Celent Model Insurer 2010: Case Studies of Effective Technology in Insurance
Twenty-seven Model Insurer Components are described in this fourth annual edition, and Celent’s Model Insurer of the Year is named.
In a new report, Celent Model Insurer 2010: Case Studies of Effective Technology Use in Insurance, Celent recognizes 27 insurance technology initiatives as “Model Insurer Components.” The report also names Missouri Employers Mutual Insurance the Model Insurer of the Year. These best practices in the use of technology span key areas of the product and policyholder life cycle, including product definition, distribution, underwriting, policy administration, service, claims, and infrastructure. The report also reviews IT best practices and measurable business results used in evaluating the Model Insurer Components.
“One common theme for many of the projects profiled in this year’s report is the emphasis on top-line growth,” says Mike Fitzgerald, senior analyst with Celent’s Insurance group and author of the report. “Insurers are looking to technology to enter new markets, or to address new segments within existing ones.”
Model Insurer Components 2010
Nominations were accepted throughout 2009, and the Celent insurance team selected the 28 winning initiatives based on the business benefits provided. Each Model Insurer Component is described in a brief write-up within the report, including detailed descriptions of business drivers, technology environments, and quantitative success metrics.
Nominations for the 2011 report will be accepted throughout the year and may be submitted by carriers or their software vendor partners. For more information, please click here.