US ICMIF member EMC Insurance Companies was named a 2022 winner of the Insurance Technology Impact Awards by Aite-Novarica Group, in the category of Data Initiatives. This was the 11th annual Insurance Technology Impact Awards, which recognises insurers for their projects and programmes that delivered real business impact through technology.
“It is such an honor to receive this award from Aite-Novarica Group for our ongoing enterprise data modernization efforts,” said Laks Krishnamoorthy, vice president – enterprise data management. “This work requires a high-level of commitment and collaboration from our teams, and I could not be prouder to work alongside them.”
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy and operations to hundreds of banks, insurers, payments providers and investment firms. The group plans to host a series of moderated panel discussions with representatives from all winning organizations in the months of July and August.
“The Impact Awards are designed to help recognize the ways insurers are using technology to better understand and manage risk, to sell policies more quickly and effectively, and to streamline processes and improve operational efficiency,” said Harry Huberty, head of CIO research at Aite-Novarica Group. “This year’s submissions were among the most impressive I have ever seen, and I’ve heard from a number of voters that they were extremely impressed by the quality of this year’s competition.”
This award is not the first time that EMC has recently been recognised for its use of technology to improve customer interactions and drive operational efficiencies. In November 2021, the company won two technology awards at the Technology Association of Iowa’s Prometheus Awards for “Large Technology Company of the Year” and “Best Technology Company Culture”.
In July 2021, EMC was named a 2021 Automation Excellence Award winner by the Network of Vertafore Users (NetVU). The award recognised insurance carriers that have gone above and beyond to be successful and to help their customers be successful with automation. The award is designed to acknowledge achievements in automation technology and celebrate innovative ideas that enhance collaboration, efficiency and profitability.