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: Darby Mary Ellen Ken Wayne Bryan O’Neill Mitchel Freyermuth Umland Fowler VP of IT & Director of IT VP of IT/IS Former CIO VP & CIO CIO Catholic Clements Glatfelter Oregon Princeton Mutual Worldwide Insurance Mutual Insurance Group Insurance The 2015 Executive Education Roundtable Series
Tackling the 2015 Solutions Challenge • 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 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. The 2015 Executive Education Roundtable Series
Recommend
More recommend
