Auto Insurance Providers Named to InformationWeek 500

cars passing each otherThis year, both USAA and Progressive have made it onto InformationWeek magazine’s list of the country’s 500 top business technology innovators.

Progressive insurance made the list for its use of a program that combines its workings with other companies’ to provide products beyond car coverage. This is the 11th consecutive year the car insurance coverage provider has been recognized for its use of technology.

“This is an example of Progressive IT working hand-in-hand with the business to help it grow,” says Progressive’s chief information officer, Ray Voelker. “For example, we’re now attracting new customers who might not have chosen us if we hadn’t been able to offer them both auto and homeowners insurance together. We can also use this ability to integrate our systems with those of other companies to offer our car insurance products to their customers.”

USAA was honored for innovative work in its banking sector. The coverage carrier’s creation of the USAA Deposit@Mobile application, which allows iPhone and Android users to deposit checks into their USAA bank, contributed to company’s seventh-place ranking.

More than $1 billion in deposits were reportedly made within the first year of the application’s release.

USAA’s chief information officer, Greg Schwartz, indicated this isn’t the end of the company’s innovative practices.

“At USAA, innovation is all about making it easier for our members – the men and women of the military and their families – to do business with us, however and wherever they choose to do so,” says Schwartz. “That means we must be innovative in everything we do and continuously improve.”

About John Pirro
John Pirro is a licensed fire and casualty insurance agent specializing in various aspects of the auto insurance industry. He worked in the auto body repair industry before taking a reporting position at Online Auto Insurance News.

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