New Reports on Distribution and Commissions Management Provide Insurers with Insights on Vendors

 
BOSTON - April 7, 2015 - PRLog -- Insurance distribution is changing rapidly – not just because of new market entrants, but also because of rapid evolutions and changing needs in the hyper-competitive agent/broker marketplace. Many insurers find that their distribution and commissions management (DCM) systems are not up to the job of keeping pace with these changes. Novarica, a research and advisory firm focused on insurance technology strategy, today announced it has released two new reports on market trends and vendors in this key area.

Novarica Market Navigator: US Property/Casualty and Life/Health/Annuity Distribution/Commissions Management Systems is 85 pages long and includes similar detailed profiles of solutions from Aurea Insurance Solutions, CallidusCloud, CSC, FAST, IBM, Majesco, Oracle, Outline Systems, SAP, StoneRiver, Vertafore, and VUE Software. The report is available to Novarica clients and for purchase online at: http://novarica.com/nmn_dist15q1/

Novarica Business & Technology Trends: Distribution and Commissions Management provides an overview of DCM business and technology issues, data about the marketplace and 16 examples of recent technology investments in DCM issues. The report is available to Novarica clients and for purchase online at: http://novarica.com/business-and-technology-trends-distri...

DCM, although not as competitive as other categories within the insurance market, faces many of the same pressures and transitions. Novarica’s new DCM reports are designed to get insurers up to speed on business and technology trends, as well as the latest vendor solutions to help them move forward with their DCM initiatives.

Insurers rely on DCM for:

Consistency in assuring licensing and appointment compliance can help avoid market conduct fines.

  *Improving processing of commissions and incentive programs to motivate         producers to place more business with a carrier.

  *Self-service capabilities to meet the demands of agency principals.

  *Modeling and analytical tools to make it easy for marketing executives to      keep on top of how well a particular channel is performing.

For more information about these reports, please contact Paul Ptashnick at pptashnick@novarica.com or 617.342.8114.

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Tags:Insurance Technology, Insurance Trends, Property Casualty, Novarica, Insurance Distribution
Industry:Financial, Insurance
Location:Boston - Massachusetts - United States
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