CLEVELAND – Oct. 1, 2013 – Marianne Petillo, president and CEO of ROM Reinsurance (ROM), was selected as one of this year’s Women in Insurance Leadership award winners for her impeccable leadership qualities and measurable success in reducing liabilities and operating costs using Hyland’s OnBase enterprise content management (ECM) solution. Insurance Networking News’ Women in Insurance Leadership award measures the accomplishments of the industry’s most influential female leaders whose leadership skills have redefined the insurance business.
Leveraging document management functionality, Petillo overcame common challenges facing the insurance industry, including duplication of efforts, compliance risk and disconnected departments. With the help of OnBase, Petillo has driven significant, measurable operating results, reducing liabilities by $200 million and operating costs by 25 percent, while motivating employees to increase performance levels.
Petillo has more than 20 years’ experience in the insurance industry, where she leads all aspects of the business, including financial reporting, preparation of annual operating budgets, corporate policies and regulatory compliance.
“I believe effective leadership means staying connected to your employees, to recognize what is needed to not only manage but also motivate,” Petillo said. “I’ve been able to do this in my 12 years at ROM by understanding our business needs and implementing the right resources to solve those needs and keep us competitive.”
Petillo’s leadership abilities were put to the test last year when Superstorm Sandy stopped business. ROM, located in downtown Manhattan, immediately lost power and connectivity to its IT systems. Petillo’s persistent focus on data recovery and maintaining risk management policies helped the reinsurer regain business functionality and finalize all year-end tasks on time.
“These women are leading the way for others, both within their own companies and within the insurance industry,” said, Carrie Burns, INN editor-in-chief. “The innovation and dedication they exhibit – and their achievements – are truly inspirational.”
Petillo was one of ten women from across the country to receive the honor. The 2013 winners will be featured in the October/November print edition of Insurance Networking News and will be officially recognized at INN's 6th annual Women in Insurance Leadership Forum October 29-30 2013 in Chicago IL.
For more information about Hyland’s solutions for insurance visit Hyland.com/Insurance.
About Hyland Software
For over 20 years, Hyland Software has helped our more than 11,300 lifetime customers by providing real-world solutions to everyday business challenges. That dedication is why Hyland realizes double-digit growth, and why 98 percent of our customer base continues to renew its annual maintenance. Our customers see the ongoing value of partnering with Hyland and continue to work with us year after year.
Seamless integrations with policy administration, core administration and claims management systems speed processing times across the entire insurance lifecycle from underwriting to policy services to claims, which increases customer service. Using OnBase, more than 500 carriers have achieved results to increase profitability through accurate and consistent underwriting decisions while decreasing response times and costs associated with claims. For more information about Hyland Software’s solutions for the insurance industry, please visit Hyland.com/Insurance.