Northbridge Financial Corporation wins Celent 2018 Model Insurer Award for transformation project

,

TORONTO, April 24, 2018 – Northbridge Financial Corporation is proud to be recognized with the Celent 2018 Model Insurer Award for Legacy and Ecosystem Transformation, awarded today at Celent’s 2018 Innovation and Insight Day in Boston, Massachusetts. Celent is a global research and advisory firm for the financial services industry.

Now in its 12th year, Celent’s annual Model Insurer Award recognizes best practices of technology usage in different areas critical to success in insurance. Amid 132 submissions from across the globe, Northbridge was honoured with the award in the category of “Legacy and Ecosystem Transformation” for its five-year, strategic IT business transformation program that integrates and consolidates legacy systems.

“We’re extremely proud of this recognition from Celent,” said Andrew Wood, Chief Information Officer and program executive sponsor. “It’s an incredible validation for all of the hard work and collaboration from our project team across the organization, including our valued vendor partners. This is an excellent milestone for us as we continue on our transformation journey.”

The Legacy and Ecosystem Transformation category focuses on projects related to upgrading core systems, including policy administration, document management, customer relationship management, new business, illustrations, billing, claims, and rating/underwriting.

“The Model Insurer Awards recognize how insurers are using technology to change the face of insurance,” said Nicolas Michellod, Senior Analyst, Insurance, Celent. “Insurance carriers like Northbridge serve as an inspiration to others looking for strong examples of best practice implementation that will have a truly meaningful impact on business results and the industry overall.”

Click here for more information and the Celent Model Insurer award.

About Northbridge Financial:

Northbridge Financial is a leading commercial property and casualty insurance group that’s been helping to protect Canadian businesses for more than 90 years. We’re 100% Canadian and wholly owned by Fairfax Financial Holdings Limited. We offer a wide range of innovative solutions to Canadian businesses through our Northbridge Insurance, Federated Insurance and TruShield Insurance brands. Visit us at www.nbfc.com to learn more.

For more information, contact:
Meghan Bar
Manager, Corporate Communications
Northbridge
416-350-4686
meghan.bar@nbfc.com