Excentive Included in Analyst Firms Report on Insurance Incentive Compensation Management
Summary
Gartner predicts that ICM will continue to be a strong area of interest for insurers.” The overall market segment rating was a “Strong Positive”, based on Gartner’s assessment regarding number of new deals, new entrants in the market, innovation, rich functionality, flexibility and configurability available in the new solutions, increasing regulation, and overall positive insurance customer satisfaction.“Gartner’s research reinforces what we’ve seen amongst our own insurance customers,” says Jeff Yoder, VP of Marketing for Excentive North America, “which is that they want to be able to change commission plans easily and quickly, improve accuracy and more effectively control the performance of their producers.With offices around the world, Excentive delivers a high ROI in a very short timeframe by enabling organizations to align variable compensation plans with strategic goals and rapidly deploy new sales and distribution strategies.For more information contact: North America: Jeff Yoder, Excentive, tel +1 203-820-1032, jeff.yoder@excentive.com Europe: Corine Barbazanges, Excentive, tel + 33 (0)1 74 71 42 28, corine.barbazanges@excentive.com International: Fabio Ronga, Excentive International, tel + 41 26 504 2512, fabio.ronga@excentive.com Deerfield, IL, January 14, 2011 --( PR.com )-- Excentive, a leading global provider of incentive compensation management (ICM) and employee performance management (EPM) solutions, today announced that it received a “Promising” rating in Gartner’s recent research report entitled “MarketScope for Insurance Incentive Compensation Management Applications,” published on December 11, 2010 by Gartner Research Vice President Steven Leigh.Leigh notes that the strong growth in purchases of ICM applications by insurance companies “reflects a desire on the part of insurers to address the inaccuracies and inefficiencies many insurers have continued to overcome.Gartner predicts that ICM will continue to be a strong area of interest for insurers.” The overall market segment rating was a “Strong Positive”, based on Gartner’s assessment regarding number of new deals, new entrants in the market, innovation, rich functionality, flexibility and configurability available in the new solutions, increasing regulation, and overall positive insurance customer satisfaction.