Novarica presented its first 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 the 300+ insurer CIO and senior IT executive members of the Novarica Insurance Technology Research Council.
PRACTICE CATEGORY: Allstate Financial
Allstate Financial established an enterprisewide test environment that uses one algorithm to scrub data across applications. Read the full case study HERE.
QUICK HIT: Great American
Leveraging Agile development, Great American Insurance Group overcame cultural and technical challenges to roll out self-service apps in less than five months. Read the full case study HERE.
EXPANSION: Cincinnati Financial
Cincinnati Financial transformed independent agents’ process business using ACORD XML standards and real time from agency systems. Read the full case study HERE.
TRANSFORMATION: American Safety Insurance and Capitol Insurance Companies (tie)
American Safety Insurance unified several legacy systems to enjoy large gains in operational efficiency. Read the full case study HERE.
Capitol Insurance Companies enabled 24-hour access to business tools for agents and consolidated its surety business in the process. Read the full case study HERE.
These five and the other eight nominees were were selected by a committee from a collection of case studies drafted by Novarica from submissions by insurers. The nominating committee included CIOs Andy Wood (Wilton Re), Dan Simpson (Trustmark), Eric Bulis (SBLI USA), Larry Fortin (Millers Mutual Group), Mark Berthiaume (Chubb), Pete Moreau (Amica), Piyush Singh (Great American Insurance Company), Reuben Broadfoot (LifeMap), Sal Abano (Tower Insurance), Stuart Tainsky (PURE), and Tim Billow (ING).
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