8 insurers with award-winning digital initiatives
Each year, members of Novarica's Insurance Technology Research Council vote on submissions for the insurance tech analyst firm's Impact awards, which recognize how insurers use technology to drive business value in digital, data/analytics, core systems and IT operations. This year, out of 30 nominees, eight carriers emerged as winners in their peers' eyes.
"Insurers are driving real business results from new technologies like drones and machine learning, and architectural approaches like cloud and API," said Matthew Josefowicz, president and CEO of Novarica and moderator of the Council. "But no matter what technology they use, all impactful technology projects share common characteristics: clear articulation of target value and benefits, consistent executive support, effective multi-stakeholder communications during the project, and swift resolution of inevitable challenges."
Following are short descriptions of each carrier's winning initiative, along with a quote from an executive involved with the project. Novarica representatives will distribute awards to each winner in late summer and early fall.