Distribution

Celent warns of a dramatic shift in the technology that group-enrollment insurers use to gain consumers’ attention and interact with them.

The individual annuity market continues to be hyper-competitive, with technology playing an ever-larger role in insurers’ ability to attract, retain, and profitably serve clients, according to a new market trends report from Novarica, titled “Business and Technology Trends: Individual Annuity.”

Insurer is approved to provide health care coverage to eligible small businesses in all 58 counties in the state.

Insurance aggregation platform looks to Informatica Cloud to accelerate process automation.

Employee benefits mobile platform upgraded to accept vision claims, provide ID card through app.

The shift to digital means carriers must focus on sales and service portals, agency management and compensation systems.

The new version, ForeSight 6.0, is designed to have improved tablet functionality and added customization.

Among life/annuity insurers, distribution is an area increasingly attractive for analytics investments. More than half of life/annuity insurers surveyed by Strategy Meets Action say they're currently investing in analytics technology to supplement distribution.

The shift to digital means carriers must focus on sales and service portals, agency management and compensation systems.

Online distribution isn't just for personal auto anymore. Insurers are now expanding electronic application functionality to small commercial, life and annuity and beyond, leveraging business rules and third-party data to satisfy consumers and agents, expand their reach and shrink sales cycles.