BOSTON--(BUSINESS WIRE)--Allstate will receive an Impact Award from the Novarica Insurance Technology Research Council, a peer community of hundreds of insurer CIOs, for its drone imaging program. More than 50 members reviewed dozens of case studies to select the winners for the 7th annual awards.
Allstate partnered with a drone image and data capture provider to improve and streamline catastrophe property claims. The proof-of-concept project was deployed in six months and tested in four states, where it has resulted in improvements in cycle time of 30-40% and adjuster productivity of 50-60%.
“Aerial imagery is innovative technology that can improve the speed and efficiency of our property inspection process and help us deliver a faster, more modernized claim experience for our customers,” said Bonnie Lee, Vice President of Property Claims at Allstate.
“Allstate’s initiative was selected by our Council members for its effective usage of emerging technology to drive concrete business results and improve customer experience,” said Matthew Josefowicz, President/CEO of Novarica and moderator of the Council.
Allstate’s 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 7th Annual Best Practices Case Study Compendium, online at https://novarica.com/compendium2018/. Novarica has published more than 200 case studies through this program since 2012.
About the Novarica Impact Awards
The Novarica Research Council Impact Awards are the largest purely peer-juried awards in insurance technology. Council members 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 100 insurers make better decisions about technology projects and strategy through published research, advisory services, and consulting on IT strategy, benchmarking, project assurance, capability and organizational assessments, and vendor selection. https://novarica.com/.