Data Collection Underway for 2010 Vanguards in Insurance Practices
Market Wire, October, 2009
Insurance Networking News
(INN), a SourceMedia publication, and Celent, a division of Oliver Wyman
Inc., announced the 2010 Vanguards in Insurance Practices (VIP) awards,
INN’s fourth annual ranking of technology solution providers to the
insurance industry.
Winners will be chosen based on votes from North American insurance
companies, including property/casualty, life/health, and reinsurance. These
insurers will identify their preferred technology providers in several
revised categories, including vertical solutions (underwriting, policy
administration and claims, etc.), horizontal solutions (business process
management, ERP, billing, etc.); platform technology and IT services. The
2010 VIP program will also reveal specifics on technology and vendor
preference by business unit and functional area.
In Part II of the program, the top-ranked solution providers can nominate
an insurance carrier customer as a “visionary” for its use of a specific
technology, and is encouraged to illustrate the role, if feasible, that
ACORD data standards plays as part of their business and technology success
story.
“As the industry gears up for a healthier economy, the ability to make
smart technology decisions correlates directly with the ability to remain
competitive,” says Craig Weber, senior vice president of Celent’s insurance
practice, “We are certain that the enhancements we’ve made to the 2010 VIP
Program will produce critical and useful insights that can be used to
compete in this new marketplace.”
INN readers, who depend on the publication as the independent authority on
how technology supports insurers’ business strategies, will benefit also,
says Pat Speer, INN’s editor-in-chief. “As the exclusive provider of an
ACORD standards best-practice ranking, INN delivers standards-based insight
that will breed further success within the industry at large.”
With senior-level analysts in the United States, Asia and Europe, Celent’s
breadth and depth of insurance technology experience dates back to 2001.
Celent is the only analyst firm to publish comprehensive reports on
insurance software sales volumes and in-depth rankings of vendor software.
Celent publishes its popular Annual CIO Survey and Model Carrier report,
making the firm uniquely positioned to understand the buyer’s side of the
industry’s highly competitive landscape.
Insurers can participate in the survey by going to:
www.insurancenetworking.com/vanguards
www.insurancenetworking.com
www.celent.com
SourceMedia, an Investcorp company, is the pre-eminent provider of timely
and essential information for members of the financial services community,
as well as cheap life insurance related fields such as accounting and technology