Encova Insurance Welcomes New CIO to Drive Digital Transformation Initiatives

Encova Insurance Welcomes New CIO to Drive Digital Transformation Initiatives

Encova Insurance has made a significant leadership change with the appointment of Ramu Lingala as the new Executive Vice President and Chief Information Officer (CIO). This strategic move comes as Lingala takes over from Tony Laska, who has announced his plans to retire at the end of 2025. As CIO, Lingala will play a crucial role in overseeing the technology teams at Encova, ensuring optimal system performance for both employees and clients.

Leadership Transition at Encova Insurance

The transition in leadership is a pivotal moment for Encova Insurance, as they aim to align their technological advancements with their strategic objectives. Lingala’s responsibilities will include:

  • Overseeing Technology Teams: Ensuring seamless system performance.
  • Aligning IT Initiatives: Collaborating with various business units to integrate technology with business strategy.
  • Validating Roadmaps: Partnering with other technology leaders to enhance service delivery.

Words of Appreciation for Tony Laska

TJ Obrokta Jr., President and CEO of Encova, expressed heartfelt gratitude to Tony Laska for his remarkable contributions to the organization, stating:

“I’d like to extend my heartfelt congratulations to Tony on a distinguished career and express our gratitude for his unparalleled contributions to BrickStreet, Motorists, and now Encova. I vividly recall recruiting him many years ago and witnessing the transformative effect he had in BrickStreet’s early days.”

Welcoming Ramu Lingala

Obrokta also conveyed enthusiasm regarding Lingala’s appointment, emphasizing the potential advancements under his IT leadership:

“At the same time, we are thrilled to welcome Ramu to our senior leadership team. Under his IT stewardship, we will advance our systems and bolster our capabilities as we strive to be the carrier of choice for our agents and policyholders.”

For more information on Encova Insurance and their leadership team, visit Encova’s Leadership Page.

READ ALSO  InsurTech Innovator Feather Appoints Eloi Lanthiez to Propel Growth Across France

Stay updated on the latest developments in the insurance industry by following related news on Insurance Journal.

Similar Posts

Wagestream Raises £300M in Debt Funding to Accelerate Financial Wellbeing Loans Expansion

Wagestream Raises £300M in Debt Funding to Accelerate Financial Wellbeing Loans Expansion

Bysupport

Wagestream, a UK FinTech company focused on employee financial wellbeing, has secured £300 million in debt financing from Citi to expand its Workplace Loans product. Introduced in late 2024, this initiative aims to help employees manage finances with transparent loan structures, low interest rates (starting at 5.9% APR), and seamless payroll deductions. Wagestream currently serves over three million employees across 2,000 organizations, facilitating over 10 million transactions monthly. Co-founder Portman Wills expressed optimism about the funding, emphasizing the company’s commitment to providing accessible credit solutions as they scale their offerings to support financial resilience among employees.

HubSync Raises Over $100M in Investment from Thoma Bravo to Revolutionize Tax Automation

HubSync Raises Over $100M in Investment from Thoma Bravo to Revolutionize Tax Automation

Bysupport

HubSync, a leader in tax compliance and workflow automation, has secured over $100 million in strategic growth investment from Thoma Bravo. This funding will enhance product development, customer service, and growth in the tax and accounting sector. Founded in 2019, HubSync offers an all-in-one platform that streamlines workflows for CPA firms, resulting in a 744% revenue increase from 2020 to 2024. The company serves over 40% of the top 25 U.S. accounting firms. CEO John McGowan emphasized that the investment will accelerate innovation and expand their industry reach, positioning HubSync as a leader in tax software.

EBA Streamlines ICT Risk Management Requirements Under DORA: What You Need to Know

EBA Streamlines ICT Risk Management Requirements Under DORA: What You Need to Know

Bysupport

The European Banking Authority (EBA) has updated its Guidelines on ICT and security risk management to align with the Digital Operational Resilience Act (DORA), effective January 17, 2025. The revisions narrow the focus to credit institutions, payment institutions, and exempted entities, aiming to eliminate overlaps with existing regulations. Key changes include a streamlined approach to relationship management for payment service users and a refined scope that excludes certain payment service providers under the Payment Services Directive (PSD2). These updates reflect the evolving regulatory landscape as the financial sector prepares for DORA’s implementation.

Orion Security Secures $6M in Funding to Combat Data Leaks with AI-Driven Solutions

Orion Security Secures $6M in Funding to Combat Data Leaks with AI-Driven Solutions

Bysupport

Orion Security has successfully completed a $6 million Seed funding round to enhance its advanced data protection solutions against rising data breach threats, particularly from insiders. The funding, led by Pico Partners and FXP, with support from Underscore VC and cybersecurity experts, aims to bolster Orion’s AI-driven technology. This innovative approach differentiates normal workflows from potential threats by analyzing data movement anomalies. Orion’s upgraded Indicators of Leakage (IOL) engine leverages AI reasoning to minimize false positives and improve security monitoring. Co-founder Nitay Milner emphasizes the need for context in data protection tools to effectively combat data theft.

Red Oak Transforms Financial Connectivity: Acquires 4U Platform for Enhanced Compliance Solutions

Red Oak Transforms Financial Connectivity: Acquires 4U Platform for Enhanced Compliance Solutions

Bysupport

Red Oak Compliance has acquired 4U Platform to enhance content distribution, engagement, and analytics in the investment industry. This strategic acquisition positions Red Oak as the first provider of a Compliance Connectivity Platform, merging technologies to streamline marketing compliance workflows. Known for its AI-powered compliance tools, Red Oak aids investment firms in navigating regulatory approvals. The integration of 4U’s centralized library of pre-approved content aims to foster collaboration, improve regulatory workflows, and connect content delivery with compliance systems. The partnership is expected to revolutionize compliance and marketing processes, benefiting financial advisors and their clients.

Rain Secures $24.5 Million Funding to Accelerate Global Expansion of Stablecoin Card Services

Rain Secures $24.5 Million Funding to Accelerate Global Expansion of Stablecoin Card Services

Bysupport

Rain, a global card issuing platform for stablecoins, has raised $24.5 million in a funding round led by Norwest Venture Partners, alongside new investors like Galaxy Ventures and existing backers including Lightspeed Venture Partners. Founded in 2021, Rain provides physical and virtual payment cards linked to stablecoin balances, operating in over 100 countries. CEO Farooq Malik expressed excitement about the funding, which will enhance interoperability and expand their infrastructure. Industry expert Parker Barrile noted Rain’s leadership in stablecoin adoption amidst growing regulatory support. This funding positions Rain to strengthen its market presence in digital finance.

Leave a Reply

Your email address will not be published. Required fields are marked *