Bankers Insurance Group Honored for IT Innovation

ST. PETERSBURG, Fla., June 3, 2014 /PRNewswire/ -- International Data Group's CIO magazine  announced today Bankers Insurance Group, an affiliate of St. Petersburg-based Bakers Financial Corporation (BFC), has been named to the 2014 CIO 100. The 27th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology.  Bankers was recognized for its development and implementation of a One-Click Homeowners Insurance program which allows insurers to base quotes solely on potential policyholder addresses.

The recipients of this year's CIO 100 award were selected through a three-step process: companies submitted details about their innovative IT and business initiatives; a team of judges reviewed the applications in depth, looking for unique practices and substantial results; then, CIO editors reviewed the judges' recommendations and voted on the final 100. 

"For 27 years now, the CIO 100 awards have honored the innovative use of technology to deliver genuine business value," said Maryfran Johnson, Editor in Chief of CIO magazine & Events. "Our 2014 winners are an outstanding example of the transformative power of IT to drive everything from revenue growth to competitive advantage." 

Bankers Insurance Group President Bill Martin commented, "Our customers give us the most coveted award when they buy our policies. CIO Magazine is recognizing that Bankers is trying to give customers a purchase experience they enjoy rather than dread.  This team brought together many different resources to make it happen. Technology fueled the innovation and our product managers and sales teams carried it forward." Added Jim Albert, BFC Chief Information Officer, "We are seeing the benefits of analytics-driven innovation as a powerful differentiator in the insurance market, for improved competitive pricing as well as a streamlined agent and consumer experience."

Executives from the winning companies will be recognized at the CIO 100 Symposium & Awards Ceremony, to be held Tuesday, August 19 at the Terranea Resort in Rancho Palos Verdes, CA.  Complete coverage of the 2014 CIO 100 awards will be online August 1 at http://www.cio100.com/  and in the August  issue of CIO magazine. 

For more information on Bankers Financial Corporation, please visit www.bankersfinancialcorp.com.

Media Contact: PHYLLIS MAURO, Bankers Financial Corporation, 727-823-4000, [email protected]

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SOURCE Bankers Financial Corporation