Westfield Insurance to Donate Prize Money From Analytics Competition to United
Way of Medina County
WESTFIELD CENTER, OH -- (Marketwired) -- 05/29/13 -- Westfield
Insurance announced today that it will donate $1,000 to United Way to
benefit Medina County children. The money is a result of Westfield
Insurance and IBM's achievement in the INFORMS Innovative
Applications in Analytics competition.
The INFORMS honor recognizes innovative application and integration
of a range of analytics techniques for the purpose of making a
difference in a business organization. It was awarded during the
Conference on Business Analytics & Operations Research, held in San
Antonio, TX, from April 7-9.
"Westfield Insurance believes that supporting education is one of the
ways we are protecting our future by preparing our young people to
succeed," said Westfield Group analytics leader Elizabeth Riczko. "We
are pleased to use this prize money to support and encourage another
generation of young mathematicians and analysts."
The award recognizes the combined work of Westfield Insurance and IBM
for their entry "Insurance Agency Productivity and Prospecting."
Their paper addressed how data envelopment analysis, predictive
analytics, collaborative filtering and reporting were combined into a
single, end-to-end, fact-based decision-making process to
successfully manage relationships with Westfield's independent agency
distribution, such that it is productive and profitable.
About Westfield Insurance
In business for more than 165 years,
Westfield Insurance provides commercial and personal insurance in 21
active states and surety services to customers in 31 states.
Westfield is one of the nation's 50 largest property and casualty
insurance groups, represented by a network of over 1,000 independent
insurance agencies. Westfield Bank provides banking solutions for
businesses and individuals, and Westfield Services provides service
and training support for independent insurance agencies. Learn more
about Westfield Insurance at www.WestfieldInsurance.com.
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800.243.0210, extension 6640
Marketing Communications Leader
800.243.0210, extension 6055
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