SOURCE: SourceMedia

SourceMedia

October 29, 2009 14:22 ET

Data Collection Underway for 2010 Vanguards in Insurance Practices

Insurer Voting in Progress as INN and Celent Partner on INN's 4th Annual Ranking of Tech Solution Providers

NEW YORK, NY and CHICAGO, IL--(Marketwire - October 29, 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 related fields such as accounting and technology. Through its comprehensive library of professional publications, suite of industry-standard data applications, and in-depth seminars and conferences, SourceMedia (www.sourcemedia.com) offers its clients and subscribers a valuable and sophisticated range of products and services.

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