June 28, 2022 – Data initiatives can create value by using analytics to manage risk better, such as through fraud scoring. They can also create value via improved productivity by making analytics and insight available across an organization. They can help insurers sell more by enabling automated decisioning and straight-through processing, by identifying sources of premium leakage, or by anticipating payment lapse or nonrenewal.
Aite-Novarica Group’s Insurance Technology Impact Awards recognize IT initiatives that have created real impact on insurers’ business, premium, and profitability. The 11th annual Insurance Technology Impact Awards program reviewed 65 examples of insurer IT initiatives that delivered real business impact. This volume includes 17 data initiative case studies: Amica Mutual Insurance Company, Berkley Management Protection, Columbia, EMC Insurance Companies, Everest Insurance, Everest Re, Guardian Life, Mosaic Insurance, Penn Mutual, Pennsylvania Lumbermens Mutual, QBE North America, Reliance Standard, RGA, Sammons Financial Group, Sammons Financial Group, State Auto Insurance, and Southern General Insurance. Companion volumes cover core, digital, and IT practice case studies.
This is a 31-page Impact Report. Clients of Aite-Novarica Group’s Life, Annuities, & Benefits or Property & Casualty service can download this report.
This report mentions Amazon Web Services, Archanis, BMC, Centric, Cogitate, Collibra, DataRobot, Dell, Denodo, Dun & Bradstreet, DXC, Elastic, EvolutionIQ, Google, Guidewire, Idera, Informatica, Ipswitch Inc., LexisNexis, London Market Association, MIB, Microsoft, Mulesoft, Perr & Knight, Project Jupyter, PwC, Qualys, Salesforce, SAP, Shift Technology, Snowflake, Sonatype, TAI, and Vertafore.