2015 CI-TO Roundtable Solutions Challenge The 2015 Executive - - PowerPoint PPT Presentation

The 2015 Executive Education Roundtable Series

2015 CI-TO Roundtable Solutions Challenge

The 2015 Executive Education Roundtable Series

The 2015 Executive Education Roundtable Series

Building the 2015 Solutions Challenge

• We wanted to identify a real-world industry challenge that could potentially face

any of our CI-TO Roundtable attendees here today at any time.

• So, we established a panel of insurance company CIOs who brainstormed

hypothetical situations which could serve as the basis for the challenge.

• Thank you to our CIO Panel for their hard work and valuable input:

Mary Ellen Freyermuth

VP of IT/IS Catholic Mutual

Darby O’Neill

VP of IT & CIO Princeton Insurance

Wayne Umland

Former CIO Glatfelter Insurance Group

Bryan Fowler

VP & CIO Oregon Mutual Insurance

Ken Mitchel

Director of IT Clements Worldwide

The 2015 Executive Education Roundtable Series

• Room will divide into four teams of insurers, led by our captains, who will help

facilitate proceedings.

• A fifth team, made up of sponsor participants, industry influencers and other valued

attendees, will also participate, but will not be eligible to win.

• Each team will brainstorm an approach to solving the problem, and then develop

and deliver an “elevator pitch” of their proposed solution.

• The judges will evaluate all four proposals, and at the end, proclaim the overall

winner. The goal of this interactive session is to energize the room with a think-on-your feet exercise that provides an opportunity to leverage your skills while being exposed to the thoughts, ideas and approaches of other CI-TOs in pressurized situations. As in the real world, watch out for surprises. Team Captains:

• 1. Steve Ramsthel, President – CodeObjects
• 2. Bob Larew, COO – Insurity
• 3. Andy Scurto, President & CEO – ISCS
• 4. Nick Coenen, Director of Business Development – Majesco

Tackling the 2015 Solutions Challenge

The 2015 Executive Education Roundtable Series

Solutions Challenge – Judging

Solutions will be judged on the following criteria:

• Market impact – Drives premium growth, market-share growth, cross-

selling potential, product introductions

• Brand Impact – Builds awareness, creates competitive differentiation
• Financial Impact – Reduces costs, strengthens financial risk management
• Customer impact – Improves service, product features, retention, loyalty
• Degree of innovation – Breaks the mold, draws from outside the industry,

business impact

• Scoring : 1 to 5 scale; 1=low/poor; 5=high/excellent
• Max score: 25 per judge; 125 total. Highest score wins.

The 2015 Executive Education Roundtable Series

Solutions Challenge – Judges

• Mary Ellen Freyermuth, VP of IT/IS – Catholic Mutual
• Bill Hartnett, President – Hartnett Advisors
• Greg Maciag, President & CEO – ACORD
• Darby O’Neill, VP & CIO – Princeton Insurance
• Wayne Umland, former CIO – Glatfelter Insurance,

and President – Wayne Umland Consulting

The 2015 Executive Education Roundtable Series

Solutions Challenge – Timeline

• 1:45 – 1:50 PM

Introduction/Overview and Problem Reveal

• 1:50 – 2:40 PM

Teamwork

Each team will work independently on the problem. Discuss options. Settle on a course of action. Sketch out an “elevator pitch”—a short overview of the plan of attack.

• 2:40 – 3:00 PM

Elevator Pitches

Each team will have 5 minutes to make their pitch, with 2 minutes for Q&A from the panel of judges.

• 3:00 – 3:15 PM

Judges Deliberation and Announcement of Winner

The judges will deliberate and then announce the winning team of the Solutions Challenge.