Northwestern Mutual Recognized by Celent as a Winner of the Model Insurer Award for Innovation and Emerging Technologies
Northwestern Mutual has been selected as a winner of Celent’s 2019 Model Insurer Award under the category of Innovation & Emerging Technologies. The annual Model Insurer Awards recognize the best practices of technology usage in different areas critical to success in insurance by Celent, a global research and advisory firm for the financial services industry.
“We’re honored to have our digital innovation efforts recognized with the Celent Model Insurer Award,” said Karl Gouverneur, vice president of digital workplace, corporate solutions and head of digital innovation at Northwestern Mutual. “Over the past decade, we’ve formalized our innovation program and continue to invest in digital technologies to create solutions that help accelerate our transformation into a company that offers a full array of financial services. This award reinforces the success of our efforts.”
Celent’s annual awards program recognizes insurance carriers as “model insurers” for their outstanding technology initiatives. Winners in the Innovation & Emerging Technologies category establish initiatives that are rapidly expanding development and application of new technologies and operating models with the aim to fundamentally change current business models, financial models and industry ecosystem. More than 22 nominees in this category were judged on clear business benefits, innovation, and excellence in technology or implementation.
For more than a decade, Northwestern Mutual has developed a comprehensive digital innovation program to develop initiatives that foster a culture of innovation. Northwestern Mutual’s commitment to producing solutions that drive the business forward is evident by the company’s involvement with employee ideation campaigns, innovation partnerships, venture capital investments, startup pitch competitions, hackathon programming events and a dedicated innovation space that inspires employees to solve challenges and search for new market opportunities.