AIG, Erie, Great American, PURE, RLI, XL and Others Nominated for 2013 Novarica Research Council Awards for IT Initiatives that Delivered Business Impact Business Wire 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 www.novarica.com/compendium2013 “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 www.novarica.com/impact2013 The nominees for each category are: Practice *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 solutions. Quick Hit *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 intervention. *RLI Insurance Company added the ability to analyze consolidated books of business and risk separation using geophysical parameters combined with other policy attributes. Transformation *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. Expansion *XL Group developed an underwriting platform for underwriters to collaborate, access external data, and integrate with policy processing systems. *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 administration. About Novarica 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. Contact: For Novarica Rachel Tashjian, 212-419-2508 email@example.com
AIG, Erie, Great American, PURE, RLI, XL and Others Nominated for 2013 Novarica Research Council Awards for IT Initiatives that
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