In the 2011 Vanguards in Insurance Practices (VIP) ranking, insurers were asked to name the technology firms that represent the “best of the best” in terms of the value they deliver. Insurance carriers in the United States and Canada ranked the top insurance technology providers across several categories, including vertical and horizontal solutions, platform technologies and IT services.
In partnership with INN, Celent, an independent business research and advisory service with a specialization in insurance technology, led the survey development, data collection and analysis for the rankings. The result is an insightful ranking based on objective peer review.
“The VIP program is an excellent feedback loop for insurers as they consider who to partner with, and where to spend their IT budgets,” said Craig Weber, SVP responsible for Celent's insurance practice. “There are many paths to achieving ‘favorite vendor’ status, but the unifying thread is that recipients of VIP recognition are effectively solving problems for their customers.”
The complete ranking and related analysis will be available in the “2011 Vanguards in Insurance Practices,” a supplement to the June 2011 issue of Insurance Networking News.
The top-ranked solution providers in Phase I of the INN 2011 VIP Awards are:
Insurance Vertical Solutions
1st
Insurance Horizontal Solutions
1st
Phase II of the INN 2011 VIP Awards program recognizes an insurer’s best practice for its use of a specific technology, and the role, if feasible, ACORD data standards played as part of their business and technology success story.
The winners of the INN 2011 VIP Best Practices Awards are:
First Place:
Second Place:
Third Place:
Third Place:
Honorable Mention:
The
The INN 2011 VIP Best Practices Award winners were formally recognized by Lloyd Chumbley, VP of standards, ACORD, at the VIP awards ceremony.
“This award embodies a philosophy of efficiency and the important role standards implementations play in improving businesses,” Chumbley said. "These insurers represent the ‘best of the best’ as chosen by a body of seasoned insurance industry professionals and ACORD congratulates them all on their accomplishments."
In a special segment of the INN 2011 VIP Awards program,
“These rankings reflect useful intelligence on proven technology and how it’s used,” said Holli Gronset, INN’s publisher. "Our research results also answer the 'why' behind the ranking, which can be used by insurance technology buyers for future IT budget setting."
