Dallas, TX, October 01, 2011 --(PR.com
)-- The Entrepreneurial Insurance Alliance (EIA) is pleased to announce the winners of the 2011 Entrepreneurial Insurance Awards. Each year, the EIA receives hundreds of applications for the most entrepreneurial and innovative new insurance concept.
The 11 finalists for 2011 include:
· CHSI Technologies
· Huntington Insurance
· Lexington Insurance
· Risk Metrics Corporation
· Rockwood Programs
At the MarketScout annual Entrepreneurial Insurance Symposium, each finalist made a presentation to the panel of EIA judges and symposium attendees. The following factors determined each candidate’s scores:
· Applicability to the insurance industry
· Impact on a broader marketplace
· Financial implications
· Unique features
· Judges’ discretion of other relevant factors
Richard Kerr, Chief Executive Officer of MarketScout, chaired the panel of judges from the EIA.
Mr. Kerr commented, “Economic conditions require all businesses to stay abreast of new, innovative business strategies. A tough economy creates great opportunity for entrepreneurs. The Entrepreneurial Insurance Symposium has become the 'go to' venue for unveiling new and innovative concepts in the insurance industry. We are blessed to have so many progressive sponsors, speakers and attendees."
The 2011 Entrepreneurial Award winners include:
LexPlorations, created by Lexington Insurance
PC Central, created by Huntington Insurance
Data-as-a-Service (DaaS), created by Risk Metrics
WorkSmart, created by Vertafore
About The Entrepreneurial Insurance Alliance (EIA)
In 2010, MarketScout formed the EIA to promote innovation in the insurance industry. The voting members of the EIA include: Allied World Assurance Company, Dowling Hales, Hiscox, Ironshore, Lexington Insurance, Lloyd’s America, MarketScout, Microsoft, StoneRidge Advisors, The National Alliance for Insurance Education and Research and Vertafore. The goal of the EIA is assuring good ideas reach market and are not lost in the morass of legal, investment and processing challenges. Members of the EIA provide support including investment capital, administrative services, accounting systems, software implementation, access to underwriting capacity and worldwide distribution. With help from the EIA, an insurance entrepreneur can take a good idea from start to finish with the assurance the idea has a fighting chance of success.
MarketScout is an insurance distribution and underwriting company headquartered in Dallas, Texas. The firm owns and operates the MarketScout Exchange at www.marketscout.com as well as over 40 other online and traditional underwriting and distribution venues. In 2010, MarketScout launched MarketScout Wholesale, LLC (MSW), a traditional wholesaler, complementing its electronic underwriting and distribution strategy. MSW specializes in MGA, brokerage, specialty programs and business development partnerships. MarketScout and MSW have offices in Arizona, Arkansas, California, Florida, Illinois, Louisiana, New York, Oregon, Texas and Washington D.C.