XL Group Winner - Novarica Research Council Impact Awards 2013, Transformation Category
The annual Novarica Research Council Impact Awards
are awarded by Novarica
, a research and advisory services firm focused on markets, operations, and technology for insurers and financial institutions, awards.
Award winners are selected from among more than 30 case studies of recent successful insurance IT practices and projects. This is the largest peer-jury awarded recognition in the industry, with a voting body comprised of the 300+ CIO and senior IT executive members of the Council.
XL Group was awarded top honors in the Transformation
category, encompassing projects that create significant new capabilities, often involving systems replacements or re-engineering. FirstBest customer XL Group
developed an underwriting platform for underwriters to collaborate, access external data, and integrate with policy processing systems. XL was recently featured in INN: XL Group Improves Underwriter Productivity by 40%.
"XL Group’s underwriting platform is not only increasing productivity, but it’s preparing the company to support the next generation of underwriters. This project captures current process and content knowledge while laying the groundwork to incorporate new data and analytics sources into their environment to improve productivity." -- Martina Conlon, Principal | Novarica [as quoted in Insurance Networking News]