ST. PAUL, Minn.--()--It’s called the Operations Re-engineering Initiative and it’s all about improving employee collaboration and productivity, resulting in a positive impact on earnings.
“This initiative yielded significant business value and positioned LPM for future process improvement, such as quickly adjusting business processes with minimal impact and helping us identify opportunities to become more efficient”
This was one of the projects that earned Securian – and its IT department – a place on the InformationWeek 500 Top Technology Innovators award for the fourteenth consecutive year.
“This honor recognizes our commitment to our vision of providing innovative information technology solutions to our business units, helping them become more strategic and efficient while providing a superior customer experience,” said Jean Delaney Nelson, senior vice president and CIO, Securian Financial Group.
The Operations Re-engineering Initiative implements improvements that make it easier for individual life insurance distributors to work with Securian’s Life Product Manufacturing (LPM) unit while growing sales and improving retention of existing life insurance business. The project yielded several intangible benefits in 2011, such as improved tracking, reduced turnaround times, and higher productivity. The tangible benefit was an 11 percent improvement in operational efficiency with the expectation of additional improvements in 2012.
“This initiative yielded significant business value and positioned LPM for future process improvement, such as quickly adjusting business processes with minimal impact and helping us identify opportunities to become more efficient,” said Delaney Nelson.
The InformationWeek 500 has recognized the most innovative users of business technology for 24 years. The editors look for unconventional approaches to maximizing business opportunities and solving complex business problems with information technology.
Securian’s string of appearances on Computerworld list of the Best Places to Work in IT also remains unbroken. Securian ranked tenth in 2012 and is one of the smaller employers with 2,400 associates in St. Paul and 425 IT employees. The company has made 17 consecutive appearances on the Computerworld list.
Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses in the form of insurance, investments and retirement plans. Now one of the nation’s largest financial services providers, it is the holding company parent of a group of companies that include Minnesota Life Insurance Company, Advantus Capital Management, Allied Solutions, Capital Financial Group, Cherokee National Life Insurance Company, CNL/Insurance America, Personal Finance Company, Securian Trust Company, Securian Financial Services, Inc., Securian Casualty Company, and Securian Life Insurance Company, both are New York admitted insurers.
DOFU – 09-2012