COUNTRY Financial Wins Novarica Impact Award for Core Systems
Jury of Insurer CIOs selects company as a winner in the 6th Annual Novarica Research Council Impact Awards
COUNTRY Financial completed an 18-month project to automate its underwriting process for term and whole life applications. The new process has enabled the approval of 85% of applications received, with an average response time of 2.5 minutes from application submission.
“We are honored to be recognized by Novarica for our Simplified Underwriting project. The new underwriting process has reduced approval time from days to minutes for eligible applications,” said
“COUNTRY Financial’s initiative was selected by the committee for its effective use of technology and real-world business impact,” said
The case study, along with case studies of seven other winners, and more than 20 additional cases considered for Impact Awards, was published today in Novarica’s 6th Annual Best Practices Case Study Compendium, online at https://novarica.com/compendium2017/. Novarica has published more than 175 case studies through this program since 2012.
About the Novarica Impact Awards
The Council is managed by Novarica, a research and advisory firm that helps more than 90 insurers make better decisions about technology projects and strategy through published research, advisory services, and consulting on vendor selection, benchmarking, project assurance, capability and organizational assessments, and IT strategy. https://novarica.com/
View source version on businesswire.com: http://www.businesswire.com/news/home/20170621006262/en/
Novarica
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Source: Novarica
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