-- A survey beginning November 2008 of its insurance company members, which
will investigate business strategies and drivers as well as experiences
with policy administration practices and solutions. The survey will be
conducted through one-on-one telephone interviews.
-- A webcast reporting the initial results with all survey participants by
mid-December.
-- A summary of survey results.
ITG's study will be an in-depth intelligence-gathering on vendors and their
solutions, via a detailed RFI. This will also include a detailed Due
Diligence Questionnaire for determining business strength, product vision,
development capabilities, ability to deliver, and customer support capacity
and a demo script to allow balanced validation of key feature/function
claims made by the vendors. The study will begin in January of 2009.
Results will be published and available early in second quarter of 2009.
In return for their participation in the survey, NAMIC members will receive
a summary of the survey results, an invitation to participate in the
webcast mentioned above, and the opportunity to purchase the final study at
a discounted rate. NAMIC's involvement is neither an endorsement of ITG
nor a sponsorship of the study.
"NAMIC's participation allows us to reach a broader group of carriers in a
key segment of the market in which much of the industry's business is
conducted," said Andreja Bozovic, Managing Director at ITG. "And it will
help maximize the business relevance of our study."
"This survey will help NAMIC better serve its members by providing valuable
information for aligning business and IT strategies," said Bart Anderson,
NAMIC's SVP of Member Services and Communications. "The depth and breadth
of the ITG survey will help us provide programs and services that will
better meet the needs of our members. And the results will enable us to
communicate more effectively on the members' own terms."
About Insurance Technology Group
Insurance Technology Group, Inc. (www.insurancetg.com) is a management
consulting, advisory, and research firm dedicated exclusively to the
insurance industry. ITG improves the effectiveness of insurance companies
and vendors by providing strategic guidance, in-depth industry
intelligence, and best industry practices, helping them to maximize return
on their management decisions, organizational structures, business
processes, and IT investments.
About NAMIC
The National Association of Mutual Insurance Companies (NAMIC)
(www.namic.org) is a full-service national trade association serving the
property/casualty insurance industry. Its more than 1,400 member companies
underwrite more than 40 percent of the P&C premium in the United States.
NAMIC members are small farm mutual companies, state and regional insurance
companies, risk retention groups, national writers, reinsurance companies,
and international insurance giants.
About O'Brien Communications Group
O'Brien Communications Group, LLC (www.obriencg.com) is a
business-to-business brand-management and marketing communication firm.
OCG offers strategic consultation and planning services. OCG creates,
packages, distributes, and measures the effectiveness of brands, messages,
and marketing communication programs.
Contact Information: Media contacts: Andreja Bozovic 416-319-7958 Mark O'Brien 860-944-9022