Photo courtesy of The Ehrhardt Group.
BATON ROUGE – LWCC is proud to announce that it has been recognized by Celent as the winner of the Model Insurer Award for Heritage and Ecosystem Transformation. Celent is a world research and advisory company for the financial services industry.
Celent’s annual Model Insurer Awards recognize best practices in the use of technology in quite a lot of areas critical to insurance success. Nominations are submitted by insurers and undergo a rigorous evaluation process by Celent analysts.
Celent evaluates submissions based on three foremost criteria: demonstrable business advantages from energetic initiatives; degree of innovation in relation to the industry; and excellence of technology or implementation.
“The Model Insurer Awards recognize how insurers are using technology to change the face of insurance,” said Donald Light, director of Celent. “The LWCC business model depends on maintaining a flow of good quality submissions from agents and broker producers. In its three-part initiative, LWCC has chosen to focus on key aspects of insurance distribution and process management. The impact and metrics achieved are excellent.”
LWCC was recognized for its modernization efforts to this point, which included thoughtful use of technology to enhance communications and insights with agent partners; updating and expanding the functionality of your brokerage portal; and the creation of a brand new underwriting workshop to extend the speed and accuracy of underwriting decisions.
“The progress achieved through this project exemplifies our commitment to meeting the needs of our stakeholders, with a particular focus on our digital transformation,” said Kristin W. Wall, president and CEO of LWCC. “Our clear competitive advantage is that we are a forward-thinking mutual insurance partner, deeply rooted in understanding the customer and stakeholder journey. We are grateful to Celent for appreciating our work.”
“The success of the project was based on our team’s commitment to innovation and agility,” said Gary Sanders, vice chairman and CIO at LWCC. “With this implementation, we present our shared vision of creating technology solutions focused on individual stakeholders.” Sanders was the executive sponsor of the project under LWCC.
Celent’s recognition of LWCC follows top 10 national rankings in Catalyit’s survey of agents’ perceptions of how well their carriers support them, considering aspects corresponding to ease of doing business, providing the tools crucial to maximise efficiency and forward considering.
To learn more about LWCC, visit lwcc.com.
About LWCC
LWCC is the Louisiana Champion and is proud to be based in the state capital, Baton Rouge. As an exemplary, one-state private mutual services company, we attempt for excellence in advantages delivery, from insurance to compassionate take care of injured staff. We are proud to partner with our agents and together provide exceptional service to our policyholders and their employees. Louisiana Loyal, the movement we launched and proceed to steer to have fun and uplift Louisiana, motivates us to attain our mission of helping Louisiana thrive by improving our state one business and one worker at a time. LWCC is consistently recognized by industry leaders and named to the Ward’s 50® list of top insurance firms, affirming our promise to offer safety, security and stability to Louisiana businesses. For more details about LWCC, its services and its efforts to raise Louisiana, visit www.lwcc.com.
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