Milford, Ohio - May 24, 2012 – NxTech, Inc., a market leader in P&C insurance agency-company interface solutions, today announced that it has won the 2012 RAVE Award in the category of Agency Connectivity for the third consecutive year. The Total Interface Solution™, powered by NxTech’s award-winning ConneXt software suite and services, enables solutions for real time inquiry, round trip rating and bridging, ACORD standard download and portal development.
The Insurance IT RAVE awards are co-sponsored by insurance industry analyst firm, Novarica, and Tech Decisions, and are based on scores received in Novarica’s ACE Rankings. The RAVE Awards were designed to recognize those solutions that are delivering exemplary value to their customers as measured by those customers themselves. Customers rating NxTech ranged in size from large to mid-size to small P&C insurers writing personal, commercial and specialty lines.
"The RAVE awards bring attention to solutions, such as NxTech’s, with extremely satisfied customers based on the business value they have realized within their companies," said Jim Daggett, publisher of Tech Decisions. “NxTech demonstrates a commitment to best-in-class agency-carrier-MGA interface solutions and focus on their customers’ objectives. As noted by one customer, NxTech ‘wants to provide a valuable service and develop a strong partnership.’”
“NxTech’s receipt of the RAVE award reflects their clients’ appreciation for the company’s expertise and the solutions they deliver. They received exceptional ratings from their customer base, with an overall ACE ranking of 99 and scores of 100 in four of five categories: overall satisfaction, functionality, staff, and technology,” said Matthew Josefowicz, partner and managing director of Novarica, and lead researcher for the Novarica ACE Rankings.” “To have earned such high marks from our customers for a third straight year is an honor.” Thad Bauer, president at NxTech commented, “The fact that the award is the direct result of our customers’ satisfaction with the results they have experienced and how our entire staff works with them makes being named the winner very gratifying. NxTech will continue to innovate for our customers and lead change for how agents and carriers work together in the future.”
About NxTech, Incorporated
NxTech, headquartered in Milford, Ohio is a leading provider of P&C interface solutions that help insurers and MGAs enable growth and customer retention through automated workflows with their distribution channel(s) that drive down cost and provide ease of doing business. The Total Interface Solution™, powered by NxTech's award-winning ConneXt software and services, enables Real Time Rating & Bridging, Download and Agent Portal Development – all based on ACORD standards. For information about NxTech’s products and services, email NxTech@NxTechCorp.com or visit our website at www.NxTechCorp.com.
Novarica provides information, insights, and perspective on markets, operations, and technology to financial services and insurance executives and project teams. The company delivers its service through published research, retained advisory services, and project-based consulting. Novarica’s research includes market and trend analyses, best practices research, case studies, and independent analyses of insurance software vendors. Novarica draws its knowledge from the personal experience of its principals, the ongoing information gathering initiatives of dedicated research staff, and regular communication with insurer executives through informal networks and through the Novarica Insurance Technology Research Council. More information is available online at www.novarica.com.
About Tech Decisions
Tech Decisions, published by Summit Business Media, guides top-level insurance technology and business professionals in managing their companies' systems on a day-to-day basis and informs their decision-making for the future. Tech Decisions helps readers leverage time-tested as well as leading-edge technology products, systems, and strategies -- and in making the best decisions to fulfill the business and profitability needs of today's insurance and financial services marketplace. For more information, please visit www.tech-decisions.com.
Rex Fledderjohn, CPCU
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