Patriot National Wins Novarica Research Council Impact Awards
FORT LAUDERDALE, FL, Aug. 27, 2014
Patriot National, Inc., a leading provider of workers’ compensation and managed care services, was honored at the Novarica Impact Awards Conference as a recipient of the 2014 Novarica Research Council Impact Award. Honorees are recognized for best practices in insurance industry IT initiatives and strategy. In particular, Patriot National was recognized for total legacy replacement (transformation) for their implementation of Vikaran Solutions’ WorkersCompExpertTM (“WCE”).
In 2013, Patriot National completed a successful implementation of the Vikaran WorkersCompExpert software suite. Patriot converted all the company’s existing workers’ compensation business for all 50 states onto the new platform. While data inconsistencies and inadequacies inherent to the old system made the conversion process challenging, Patriot National stringently and successfully managed the process by establishing a dedicated project management office (PMO) which monitored project scope, goals and deliverables.
Judith Haddad, Chief Information Officer of Patriot National, Inc. said, “Delivering a state of the art insurance system with converted data in 2 ½ years is certainly a challenge for any organization. The talent and teamwork of both Patriot and Vikaran was the differentiator in getting this project implemented. We are extremely pleased to have been recognized by receiving this award.”
Novarica provides information, insights, and perspective on markets, operations, and technology to property/casualty and life/annuity insurers. The 2014 Novarica Impact Award nominees, including Patriot National, were selected by a panel of CIO members of the Novarica Research Council from companies including Aflac, Allstate Financial, Aon, Capitol, Cincinnati Financial, Great American, New York Life, PURE Insurance, and Utica National. Winners were selected by a vote of more than 70 insurer CIO members.
Steven Mariano, Chief Executive Officer and Chairman of the Board said, “Patriot congratulates all nominees for the prestigious Novarica Impact Award. This recognition is a testament to our organization’s success with our total policy management system replacement. Patriot National prides itself on innovation and has a true commitment to embracing technology.”
Director of Investor Relations
Patriot National, Inc.
Financial Profiles, Inc.