The Novarica team gathered earlier this month in New York with all the nominees of the first Novarica Research Council Impact Awards, as well as several members of the nominating committee and the Research Council, to honor the winners and discuss what makes an IT project impactful and successful. With over 50 members of the Novarica Research Council voting on the nominees, the Impact Awards are the largest peer jury-awarded recognition in the industry.
Prior to the presentation of the Awards, insurer CIOs Peter Moreau of Amica and Stuart Tainsky of PURE joined Novarica Principal Rob McIsaac to discuss what stood out about the nominees they selected, and what qualities mark an IT project for success:
Following the panel, we announced the winners in each of the following categories:
- Practice, in which insurers undertook enterprise-wide IT projects;
- Quick Hit, in which insurers executed a short-term, rapid-impact IT project;
- Expansion, in which insurers expanded capabilities of existing systems;
- Transformation, in which insurers undertook long term projects that substantially transformed their organization’s IT capabilitities.
Allstate Financial took home the top prize for Practice, for establishing an enterprise-wide test environment which uses one algorithm to scrub data across applications.
Great American Insurance Group was the winner in the Quick Hit category, for their development of customer mobile apps to deliver self-service functionality.
Cincinnati Insurance Company was the winner in the Expansion category, for transforming how independent agents process business using ACORD XML standards and real time from agency systems.
There were two winners in the Transformation category.
Capitol Insurance replaced multiple legacy surety systems with a single modern platform and enabled online self-service for agents.
American Safety Insurance consolidated all underwriting units across the company into a single system.
In addition to announcing the winners, we also released our Best Practices Case Study Compendium 2012, an 85-page report featuring more than 40 full case studies including the winners and nominees. A free summary of this report is available online by clicking here.