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RCT Congratulates Shelter Insurance for Winning 2020 Novarica Impact Award (Data & Analytics)

August 06, 2020Warren Woermke News

(August 6, 2020 – Toronto, ON)

Novarica’s ninth annual technology case study compendium looked at 28 detailed examples of IT initiatives that delivered real business impacts. The Novarica Impact Awards were voted on by more than 50 industry CIOs, and recognized winners across four categories: digital, data/analytics, core, and IT practice or infrastructure.

Risk Control Technologies is pleased to congratulate Shelter Insurance for winning an Impact Award for its cloud-based risk scoring application. Within 12 months, Shelter created a cloud-based application for automated risk scoring for underwriters, halving the number of new business and policy change transactions manually reviewed by underwriters.

Key points and findings from Novarica’s 2020 compendium include:

  • Technology investments drive productivity and sales growth for insurers
  • Agile, cloud, and APIs are common components of successful projects
  • Active business/IT partnership is the key ingredient

The full case study and detailed methodology is available here.

To learn more about how RCT’s technology can assist with your loss control data collection, reporting, creating efficiencies and more, contact us here.

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