ATLANTA--(BUSINESS WIRE)--When major retailers, manufacturers and dealers make the decision to choose a third party expert to manage their extended service contract programs, they often do so to positively impact revenue, minimize risk and increase operational efficiency. But transferring thousands of customer records from one system to another can be a real implementation pain point. Assurant Solutions, a leading provider of extended protection programs, designed a creative solution that eases the transition and gets client programs up and running quickly and efficiently, without the need for IT intervention.
Data Transaction Manager (DTM) is a nominee in the Quick Hit category of the second annual Novarica Research Council Impact Awards. More than 300 insurer CIO members and senior IT executive members of the Novarica Insurance Technology Research Council select the nominees and winners for the awards, which honor best practices in IT within the insurance industry and are the largest peer-jury awarded recognition in the industry.
“We’re proud to bring such an innovative implementation solution to market, and honored to be recognized at this prestigious event,” said Karen Porter-Wolf, CIO of Assurant Solutions. “DTM transfers client data files into the desired format automatically, manipulating data by extracting and populating the relevant information needed to run the client’s program. The result is a more efficient and effective data transfer and faster implementation.”
Eleven nominees were selected from more than 30 case studies of recent successful insurance IT practices and projects. Members of Assurant Solutions’ development team will join fellow nominees and members of the committee in a panel discussion about their innovations at an awards event on Wed., Aug. 21, 2013 in New York City. Award winners will be announced at the event.
“DTM is the quintessential example of what the Impact Awards are about--impactful IT practices and projects,” said Martina Conlon, principal of Novarica’s insurance practice, who presented a nomination plaque to Assurant Solutions. “The program has made a significant business impact in a short period of time with a concentrated, focused investment.”
For more information on the Novarica Research Council Impact Awards, see www.novarica.com/impact2013.
About Assurant Solutions
Assurant Solutions’ businesses develop, underwrite, market and administer specialty insurance, extended service contracts and other risk management solutions through collaborative relationships with leading financial institutions, retailers, wireless carriers, manufacturers and other entities. With operations in 25 locations, including executive offices in Atlanta, Assurant Solutions serves clients and their customers in countries throughout North America, the Caribbean, Latin America, Europe and Asia. www.assurantsolutions.com
Assurant Solutions is part of Assurant, a premier provider of specialized insurance products and related services in North America and select worldwide markets. Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $29 billion in assets and $8 billion in annual revenue. www.assurant.com