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
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
EXPANSION: Cincinnati Financial
Cincinnati Financial transformed independent agents’ process business using ACORD XML standards and real time from agency systems. Read the
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
Capitol Insurance Companies enabled 24-hour access to business tools for agents and consolidated its surety business in the process. Read the
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