FRAMINGHAM, Mass. and CHICAGO, November 13, 2006 � Insurance Networking News and Financial Insights, an IDC company, announced the first annual “Voice of the Market” ranking for the insurance industry. This ranking, the InsureTopTech, will be exclusively driven by insurance companies in the United States and Canada and will rank the top insurance technology providers across several categories including insurance operations, developing products, and/or optimizing workflow. Insurers will also be asked to name both the top technology firms that most add value to meeting their company objectives and the top up-and-coming firms that they rank as an important new technology provider. Insurance carriers responding to the survey will determine the InsureTopTech 2007 rankings. Financial Insights is spearheading the surveys, data collection and analysis process for the rankings. Insurance Networking News, whose readers rely on carefully researched content that is objective and analytical, will benefit from this ranking.
“We are pleased to partner with Financial Insights, a trusted advisory firm for the insurance industry and a proven provider of financial services industry rankings,” said Pat Speer, editor-in-chief, Insurance Industry News. “By doing primary survey work with insurance carriers directly, our �Voice of the Market� ranking will be an objective and valued piece of business intelligence for our readers.”
This first annual ranking will be presented at a special awards ceremony held during the ACORD/LOMA meeting in Orlando in May 2007 and will be published as a Special Report by Insurance Networking News in the June 2007 issue, including bonus distribution at the IASA meeting in Minneapolis.
“We believe that this initial ranking will showcase the best of breed technology providers to the insurance industry,” said Michon Schenck, chief operating officer for Financial Insights. “This joint effort will set the stage for providing a robust list of reputable, innovative, sound technology leaders for the insurance industry that insurance carriers will use as a bellwether tool in future vendor selections.”
In addition to the InsureTopTech ranking, Financial Insights, in conjunction with SourceMedia, produces two other industry rankings: Securities Industry News’ SecuritiesTech 50, and American Banker’s FinTech 100. For more information on these rankings and the InsureTopTech visit: http://www.financial-insights.com/FI/services/insuretoptech.jsp
About Insurance Industry News and SourceMedia, Inc.
Insurance Networking News is a trusted source for information on how technology is being implemented to support insurers’ strategic business objectives, providing insightful analysis of � and case studies on � how technology is being innovatively utilized to automate critical processes. Every issue of Insurance Networking News is written to help senior insurance executives bypass the hype and get to the heart of resolving industry challenges. Readers rely on carefully researched content that is both engaging and analytical.
SourceMedia, an Investcorp company, is the pre-eminent provider of timely and essential market information � including industry news, analysis, research and insights � for members of the financial services community, as well as related fields such as accounting and technology. Through its comprehensive library of professional publications, suite of industry-standard data applications, and in-depth seminars and conferences, SourceMedia (www.sourcemedia.com) offers its clients and subscribers a valuable and sophisticated range of products and services.
About Financial Insights, an IDC Company
Financial Insights provides independent research, custom consulting, and detailed multiclient studies on the technology issues and challenges facing the financial services industry. Global research covers topics of strategic importance to corporate and retail banks, insurance carriers, asset management firms, securities and brokerage firms. Local practices in Asia Pacific, Europe, Latin America and Canada add an in-depth regional viewpoint. Financial Insights, an IDC company, is headquartered in Framingham, Massachusetts, USA. IDC is a subsidiary of IDG, the world’s leading IT media, research, and exposition company. Visit www.financial-insights.com for more information.