AIG, Erie, Great American, PURE, RLI, XL and Others Nominated for 2013
Novarica Research Council Awards for IT Initiatives that Delivered Business
NEW YORK -- May 14, 2013
Novarica, a research and advisory services division of Novantas, Inc. that
focuses on markets, operations, and technology for insurers and financial
institutions, announced today their committee of 11 insurer CIOs has selected
the nominees for the second annual Novarica Research Council Impact Awards.
Nominees included AIG, Aegis, Erie Family Life, Great American, Nevada
General, PURE, RLI, and XL. Nominees were selected across four
categories—Practice, Quick Hit, Transformation, and Expansion—with two
nominated in Practice and three each in the other categories.
The nominees were selected from among more than 30 case studies of recent
successful insurance IT practices and projects, which were published today in
the Novarica Insurance IT Case Studies Compendium 2013, available online at
“We congratulate all the nominees on being selected by the committee members,
and we look forward to tallying the votes of the Council Members and
recognizing the winners on August 21 in New York,” said Matthew Josefowicz, a
managing director at Novarica.
The awards honor best practices in insurance industry IT projects and
practices, and is the largest peer-jury awarded recognition in the industry,
with a voting body comprised of the 300+ CIO and senior IT executive members
of the Council who now have until the end of July to cast their votes.
The winners will be announced at an event in NYC on August 21, which will
include panel discussions of insurer CIO members of the committee and the
nominees themselves. More information is available online at
The nominees for each category are:
*Great American Insurance significantly enhanced the IT organization’s
innovation capability, creating a collaborative workplace, cross-team and
paradigm-shifting thought process, and a progressive management process.
*RLI Insurance Company mined business solutions data to improve operational
insight, problem, and performance management for future business
*PURE created a pre-fill capability for auto insurance quoting leveraging
third-party data to streamline the application process and improve
cross-sell with homeowners.
*An Anonymous Insurer’s Data Transaction Manager allows the business team
to transform partner data files to target databases without IT
*RLI Insurance Company added the ability to analyze consolidated books of
business and risk separation using geophysical parameters combined with
other policy attributes.
*Erie Family Life added point-of-sale underwriting to their integrated
online quoting, e-application, and e-submission platform.
*RLI Insurance Company created a cloud-based portal to allow producers to
submit insurance applications, review policy documents, create various
reports, and rate/quote/bind business where authorized.
*Nevada General Insurance Company developed a web-based portal for policy
quoting, issuance, and endorsements.
*XL Group developed an underwriting platform for underwriters to
collaborate, access external data, and integrate with policy processing
*AIG initiated, built, and implemented global Commercial Claims
capabilities for their UK operations in ten months.
*AEGIS Insurance transformed their underwriting function to an automated
system with an all-inclusive platform for underwriting, rating, and policy
Novarica, the research division of Novantas, 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 draws its knowledge from the professional experience of
its principals, the ongoing information gathering initiatives of dedicated
research staff, and regular communication with industry sources through
informal networks and formal Research Councils of hundreds of senior industry
executives. For more information, visit www.novarica.com.
Rachel Tashjian, 212-419-2508
Press spacebar to pause and continue. Press esc to stop.