News eDaily05 Jul 2017

Asia Pac:Nominations open for 2017 Asia Insurance Technology Awards

| 05 Jul 2017

Nominations are open for the Asia Insurance Technology Awards (AITAs) which recognise excellence and innovation in the use of technology within the insurance industry in the Asia Pacific.

The deadline for nominations for the 2017 Awards, which are organised by financial services technology research and consulting firm Celent and Asia Insurance Review, is 21 July.

The awards will be handed out on 5 September 2017 at the 6th Annual CIO Summit organised by Asia Insurance Review.

The AITA categories are:

  • IT Leadership

This award honours an individual who has displayed clear vision and leadership in the delivery of technology to the business. The recipient will have been responsible for deriving genuine value from technology and has demonstrated this trait with a specific project or through ongoing leadership.

  • Digital Transformation

This award honours the insurer or broker which has made the most progress in implementing digitisation initiatives, such as sale and service of products online, eco-system integration (such as with business partners, repair shops, medical providers, distribution, etc.), leveraging social networks, work-place enablement (such as BYOD, collaboration tools, etc.), business process automation (STP), engaging user interface design, or leveraging mobile technology.

  • Data and Analytics

This award honours the insurer or broker which has made the most progress in utilising data analytics technologies, such as predictive analytics (claims fraud, underwriting, pricing, climate analysis), prescriptive analytics (triage, sales automation, ‘next best action’), and virtualisation (dashboards and heat maps, catastrophe management, network analysis, geo-political risk analysis).

For the abovementioned three categories, nominations are accepted from insurers. Vendors are welcome to assist their client insurers with their nominations, however vendors/suppliers are not qualified to receive this award. All nominations must include insurer contact information, and all follow-up will be done with the insurer, not the vendor.

  • Innovation

This award recognises the innovation business model, applyication of emerging technology, or the innovative usage of technology. Nominations are accepted from insurers, vendors and Fintech/Insurtech firms.


 


 

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