(Marina Bay Sands resort in Singapore, home of Aviva Financial Advisers. Photo by Erwin Soo.)
Aviva Financial Advisers, a newly launched Singapore-based subsidiary of global insurer Aviva (London), has selected VUE Software for its VUE Distribution Compensation module, marking VUE Software’s entry into the Asia-Pacific region.
Aviva Financial Advisers will use VUE’s Distribution Compensation module to automate payments for its advisers with a view toward increasing the firm’s efficiency and accuracy. Through VUE’s producer self-service portal, individual financial-adviser representatives can also easily access and manage their income details online, according to a vendor statement.
“We are the Insurance Distribution Modernization Company with over 24 years of experience helping our insurance clients automate processes to modernize,” comments Stephen Bruno, President and CEO, VUE Software. “As the market leader in insurance-distribution platforms in the USA, it is a natural progression that our next step is to expand into other markets. We are pleased to enter the Asia-Pacific region, and partner with Aviva, a leader in Insurance. We are confident that our flexible solutions will meet and exceed our clients’ needs in this region.”
Aviva provides life insurance, general insurance, health insurance and asset management to 33 million customers, across 16 markets worldwide. The company characterizes itself as the leading insurer in the U.K., serving one in every four households, as well as having strong businesses in selected markets in Europe, Asia and Canada. Aviva’s asset management business, Aviva Investors, provides asset management services to both Aviva and external clients, and currently manages over £289 billion in assets.