.

Complex Software Implementations Can Take A Village—Here’s Why

May 28, 2019 | Written by Phillips Brown Successful initiatives are very much about the partnerships that form coalesce between vendors, consultants, systems integrators and, of course, the ultimate end-user, the client. So, you’ve selected the new “Wonder System.” Congratulations! It is a big decision, and one you’ll probably need to live with for at... Read more »

Omni-Channel Communication and AI for Insurance

In todays more technically advanced organizations, an omni-channel experience supported by artificial intelligence is offered. The major targets for this technology are banks and insurance companies. The first line of modern interaction is the chat-bot which are designed to answer a particular stream of questions related to a specific area and can have a certain level of “artificial intelligence.”

Group benefits billing: An overlooked opportunity to gain efficiencies

May 15, 2019 | Written by Steven Bones In this article I’d like to discuss how and why billing — and in particular, group billing — is an overlooked opportunity for creating efficiencies at carriers. I have to start by asking: What’s so difficult about group billing? That’s a big question. In this article I’d... Read more »

Millennials Working In Insurance? It’s Not As Crazy As It Sounds.

May 9, 2019 | Written by John Sarich Numerous industries have been grappling with the fact that the millennial generation, with over 75 million people, is now the largest demographic component of the U.S. population. Much has been written about millennials and insurance: how they need to be educated about insurance, that they demand a frictionless experience... Read more »

Distracted Driving: Can Insurers Stop This American Addiction?

Distracted driving endangers the life of the driver and others. Texting while driving, talking on a cell phone, using a navigation system—especially looking on a map on your phone—and eating while driving are a few examples of distracted driving.

Passing the Torch: Who Will Teach Insurance to the Next Generation?

Today’s training regime for most insurance companies is to provide training on the specific job you have and ignores the larger context of how insurance companies operate. Insurance training has gone from maximalist to minimalist and that is a major problem. Now with the lack of training at the carrier level, the agency is left with hiring people off the street and that isn’t good for anyone in the insurance value-chain.

Is Cannabis the Insurance Industry’s Newest Headache or Opportunity?

The insurance industry is concerned about the legality of insuring a product (medical cannabis) that is Illegal per federal law and has not been approved by the Federal Drug Administration. Apart from Federal law, banking regulations and risks associated with farming—like fires, flooding, and insect infestation—these are the main challenges for Life and P&C carriers and actuaries. Regardless of the challenges, carriers are preparing for the day when federal laws change and remove the legal barriers and reputational risks of providing insurance coverage for the cannabis industry.