MALVERN, PA — The Institutes RiskStream Collaborative®, a trailblazer in insurance-centric technology advancement, recently unveiled its esteemed 2023 Insurance Industry Award recipients. Chubb, Farmers, Liberty Mutual, Nationwide and W. R. Berkley Corporation secured the Leadership Award, while Nationwide, Allstate, and CSAA Insurance Group were selected for the Collaborator Award. The Innovator Award was claimed by Arbol, Centauri, and Kaleido.
The Leadership Award, a coveted accolade, acknowledges companies demonstrating unwavering commitment and visionary leadership to RiskStream Collaborative’s initiatives. The award celebrates the winners for their collaborative ethos and dedication that continue to shape the growth and adoption of emerging technologies in the insurance sector.
W. R. Berkley Corporation, a recipient of the Leadership Award, has been instrumental in the implementation of RiskStream’s governance initiatives, especially via the formation and operations of the RiskStream Explores advisory committee. The RiskStream Explores, an educational and technology exploration program, reflects the influence of this advisory committee in examining and promoting the application of cutting-edge technology in insurance contexts.
W. Robert Berkley Jr., the president and CEO of W. R. Berkley Corporation, expressed pride in Berkley’s contribution to RiskStream’s blockchain-focused initiative, heralding the role of education, experimentation, and partnerships in solidifying blockchain technology within the insurance industry.
The Collaborator Award recognizes companies that have leveraged the power of integration and cooperation with RiskStream Collaborative. The 2023 recipients distinguished themselves through formidable teamwork in driving automobile-related initiatives within the consortium.
Among the triumphant is Allstate, whose director of digital transformation, Clint Marlow, celebrated the collaboration with RiskStream. Marlow admired RiskStream’s innovative capacity to unite industry players and facilitate trust-based data exchange, unlocking massive potential for future developments. CSAA Insurance Group, another winner, echoed the sentiment, praising RiskStream as an irreplaceable platform enabling pioneering solutions.
Lastly, the Innovator Award is bestowed upon organizations that have shown outstanding creativity and ingenuity within the insurance industry. The 2023 award was presented to Arbol, Centauri, and Kaleido for collectively bringing to full production the dRe application, a smart contract tool that guarantees accurate, shared comprehensive data and simplifies contract management for all parties. This achievement also saw dRe crowned “Underwriting Innovation of the Year” by Insurance Insider.
RiskStream Collaborative celebrates these commendable contributions, recognizing the interplay of leadership, collaboration, and innovation in the insurance industry. With its annual awards, RiskStream Collaboratively eagerly anticipates another year of transformative advancements in the realm of insurance technology.
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