Amerisure will receive an Impact Award from the Novarica Insurance Technology Research Council, a peer community of hundreds of insurer CIOs. More than sixty CIO council members reviewed more than 60 case studies in three divisions to select the winners for the 10th annual awards.
Partnering with CLARA Analytics, Amerisure implemented an AI-enabled predictive modeling platform to improve claims severity and outcomes and increase adjuster productivity. Deployed over 11 months, the solution reduced claim duration by 4.4% and saved $3.3 M in six months for claim loss and expenses.
“Leveraging data more effectively is a key way insurers can manage risk better and reduce operating costs,” says Matthew Josefowicz, President/CEO of Novarica and moderator of the Council.
“Through innovation and agile methodology, we’re increasingly utilizing a combination of data and new technology to improve upon not only our claims outcomes but also on the service promise Amerisure makes to its agencies and policyholders,” said Laurie Pierman, Amerisure’s vice president of claims operations. “The company is honored to once again be recognized by the council members and to receive an Impact Award for the third consecutive year.”
Amerisure’s case study, along with case studies of eleven other winners and more than 50 additional cases considered for Impact Awards, was published this week in Novarica’s 10th Annual Impact Case Study Compendium, online at https://novarica.com/compendium2021/. Novarica has published nearly 300 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. CIO 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 400 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 can be found at https://novarica.com/council/.
The Council is managed by Novarica, a research and advisory firm that helps more than 150 insurers make better decisions about technology projects and strategy through published research, advisory services, strategic consulting, and special programs. https://novarica.com/
About Amerisure Insurance
Amerisure is an insurance organization charged with creating exceptional value for its Partners For Success® agencies and policyholders. As an A rated (Excellent) property and casualty insurance company licensed in 50 states, Amerisure provides a comprehensive line of insurance products to protect businesses focused in construction, manufacturing and healthcare through strategically located Core Service Centers. For more information, visit amerisure.com.
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