Sagicor Life Selects VUE Software’s Compensation Platform 

The VUE Platform enables the 175-year-old company to manage multiple commission and incentive programs throughout the Caribbean, in multiple currencies, for multi-products, and multi-distribution systems.

(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.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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