Award in Innovation | Judging Criteria

At NAMIC, we define innovation through relevance. And while we expect automation and technology applications to make up a portion of the Award in Innovation submissions, the award is truly open to any aspect the nominee deems innovative. These may include:

• Unique, high-impact areas of community involvement
• Creative ways of communicating the value of mutuality (through new or traditional channels)
• Initiatives in talent development and leadership perpetuation
• Efforts in building a dynamic work environment
• New ways of increasing policyholder accessibility and claims response time

JUDGING CRITERIA

Each submission will be scored by a selection committee on a 1-to-5 scale based on the following criteria:

• Impact in perpetuating mutuality
• Creativity of idea
• Numbers and/or dollar impact - relative to size of insurer (i.e. biggest and best is not an influence)
• Potential for the idea to be adapted and used by other NAMIC members
• Alignment with the NAMIC Management Conference focus areas: strategy, innovation, leadership, industry trends, and the economy

SELECTION COMMITTEE

The selection committee is comprised of Management Conference committee members (unless they are an award nominee in which case he/she will be asked to abstain), two members of the NAMIC Property Casualty Conference Board of Directors, a representative from the corporate sponsor, and a representative from the previous year’s Award in Innovation overall winner.

ELIGIBILITY

Applicants must be NAMIC member companies who have a primary company connection (write lines of insurance, operate and function as a mutual insurance company). Vendors, service providers, or other non-qualifying companies can nominate a mutual carrier partner for recognition. If you have questions about qualification, please email award@namic.org.