Vymo Earns Advanced Functionality Ranking from Celent for Distribution Management

Vymo, a leading multi-channel distribution management platform powered by AI for the global insurance industry, has achieved a significant milestone by receiving the Advanced Functionality ranking from Celent, a renowned research and consulting firm focused on financial services technology. This recognition comes as part of Celent's latest report titled Insurance Distribution Management Solutions: North America Edition.

The report highlights the increasing sophistication and adoption of distribution management systems in the insurance industry. Factors such as insurance agency consolidation, the proliferation of channels, and a growing demand for data are driving this trend. The report profiles 14 distribution management solutions, including Vymo, and offers insights into their functionality, customer base, technology, implementation, and support. This serves as a preliminary guide for insurance companies in evaluating potential vendors.

Karlyn Carnahan, head of Celent's North American insurance practice, emphasized the significance of Vymo's recognition: “We are pleased to announce that Vymo Distribution Management has earned Celent’s prestigious Advanced Functionality ranking in the category of Compliance in the 2024 Distribution Management SolutionScape. Vymo's compliance solution, powered by AI and Gen AI, not only enhances productivity but also fosters innovation. This recognition underscores Vymo's unwavering dedication to delivering exceptional technology solutions for the insurance industry.”

Eric Bustos, General Manager of Vymo’s U.S. operations, also commented on this achievement. “Our suite of modular applications ensures effective and adaptable solutions to enhance the producer experience at pivotal stages in the producer lifecycle. From agent recruiting and onboarding to activity tracking, training, and sales enablement through intelligent lead management, our technology enhances agent performance. Today, Vymo is honored to be recognized by Celent for our excellence in the producer compliance sector. This recognition marks a significant milestone in our mission to expand our North American presence and provide cutting-edge technology and services to insurance companies and agencies across the region.”

Vymo’s platform is crafted for insurers, MGAs, FMOs, IMOs, and insurance distributors who require greater automation for producer administration and sales processes. The platform features a suite of modular applications, including OnboardIQ and EngageIQ, designed to deliver a superior producer experience through critical steps such as onboarding, compliance, activity tracking, and sales enablement.

Vymo’s recognition by Celent highlights the platform’s role in transforming the insurance industry through innovative technology solutions. This acknowledgment not only elevates Vymo’s standing in the market but also sets a benchmark for excellence in distribution management within the insurance sector.