ICTA Nominations

Insurance practitioners

Criteria:

• Nominee must be using the technology application;
• Nomination can be by a third party;
• Group nomination for up to three (maximum) insurance practitioners, e.g.:
  • An Insurer (or MGA) and a Broker; or
  • An Insurer/MGA and/or Broker (e.g. a third-party offers insurance from the provider embedded with their product).
• The nominated technology application can be a new feature or function of an older system;
• Technology application implemented after Jan. 1, 2021, but before Sept. 1, 2023 (to allow some time to assess benefits);
• A Technology or other Provider may nominate an Insurance Practitioner. The Provider will be recognized as a Provider within that nomination and any award.

Eligible Businesses:

• Doing core insurance business, e.g. Insurers, Brokers, MGAs, Reinsurers;
• Doing related insurance processes, e.g. Quote comparison, lead generation, premium financing, repair and restoration, claims outsourcing, etc.
• If in doubt, ask.

Technology and other providers

Criteria:

• Technology application is developed and maintained/managed by Nominee;
• Technology application may operate in customer’s enterprise facility or as SaaS;
• The nominated technology application can be a new feature or function of an older system;
• Nominated technology application implemented after Jan. 1, 2021, but before Sept. 1, 2023 (to allow some time to assess benefits);
• Nomination can be by a third party (e.g. a customer or partner);
• There must be a named reference account with contact information (you may request that the reference customer be kept confidential)

Eligible Businesses:

• One of these conditions must be met:
  • Corporate office or main development is in Canada; or;
  • There is a marketing presence and program in Canada; or;
  • A customer is using the product for insurance purposes in Canada.
• If in doubt, ask.

Juries in the past have favoured nominations with specific metrics.

Evidence of the positive impact of the technology operating in this environment must be real, and could be supported by:

• Return on investment;
• Increased revenue (overall, per client, per segment, etc.);
• Decreased costs (overall, by department, by function, etc.);
• Business agility – time to market, entry to new market segments;
• Improved service levels, evidenced by improved satisfaction, increased revenue per client; improved retention, higher premium volume per client;
• Improved customer satisfaction (evidenced by customer feedback, surveys, etc.).