Chicago — Insurance Networking News magazine released the results of its 2008 INNovators Award, a special designation intended to advance the spread of business technology acumen in the insurance industry.
Nominees for the second annual INNovators program included insurance carriers, agencies and brokerages. The 2008 winners were determined to have led or contributed to a business application innovation or project anywhere in the insurance industry supply chain that uses technology to successfully drive business impact, technical impact or the innovation itself.
"From an editorial perspective, it's inspiring to see the depth and breadth of dynamic and versatile technology innovations that serve as critical engines moving our industry forward," said Pat Speer, editor-in-chief of Insurance Networking News.
Winners were determined by a panel of judges representing several insurance stakeholder communities, including industry analysts/consultants such as Matthew Josefowicz from New York-based Novarica, Mark Gorman from Mark B. Gorman & Assoc., Minneapolis, INN's editors and members of the prestigious INN Board of Advisers.
The following companies are recognized as 2008 INNovators:
Pinnacle Life, New Zealand
Online direct-to-consumer sales
(Nominated by Pinnacle Life)
Allied North America, Jericho, N.Y.
Online collaboration implementation
(Nominated by Allied North America)
Harleysville Insurance, Harleysville, Pa.
Predictive analytics/underwriting solution
(Nominated by Harleysville Insurance)
"We were pleased to see the number of technology innovations that support collaboration, as well as those that are dedicated to increasing their organization's awareness and acceptance--both on the business and IT side--of emerging technologies that impact the entire insurance value chain," said Speer. "Congratulations to our INNovators."
Holli Gronset, Insurance Networking News' associate publisher, remarked, "These winners did not accomplish their INNovations in a vacuum. Many are dependent on technology solutions and consulting services to achieve their goals, and those technology providers played a key role in fostering their successes. Insurance Networking News would like to congratulate the following TOP 20 select number of nominees, whose "innovation" deserves special recognition."
Nominee Nominated By Innovation
Accident Compensation Corp. FINEOS Claims Center Solution
AIG SAP Solution Center Implementation
Allianz Life TrinTech Transaction Reconciliation
Allied N.A. Insurance Brokerage Allied North America Online Collaboration Implementation
AON Accenture/Salesforce.com Sales Management Implementation
Bennion Taylor AMS Services Agency Management System
Cincinnati Insurance Co. SAP Claims System Solution
Darwin Professional Underwriters OneShield Policy Processing/Underwriting Platform
Esurance Tealeaf Customer Experience Technology
Geico AT&T Contact Center Solution
Harleysville Insurance Harleysville Insurance Predictive Analytics/Underwriting
The Hartford Bottomline Technologies Legal E-Billing Solution
Infinity P&C Insurance Co. SPSS Predictive Analytics/Claims
MarineBid Exchange Nationwide Online Auction/Claims
Mass Mutual Financial Group SAP Distribution Mgt./Compensation Solution
Metropolitan P&C Insurance Co. CSC Integrated Litigation System
Texas Health & Life (Agent) Texas Health & Life Norvax Online Quote/Sales Automation
Pinnacle Life Pinnacle Life Online Direct to Consumer Sales
Southern Risk LLC Pagos Spreadsheet-Based Rating System
Transamerica Reinsurance MajescoMastek Mortality Management System
The 2008 INNovators program was designed as an educational vehicle and, as such, Insurance Networking News will publish the winners' stories as a special supplement that mails with its October issue.
Source: Insurance Networking News
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