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2016 Innovation Award winners recognized

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The 2016 Business Insurance Innovation Awards recognize the best new products and services for risk managers launched over the past year. The awards program, which started in 2010, was established to showcase innovative solutions that service providers are offering to solve problems faced by risk managers.

All of the nominations were reviewed by an independent panel of judges composed of professional risk managers, and the 10 highest-scoring nominations were selected for the 2016 Innovation Awards, which will be presented during the Business Insurance Risk Management Summit, to be held March 22-23 in New York.

The winning entries range from insurance coverage for data breach risks to robotics to apps and dashboards to help manage and assess property risks.

The nomination process for the 2017 Innovation Awards will begin in the fall.

For more information about the Innovation Awards and other awards programs sponsored by BI, visit www.businessinsurance.com or email Business Insurance Editor Gavin Souter at gsouter@businessinsurance.com.


THE WINNERS

Allied World Assurance Co., Allied World//FrameWRX

American International Group Inc., Investment in K2 Intelligence and Expansion of CyberEdge Suite of Loss Prevention and Mitigation Services

Carrington Risk Consulting L.L.C., SnapCAT

EigenRisk Inc., EigenPrism

FM Global, MyRisk

Lexington Insurance Co., Robotics Shield

Liberty Mutual Insurance Co., Managing Vital Driving Performance

Origami Risk L.L.C., Origami Risk/ODG Integration

PivotPoint Risk Analytics, CyVaR

XS Reserve Ltd., XS Reserve


PANEL OF JUDGES

The entries for the 2016 >Business Insurance Innovation Awards were reviewed by an independent panel of judges, all of whom are risk management professionals.

The judges assessed the entries based on five criteria: Originality in serving the needs of professional risk managers; relevance to the core concerns of risk managers; effectiveness in solving one or more problems in the risk management process of identifying, assessing/analyzing, controlling and/or financing risk; the presentation of the product or service in terms of its ease of use and understanding; and the results achieved when implemented by risk managers.

The judges scored each entry, and the 10 highest-scoring entries were selected as the 2016 Innovation Awards winners.

THE 2016 JUDGES

Julie Bean

Risk manager

The Chamberlain Group Inc.

Barbara Devine

Assistant director of risk management

Astellas U.S. L.L.C.

Brian Sammons

Assistant vice president of risk management

Equity Residential

Terry Sampson

Director of risk management

The Art Institute of Chicago

Carlos A. Sintes

Claims manager

Fortune Brands Home & Security Inc.