Insurance-Canada.ca Technology Awards – “The ICTAs”

As computer and communications technologies evolve at increasingly faster rates, so too do the innovative uses of these technologies by participants in the insurance industry.

To highlight and celebrate technologies that have a significant business impact, Insurance-Canada.ca is sponsoring the Insurance Canada Technology Awards – "the ICTAs." These were first awarded at the P&C Technology Conference on February 22, 2010.

Purpose

To celebrate organizations whose implementations of technology in the Canadian Property and Casualty Insurance and Canadian Life Insurance industry show the greatest positive impact on the business of Insurance in Canada.

Announcements

The 2010 ICTA's were presented on Monday Feb. 22, 2010.

• Insurance-Canada.ca honors technology leaders at annual conference

2010 ICTA Winners

Congratulations to the winners of the 2010 ICTAs!

Categories and Award Levels

ICTAs may be awarded in each of the following three categories:

1. Practitioners: Insurers – companies licensed to underwrite business in Canada
2. Practitioners: Distributors – companies licensed in Canada to distribute insurance underwritten by one or more insurers in Canada
3. Suppliers:
   • Technology Providers – companies that supply specific technology solutions, hardware, software or services to practitioners and/or Service Providers in Canada.
   • Services Providers – companies that supply services to the above practitioners and use technology to do so.

Two award levels are available for each category:
Best in Class – The greatest impact evidenced within the category
Honourable Mention – Meets criteria

General Requirements

1. Awards will be given to organizations that do business in Canada
2. Supplier organizations must do business with organizations involved in one of the Practitioner categories in Canada
3. Organizations may nominate themselves or others. All nominees will be contacted to confirm willingness to receive an award.
4. All award nominations must be supported by an application
5. Nominations may include additional material in support of the application
6. All information provided in support of the application will become the property of Insurance-Canada.ca. This information may be used by Insurance-Canada.ca on its website, in print, or elsewhere.

Award Criteria

The primary criterion for all awards is the positive impact that a specific technology or application of technology has had on business. Examples include

• Introduction of new technology that enhances customer satisfaction
• Utilization of technology to reduce costs or improve service
• Development of technology that serves a need not previously served by technology within the industry
• Innovative integration of technologies to reduce costs, improve service, or streamline processes
• Leadership within the industry or a subset on the development of standards or practices for the utilization of technologies (industry associations, user groups, etc.)

The application or technology must be in production in a live environment, supporting actual production activities in Canada. Evidence of the positive impact must be real as well, 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.)

Nominated organizations will not be asked to release proprietary information; however, references will be sought to validate evidence of the impact.

Application form

Download and fill out an Insurance Canada Technology Award application (DOC file). The form should be submitted in DOC, PDF, or equivalent format.

Award Presentations

Awards will be announced and presented at the 2010 Insurance-Canada Annual Technology Conference.

Award Deadline and Submissions

Nominations must be submitted to icta@Insurance-Canada.ca; the submission deadline has been extended to January 29, 2010.

ICTA Questions?

Send questions etc. to icta@Insurance-Canada.ca.