Simsbury, Conn. - The Hartford Financial Services Group Inc. has named Mark Esposito as chief information officer for its individual life division.Esposito, who is also vice president and director of business technology, will lead the division's project management office and technology initiatives. He will be a member of the senior planning group, which helps Executive Vice President Michael Kalen, director of individual life, set direction for the division.
"I am very pleased to have Mark in this critical role for our life insurance business," Kalen says. "Technology is increasingly becoming a differentiating factor in setting life insurance companies apart, especially as The Hartford makes it simpler and easier for financial professionals to work with us, becomes more efficient as a business enterprise, and reduces operating costs."
Kalen saysThe Hartford is adapting innovative technology to provide information about products, planning strategies, price quotes and illustrations, and underwriting and policy issue. The continuing quest for efficiency will mean greater use of electronic devices for communication, including wireless technology to enable financial professionals to remain connected virtually anywhere to access information about contact management, case status, communications with support staff, and other business needs, he said.
"The pace of technological change--and its impact on how life insurers do business--will continue to accelerate in the future," Kalen says. "With Mark's help, The Hartford will keep its foot on the technology accelerator and, ultimately, stay out in front of the competition."
Esposito joins The Hartford after spending more than 20 years with Phoenix Life; most recently as vice president, information technology of the insurer's individual life and annuity business, supporting sales, service and financial systems. During his tenure, Esposito held a variety of technology leadership positions, including retail distribution, and assignments related to outsourcing, block acquisitions, and divestitures. He began his career with Electronic Data Systems and holds a Bachelor of Science degree from Western Connecticut State University.
Source: The Hartford Financial Services Group Inc.
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