According to Celent Analyst
"By engaging colleagues at all levels across our firm & strengthening our internal & external partnerships, we successfully jumped over many of the barriers that can stand in the way of insurance digital transformation in a matter of nine months," said
DEEP, the underlying business architecture for the firms' Data Strategy, required leading technologies and methodologies. To ensure sustainability, the scale of the program required a redesign of organizational structures, internal operating models, current-to-target state assessment and design, business decision methods, client engagement processes, data governance and cadences, and enterprise-wide key performance indicators and data & analytical capabilities/skills within the firm; to name a few. It has been a holistic, organic, and game-changing endeavor for the firm.
Celent's annual Model Insurer Awards recognize the best practices of technology usage in different areas critical to success in insurance. Nominations are submitted by insurance carriers and undergo a rigorous evaluation process by Celent analysts. Celent judges submissions on three core criteria: demonstrable business benefits of live initiatives; the degree of innovation relative to the industry; and the technology or implementation excellence.