Erie Insurance, Digital Partners/Slice Labs Partnership Awarded 2017 ITA Bridge Awards
Pompano Beach, Fla., March 13, 2017 — The Insurance Technology Association (ITA) announces that representatives of Erie Insurance Group and a collaboration between the Digital Partners, a Munich Re company, and insurtech startup Slice Labs, are each winners of the third annual ITA Bridge Awards. The awards were presented at ITA LIVE, the ITA’s annual conference held this week at the Fort Lauderdale (Fla.) Pompano Beach Marriott Resort & Spa.
The ITA Bridge Award honors insurance IT leaders and their counterparts on the business side, according to Jim Daggett, executive director of the ITA. Business opportunities are sometimes lost and IT implementations often fail when leaders from IT and the business side fail to collaborate effectively and “bridge” the gap between technology and business, explains Daggett.
“This is our third year to hand out the ITA Bridge Award and we were once again impressed by the quality of the nominations,” says Daggett. “When we submitted the finalists to our advisory board they were evenly split on who should win this year’s award. We thought about asking for a second vote to get one clear winner, but after looking through the Erie and Digital Partners/Slice Lab submissions we agreed that both were deserving of the honor.”
The Erie winners are Ruben Fechner, senior vice president, information technology, and Sherri Silver, senior vice president strategic marketing. The Erie team worked to improve the claims process for its customers by automating where possible while continuing to follow the company’s mandate for retaining the human touch when working with customers.
The second Bridge Award was presented to Andrew Rear, chief executive of Digital Partners, and Tim Attia, CEO of Slice Labs. The backing provided to insurtech startup Slice Labs by the Digital Partners unit of Munich Re enabled Slice to launch its first product for homeowners, which is now available in six states, who rent their homes through online services such as Airbnb. Slice also is working to launch a rideshare product for drivers of companies such as Uber and Lyft.
“We’ve worked closely with Digital Partners to reimagine the insurance process and build a truly digital-only insurer,” says Tim Attia, CEO and co-founder of Slice. “It’s an honor for the industry to recognize this and to receive the Bridge Award.”
“Bridging the gap between the business operation and technology with Slice helped us develop a new approach and solution in an evolving insurance market,” says Andy Rear, chief executive, Digital Partners. “We are honored to be recognized for our collaboration with Slice with the Bridge Award.”
The ITA Bridge Award is presented to both an IT leader and a business executive or executives in any of the insurance industry business functions, including underwriting, claims, finance, customer service, actuarial or marketing for a North American insurance company.
Nominations were accepted from insurance companies, software solution providers and industry consultants. The award is reflective of a long-term connectivity between the business unit and IT that demonstrates how an insurance company can operate effectively.
The full story of each of the 2017 winners is featured in the March issue of ITA Pro magazine, the official publication of the ITA.
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ITA Mission Statement
The goal of the Insurance Technology Association is to provide members with opportunities to collaborate, educate, network, share, and use knowledge related to insurance technology. The ITA serves the insurance technology community as a resource and is dedicated to serving this specialized sector of the industry. Publications and educational programs created by the ITA are geared to professionals interested in or charged with evaluating, implementing, and marketing insurance-specific technology systems or services.
The current issue of ITA Pro Magazine is October, 2017. The cover story, “Cross the Line,” features John Kessler, chief strategy officer for Motorists Insurance Group, as he explains how Motorists has shifted much of its attention to the commercial lines side of the market. Another feature, “The Spiraling of Insurtech,” looks at how investor groups have led the charge in bringing carriers and insurtechs together. The third feature, Think Differently,” examines how claims centers have become laboratories for insurance carriers and new technology In addition you will find features such as:
- George Grieve's column on the implementation of third-party software, and how carriers need to know their job and not expect others to pick up the slack.
- Karen Furtado’s Innovation Corner column is on SMA’s 10th anniversary and how they will pass along some predictions for the next decade in insurance and technology
- In Newsmakers, Rod Travers tells why he left the consulting world for the top spot in the insurance industry’s largest association.
online ita buyers' guide
Information on the ITA Pro Buyers' Guide, and how vendors can be a part of it
For more information, contact Jim Daggett at firstname.lastname@example.org