Amerisure Earns Novarica Innovation Award for Third Straight Year

FARMINGTON HILLS, Mich. (PRWEB) July 16, 2021

Amerisure, a leading provider of commercial insurance, earned its third consecutive Novarica Impact Award this month for its AI-enabled predictive modeling platform. Amerisure won its first award in 2019 for its Digital Innovation practice and its second in 2020 for its Agility Practice Group.

Partnering with CLARA Analytics, Amerisure implemented an AI-enabled predictive modeling platform to improve claims severity and outcomes and increase adjuster productivity. Deployed over 11 months, the solution reduced claim duration by 4.4 percent and saved $3.3 M in six months for claim loss and expenses.

"Leveraging data more effectively is a key way insurers can better manage risk and reduce operating costs," says Matthew Josefowicz, President/CEO of Novarica and moderator of the Council.

"Through agile methodology, we're increasingly utilizing a combination of data and new technology to improve upon not only our claims outcomes but also on the service promise Amerisure makes to its agencies and policyholders," said Laurie Pierman, Amerisure's vice president of claims operations. "The company is honored to once again be recognized by the council members and to receive this Impact Award."

Novarica award submissions are judged annually by the Novarica Insurance Technology Research Council, a peer community of hundreds of insurer CIOs. More than 90 CIO council members reviewed more than 60 case studies in three divisions this year, to select winners for the 10th annual awards.

Amerisure will continue its innovation practices to improve outcomes across all levels of the organization. The company remains steadfast in its commitment to providing an unmatched insurance experience.

For more information about the Novarica Impact Awards, and to see a full list of winners, click here.

About Amerisure Insurance
Amerisure is an insurance organization charged with creating exceptional value for its Partners For Success® agencies and policyholders. As an A rated (Excellent) property and casualty insurance company licensed in 50 states, Amerisure provides a comprehensive line of insurance products to protect businesses focused in construction, manufacturing and healthcare through strategically located Core Service Centers. For more information, visit amerisure.com.

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