Majesco TL
Follow Us
ITA MEMBERSHIP

IT LEADERSHIP

IT LEADERSHIP

Celent Presents Model Insurer Awards to 15 Carriers

Staff Writer | March 26, 2015

Celent announces its Model Insurer Award winners for 2015 at its annual Innovation & Insight Day at Carnegie Hall. The awards, now in its ninth year, celebrated 15 examples of effective technology usage in insurance.

The vision for Celent's Model Insurer Awards is to spotlight best practices in the use of technology in insurance in areas such as policy administration, IT management, claims, and distribution. Nominations were accepted throughout the fall of 2014, and the Celent insurance team selected the winners based on the best practices used and business benefits provided.

LV= was honored as the overall Model Insurer of the Year, with 14 other insurers being recognized as Model Insurers in five categories, some with an overall category winner.

2015 Model Insurer winners:

  • Data Mastery & Analytics: Celina Insurance Group, Farm Bureau Financial Services, Markerstudy Limited (category winner)
  • Digital & Omnichannel: ICICI Prudential Life Insurance Co. Ltd, Security First Insurance Company (category winner), Società Cattolica di Assicurazioni
  • Innovation and Emerging Technology: Achmea Australia, American Family Insurance, Citizens Property Insurance Corporation (category winner)
  • Legacy & Ecosystem Transformation: Pennsylvania and Indiana Lumbermens Mutual Insurance Company (category winner), MetLife, Virginia Farm Bureau Mutual Insurance
  • Operational Excellence in IT Management: Hiscox Ltd.
  • Operational Excellence in Non-Core System Implementation: Aegon Netherlands

"Celent evaluated insurance technology initiatives according to five major themes being seen and researched today," says Karen Monks, an analyst with Celent's Insurance practice. "Insurers are investing in technology that meets their digital agendas, expands their use of data, and modernizes their back office. Additionally, Celent sees several insurers embracing innovation and forsaking established practices to pursue new ideas."


Featured articles

Hyland RHS 9 7 2018

Hyland MR 12 17 2018

ELECTRONIC CHAT

The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.

ITA LIVE 2019

The tide is up! It's time to register for ITA LIVE 2019, our annual educational and networking conference! Our theme is "The InsurTech Revolution: Cutting Through the Hype." and we'll be bringing in a torrent of industry thought leaders, amazing insight and wonderful perspectives on the world of insurtech and its impact on the insurance landscape.

ITA LIVE 2019 will present real-life examples of true startup technologies that are helping insurers gain real advantage -- and a competitive edge -- in the marketplace. We’ll highlight the more successful InsurTech partnerships, while offering case studies that demonstrate exciting innovation and cutting-edge techniques impacting all aspects of the insurance ecosystem.

Ride the wave to LIVE 2019. Sign up today! We look forward to seeing you in May, 2019!

BLOGS AND COLUMNS

only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News