BOSTON--(BUSINESS WIRE)--Members of the Novarica Insurance Technology Research Council, a knowledge-sharing group of hundreds of insurer CIOs, have selected Homesite as one of two winners for Digital initiative, based on a review of case studies published today at https://novarica.com/compendium2017/.
Homesite Insurance launched a sales portal with new policy and billing core systems implemented in the cloud. Completed in a little over a year, the project supports product bundling, delivers up to 40% premium cost savings to customers, and enables expansion for other lines of business.
“Providing customers a seamless experience while utilizing technology was a major motivator,” said Dustin Hubbard, Chief Digital Officer and Vice President at Homesite. “As we continue to grow, we are focused on creating new ways to make our customers’ experience efficient and convenient.”
“Homesite’s initiative was selected by the committee for its effective use of technology and real-world business impact,” said Matthew Josefowicz, President/CEO of Novarica and moderator of the Council.
The case study, along with case studies of seven other winners, and more than 20 additional cases considered for Impact Awards, was published today in Novarica’s 6th Annual Best Practices Case Study Compendium, online at https://novarica.com/compendium2017/. Novarica has published more than 175 case studies through this program since 2012.
About Homesite
Homesite Insurance (www.homesite.com)
offers insurance coverage for Home, Renters, Condo, Small Business, Term
Life and Flood. Founded in 1997, Homesite was the first company to
enable customers to purchase insurance directly online, during a single
visit. Since then, we’ve continued to innovate, meeting the needs of
more than 1 million customers and their changing expectations. There’s
one thing that has stayed the same since our founding: our commitment to
our customers, partners and employees. Connect with us on Facebook,
LinkedIn,
and Twitter.
About the Novarica Impact Awards
The Novarica Research
Council Impact Awards are the largest purely peer-juried awards in
insurance technology. Over a dozen CIO members of the Novarica Insurance
Technology Research Council vote annually to recognize the efforts of
their peers to use technology to drive business value in digital,
data/analytics, core systems, and IT operations. No vendors,
consultants, journalists, or members of the Novarica team participate in
the selection committee, making the Novarica Impact Awards distinctive
in being a purely peer-juried award.
The Novarica Insurance Technology Research Council is a free, moderated, knowledge-sharing community of more than 300 insurer CIOs and senior executives. In addition to recognizing successful initiatives through the Impact Awards, members participate in anonymized studies and private, vendor-free events. More information at https://novarica.com/council/.
The Council is managed by Novarica, a research and advisory firm that helps more than 90 insurers make better decisions about technology projects and strategy through published research, advisory services, and consulting on vendor selection, benchmarking, project assurance, capability and organizational assessments, and IT strategy. https://novarica.com/