Celent Announces Model Insurer Award Winners

Boston, MA, USA
April 4, 2017

FOR IMMEDIATE RELEASE
April 4, 2017


Celent Announces Model Insurer Award Winners

BOSTON, MA — Celent is pleased to announce the recipients of the 2017 Model Insurer Awards. Celent Model Insurer recognizes the effective use of technology by insurers through their implementation of IT programs that epitomize best practices for technology projects. This year, the Model Insurer of the Year award went to CSE for its aspiration to achieve “the best product in the industry.”  Additionally, Celent presented Model Insurer Awards to the following winners in the following categories:

2017 Celent Model Insurer: Legacy and Ecosystem Transformation

Legacy Replacement — Republic Indemnity

Legacy Replacement — ERS

Legacy Replacement — Insurance Corporation of British Columbia

 

2017 Celent Model Insurer: Data Mastery and Analytics

Better Risk Assessment — The Savings Bank Life Insurance Company of Massachusetts

Underwriting Improvements — StarStone Specialty Insurance Company

Predicting Climate Risk — Meteo Protect

 

2017 Celent Model Insurer: Digital and Omnichannel

Straight-Through Processing — CUNA Mutual Group (TruStage)

Digital New Business — Lincoln Financial

Portal in the Cloud — New York Life

 

2017 Celent Model Insurer: Innovation & Emerging Technologies 

Peer-to-Peer Insurance Platform — Suramericana de Seguros S.A.- Wesura

Monitoring via IoT Sensors — Church Mutual Insurance Company

Reducing Fraud — Markerstudy Insurance

 

2017 Celent Model Insurer: Operational Excellence 

Agile Transformation — Aflac

Virtual Global IT Organization — Saxon

Data Science Development Program – MassMutual

 

“The Model Insurer Awards not only recognize innovation and excellence in the use of technology, but also provides insurers with a forum to share best practices and proven business benefits with their peers,” says Analyst Luis Chipana, “The value of this prestigious award is acknowledged by the continued growth of submissions year after year.”

The award winners were announced at an awards ceremony during the Annual Celent Innovation & Insight Day in Boston, MA on April 4.

For more information about the Celent Model Insurer Awards please visit http://celent.com/model_insurer.

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About Celent
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].
 
Media Contact
Michele Pace
mpace@celent.com
Tel: +1.212.345.1366

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

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