(Scottsdale, Arizona, home to one of Sagicor’s four U.S.-based regional offices. Photo credit: Joseph Plotz.)
Sagicor Life Insurance Company, a wholly owned subsidiary of Sagicor Financial Corporation (Barbados), has selected VUE Software’s (Coconut Creek, Fla.) Distribution Compensation and Performance Analytics.
The VUE Platform gives the 175-year-old Sagicor the ability to manage multiple commission and incentive programs throughout the Caribbean, in multiple currencies, for multi-products, and multi-distribution systems. VUE’s Performance Analytics will provide the carrier with what the vendor characterizes as important business intelligence, enabling the monitoring of key performance indicators throughout its operations. The platform includes an easy-to-use Self-Service Portal that delivers real-time information to any device, helping agents grow their business, according to the vendor.
Highly Configurable and Scalable
“We evaluated several vendors that provide compensation and sales performance management solutions in the insurance industry,” comments Teri Townsend, VP, Technology, Sagicor Life Insurance Company. “VUE Software ultimately gave us what we needed.”
Sagicor’s objective was to manage multiple compensation plans and payment frequencies, improve field communications, and improve business intelligence to provide decision support, according to Townsend. “We feel that in VUE Software, we have selected a partner and software platform that meets all of these needs and demonstrates the ability to be highly scalable and configurable for our current and future needs,” he adds.