Church Mutual Recognized as Innovator in Insurance Industry
MERRILL, WISCONSIN, July 6, 2017 (Newswire.com) - Church Mutual Insurance Company has been recognized for its entrepreneurialism and innovation with its Internet of Things (IoT) technology.
The commercial property and liability insurer received in late June the Award in Innovation by the National Association of Mutual Insurance Companies, or NAMIC, for its Sensor Technology Program. This is the second award for innovation that Church Mutual has received this year for the sensor technology. In April, Church Mutual earned the Celent Model Insurer Award.
NAMIC is a 120-year-old national organization of mutual insurance companies based in Indianapolis, Indiana.
"Being recognized by NAMIC as a leader in innovation highlights our commitment to looking at new ways to provide value to our customers."
The Award in Innovation was created in 2014 to recognize mutual insurers that exemplify the vision and entrepreneurialism it takes to stay relevant in changing times. Whether the ideas are big or small, each innovation is crucial to keeping the insurance industry strong and stable for the future.
“Being recognized by NAMIC as a leader in innovation highlights our commitment to looking at new ways to provide value to our customers,” said Cheryl Kryshak, Church Mutual’s vice president of risk control.
Church Mutual's Sensor Technology Program offers customers year-round protection using temperature and water sensors setup in vulnerable areas of a building or in areas where priceless and often irreplaceable items are stored. The sensors are monitored remotely 24/7, so no one has to be on the premises. Alerts are sent by text message, email or phone to one or several contacts if a temperature or water sensor relays a low temperature or presence of water reading.
“We are pleased and proud to be recognized by our peers as a company that is using Internet of Things (IoT) technology to help protect our customers,” said Kevin Root, Church Mutual’s senior vice president – operations. “We will continue to explore innovative ways to use technology to create new and better solutions for our customers’ operations.”
The Sensor Technology Program was launched in late 2016. There are more than 2,500 houses of worship nationwide enrolled in the program.
About Church Mutual
Church Mutual Insurance Company, founded in 1897, offers specialized insurance for religious organizations of all denominations, as well as schools, camps, denominational offices and senior living facilities. Church Mutual markets most lines of commercial property and liability insurance, including multi-peril, workers' compensation and commercial auto insurance. In addition to insurance, Church Mutual provides a spectrum of value-added solutions that benefit its customers. Church Mutual holds the following honors:
- A.M. Best Company "A" (excellent) rating
- 2016 Ward’s 50 Top Performing Property and Casualty Insurers
- BenchmarkPortal Top 10 National Customer Service Center
- 2016 Wisconsin 75 by Deloitte US
- Futuremakers Partner, by Wisconsin Technical College System
NAMIC is the largest property/casualty insurance trade association in the country, with more than 1,400 member companies. NAMIC supports regional and local mutual insurance companies on main streets across America and many of the country’s largest national insurers. NAMIC members represent 39 percent of the total property/casualty insurance market, serve more than 170 million policyholders, and write more than $230 billion in annual premiums.
Source: Church Mutual Insurance Company