SOURCE: Social Intelligence

Social Intelligence

September 23, 2015 13:30 ET

Social Intelligence Wins 2015 SMA Innovation in Action Award

Leading Analyst Firm Recognizes Potential of Social Media Risk Scoring as an Industry Change Agent

SANTA BARBARA, CA--(Marketwired - Sep 23, 2015) -  Social Intelligence, a new breed of insurance data provider making social media and next-generation data actionable via predictive scoring algorithms and analytics tools, is pleased to announce the company was named one of three solution provider winners of the 2015 SMA Innovation in Action Awards.

The SMA Innovation in Action Awards are presented annually during the SMA Summit, which was held on September 21 this year at the Mandarin Oriental Hotel in Boston. SMA, which is one of the only analyst firms in the insurance space with a formal practice area focused on innovation, launched this award program four years ago in an effort to encourage, promote, and recognize particularly innovative solutions or projects which propel insurance companies toward modernization, optimization and transformation. As a whole, the program recognizes both insurers and solution providers with real-world, implemented solutions leveraging next generation technologies, ideas or processes to deliver game-changing business capabilities.

"We found a marked increase in the number and variety of highly innovative solutions that have been developed and deployed in the insurance marketplace over the past 18 months," said Karen Furtado, SMA Partner and head of the SMA Innovation in Action Awards program. "We congratulate Social Intelligence for winning an Innovation in Action award for their inventive Social Media Risk Scoring offering."

Social Intelligence breaks the traditional data collection and utilization mold as it relates to risk assessment by working directly with insurers, through integrations with core administration vendors, and in partnership with service companies, to make unstructured social data both accessible and actionable across all industry segments and lines of business. By helping insurers capitalize on the explosion of social data as a resource for better insurance risk assessment, Social Intelligence has become widely-recognized as the industry's de facto source for social media searches, insurance claims investigations, and making insurance relevant to a new generation of insurance consumer.

"Social data represents a great untapped resource for insurers looking to add another layer of information which can enhance accuracy," said Max Drucker, CEO of Social Intelligence. "The next generation of insurance consumer thinks and behaves differently than consumers of the past, and that difference translates into the way this demographic buys insurance as well. This group is proactively creating social data and building social profiles, and they are comfortable sharing much of this information for a reward. Social Intelligence helps insurers capitalize on the more useful qualities of social data to improve and increase business and to ultimately write better risks." 

For more information about this release, Social Intelligence or how social media risk scoring can help improve your underwriting, please visit the company website at www.socialintel.com.

About Social Intelligence Corp. (Social Intelligence)
Social Intelligence is a new breed of data provider making publicly-available social data actionable via predictive scoring algorithms and SaaS-based search tools for insurance companies. By helping insurers capitalize on the explosion of social data as a resource for better insurance risk assessment, Social Intelligence is widely-recognized as the industry's de facto source for social media searches, insurance claims investigations, and making insurance relevant to a new generation of insurance consumer. With a dynamic group of more than 50 employees and quickly growing, our focus is on privacy, productivity, and community involvement above everything else. For more information, visit the Social Intelligence website at www.socialintel.com.

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