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 compensation management (DCM) systems are not up to the job of keeping pace with these changes.
Recently Novarica released two new DCM reports designed to get insurers up to speed on market trends and vendors in this key area:
Novarica Market Navigator: US Property/Casualty and Life/Health/Annuity Distribution/Compensation 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 Compensation Management provides an overview of DCM business and technology issues, data about the marketplace and 16 examples of recent technology investments in DCM. The report is available to Novarica clients and for purchase online at: http://novarica.com/business-and-technology-trends-distribution-and-compensation-management/
DCM, although not as competitive as other categories within the insurance market, faces many of the same pressures and transitions. These reports are a great first step to help your organization move forward with its DCM initiatives.
This blog entry has been reprinted with permission.
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