More than 30 Insurer IT Initiatives in Data, Digital, Core Systems, and IT Best Practices Qualify for Novarica Impact Awards

Annual case study compendium provides insights into impactful IT projects by insurers

BOSTON--(BUSINESS WIRE)-- While insurer IT executives keep one eye on the future, they are still judged primarily by how they create business value in the present. The 5^th Annual Novarica Research Council Impact Awards recognize insurer CIO’s impactful initiatives with the industry’s only purely peer-reviewed awards program.

More than 30 case studies qualify for this year’s awards, which will be selected by votes from the nearly 400 insurer IT executive members of the Novarica Insurance Technology Research Council. Voting is open until September 15, 2016, and winners in each category will be announced this fall. These case studies appear in the 5^th annual edition of Novarica’s Best Practices Case Studies Compendium, available to Council members at http://novarica.com/compendium2016. Qualified insurer executives who are not current Council members may request membership and access to the report at http://novarica.com/council/.

“Since 2012, Novarica has published more than 150 case studies of insurer IT initiatives that deliver business impact,” said Matthew Josefowicz, president and CEO of Novarica. “These cases provide insights into how insurers are using technology to drive business value today, not in the distant future.”

Previous winners of Novarica Impact Awards include Ameritas, Brickstreet Mutual, Great American, ICW, PURE Insurance, XL Catlin, and others. Initiatives that are eligible for the 2016 awards include:

Large Company Core Initiatives

• AFLAC: Enabling one-Day Health Claims Payments
• AIG Canada: A&H Legacy Transformation
• CSAA: Core Systems replacement
• MetLife: Global Investments Accounting System
• Tokio Marine HCC: Core Systems Consolidation

Midsize/Small Company Core Initiatives

• American Farmers: Cloud Core Systems Conversion
• Farm Bureau of Michigan: Core Suite Conversion
• Figo Pet Insurance: Start-Up Core Systems
• GuideOne: Core Systems Replacement
• Heritage: Hosted Core Systems Deployment
• Legal and General: Rapid Product Launch
• Michigan Millers: Forms Creation
• Trustmark: Product Launch on Hybrid Platform

Large Company Data Initiatives

• MetLife: Global Reference and Market Data Hub
• MetLife: Investment Analytics and Operations
• Tokio Marine HCC: Weather Data Integration

Midsize/Small Company Data Initiatives

• Amerisure: Self-Service Analytics
• Farm Bureau Financial Services: Enterprise Data
• Fidelity & Guaranty: Enterprise Data Hub
• Glatfelter: Self-Service Business Intelligence
• Merchants Mutual: Enterprise Data Repository
• Trustmark: Enterprise Operational Analytics

Large Company Digital Initiatives

• Answer Financial: Telematics Driver Safety
• Everest Insurance: Broker Portal
• Great American: Digital Agent Service
• The Hartford: Group Benefits Digital and Mobile
• Unum: Digital/Mobile Claims Self-Service

Midsize/Small Company Digital Initiatives

• Eastern Alliance: ACORD Data Transformation
• Florida Pennisula: Online Homeowner Quotes
• Frank Winston: Agent Portal
• Homesite: Self-Service for Claimants and Partners
• NORCAL Mutual: Mobile Medical Education

IT Practice Initiatives

• Glatfelter: Security Awareness Program
• Prudential: Tech Business Management Office
• The Hartford: Infrastructure Optimization
• Unum: Agile

The report is available to insurer CIOs and other qualified senior insurer IT executive members of the Novarica Research Council at http://novarica.com/compendium2016.

Desk copies of the report are available to qualified media. Please contact [email protected] or call Stephanie Dalwin at 617-342-8100 for more information.

About Novarica
Novarica helps more than 80 insurers make better decisions about technology projects and strategy through retained advisory services, published research, and strategy consulting. Its clients include more than 80 property/casualty and life/annuity insurers. Its knowledge base covers trends, benchmarks, best practices, case studies, and vendor solutions. Leveraging the expertise of its senior team and of nearly 400 CIO Research Council members, Novarica provides clients with the ability to make faster, better, more informed decisions. Its consulting services focus on vendor selection, custom benchmarking, project checkpoints, and IT strategy. More information at www.novarica.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160523005818/en/

Novarica

Stephanie Dalwin, 617-342-8100

[email protected]

Source: Novarica