InsureTopTech ranks top solution providers based on industry-wide poll of insurers
ORLANDO, May 21, 2007 � Insurance Networking News and Financial Insights, an IDC company, released the first annual �Voice of the Market� ranking for the insurance industry today at the ACORD LOMA Insurance Systems Forum. In this ranking, the InsureTopTech, insurance carriers in the United States and Canada ranked the top insurance technology providers across several categories including insurance operations, developing products, and/or optimizing workflow. Insurers were asked to name the technology firms that truly assist their varied operations across nine different application or business categories. These hardware, software or services companies have proven their commitment to the industry through the voice of their own customers.
Financial Insights led the survey development, data collection and analysis for the rankings. The 2007 InsureTopTech companies that ranked in the top 3 in each category are listed below. The number 1 provider in each category received a prestigious award at the annual recognition event held today at the ACORD LOMA event.
Most Adds Value
- Guidewire
- Sircon
- Hyland Software
Up-and-Coming
- Guidewire
- Hyland Software
- CSC
Keep the Business Operating
- Guidewire
- CSC
- IBM
Keep Insurer Informed Through Analytics
- Business Objects, Cognos*
- IBM
- SAS
Help Maintain Financials
- Peoplesoft (Oracle)
- Fiserv
- CSC
Help Develop / Enhance Products
- Hyland Software
- Guidewire
- IBM
Help Provide Quality Customer Care
- Guidewire
- Hyland Software
- AT&T, Avaya, Sircon*
Optimize Workflow and BPM
- Hyland Software
- IBM, ImageRight*
- Ravello
Other Areas (middleware, system integration, outsourcing, hardware)
- IBM
- HP
- Oracle, Dell*
“Innovation in process automation has been a cornerstone in the evolution of how insurers compete and remain relevant in the marketplace,” said Patricia Speer, editor-in-chief, Insurance Networking News. “This industry ranking is the first time insurers have been given the opportunity to collectively and definitively put a value on the operational impact of those technologies and their providers.”
“This important ranking showcases the leading technology and service providers to the insurance industry. These providers have accomplished the enviable goal of having their customers attest to the value of their solutions,” stated Barry Rabkin, Senior Research Analyst, Insurance Practice, Financial Insights.
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.
About William Mills Agency
William Mills Agency was founded in 1977 and represents companies that serve the financial and technology industries. The Atlanta-based agency represents more than 70 companies throughout North America. For more information, call 678-781-7219 or visit www.williammills.com.
* Companies that tied for this position.
