Novarica presented its second annual Research Council Impact Awards in New York today to honor best practices in insurance industry IT initiatives and strategy. The winners (one each in the categories of Practice, Quick Hit, Expansion and Transformation), were selected by a direct vote of more than 50 insurer CIO and senior IT executive members of the Novarica Insurance Technology Research Council.
PRACTICE CATEGORY: Great American
Great American unleashed employees' potential for innovation through gathering small teams from across the insurer’s IT staff. Each team works for six weeks to solve a business problem using technology. To date, approximately seven teams have cycled through the process.
For more information on the winning project, click here.
QUICK HIT: PURE Insurance
In order to drastically cut quoting time and improve cross-selling opportunities, PURE brought in fresh data and simplified the quoting process with auto prefill. For more information on the winning project, click here.
EXPANSION: Nevada General
Nevada General enabled agent and direct-to-consumer sales by integrating a vendor-packaged application with its policy admin, resulting in reducing vendor coding and maintenance costs. For more information on the winning project, click here.
TRANSFORMATION: XL Group.
XL Group improved underwriter productivity by 40 percent by rolling out a new platform that enables improved collaboration, integration and data capturing is yielding impressive results after initial implementation. For more information on the winning project, click here.
To find out more about these four and the other seven nominees, click here.
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