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UIC News Tips
University of Illinois at Chicago Office of Public Affairs (MC 288)
601 S. Morgan St., Chicago, IL 60607-7113, (312) 996-3456, www.uic.edu/depts/paff

April 5, 2001 Contact: Jeffron Boynés (312) 413-8702; jboynes@uic.edu


Insurance executives will meet April 20 to discuss how new business models called business webs are revolutionizing the industry at a breakfast hosted by the University of Illinois at Chicago.

The breakfast seminar, "Creating a Sustainable Competitive Advantage in the Insurance Industry," is scheduled to begin at 7:30 a.m. in the Metropolitan Club in Sears Tower, 233 S. Wacker Drive. The event, sponsored by UIC's Professional Development Programs, is open to invited guests and the media.

Topics and presenters include:

  • "Welcome: An Insurance Executive's Perspective." Joel Warady, UIC Professional Development Programs lecturer and president and CEO of CP²-a Chicago-based consumer products distribution start-up
  • "The Power of Business Webs." Michael Conlin, partner, Digital 4Sight, an e-business strategy consulting firm and center of thought leadership focused on achieving competitive advantage in the digital economy
  • "Dynamic Web Infrastructure: Value for the Insurance Enterprise." Brad Murphy, CEO, digitalESP, which engineers business web solutions

As companies move forward with their digital strategies, business webs may prove to be an integral part of a their success. Business webs allow customer-focused companies to collaborate with their suppliers, distributors and customers to improve performance through information sharing, says Warady, who is also an e-business consultant.

"The insurance industry is unique in that insurance companies have a potential one-to-one relationship with millions of policyholders, while concurrently maintaining a customer relationship with the insurance agents and agencies who sell the policies," explained Warady, a former insurance sales executive. "With over 400 insurance companies headquartered in Illinois, UIC's Professional Development Programs, along with digitalESP, felt it appropriate to focus its first breakfast seminar on this dynamic business segment."

Attendees will be eligible for several giveaways of business web workshops led by senior executives as well as complimentary copies of Digital 4Sight chairman Don Tapscott's latest book, "Digital Capital."

The breakfast is co-hosted by the UIC Center for Research in Information Management, Digital 4Sight and digitalESP. For more information, call 800-789-6595, ext. 8947 or visit www.uic.edu/cba/pdp/breakfast

- UIC -

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