Personal Lines Transformation receives Aite-Novarica Insurance Technology Impact Award
In June, Encova was announced as a winner of the 2022 Aite-Novarica Insurance Technology Awards for our Personal Lines Transformation. With 65 technology project submissions, we were one of 12 winners, and one of three winners in the category of core systems: large property/casualty.
Our Personal Lines Transformation consolidated six legacy systems to improve the online experience for policyholders and agents, using Guidewire’s InsuranceSuite and Digital Portals to create one system. We have implemented this project in 10 states so far, with plans to expand. New business counts in 2021 increased by 144% year over year, and straight-through processing for issued new business has risen from 0% to 56%.