The Principal Financial Group Ranks #51 on 2013 InformationWeek 500
September 10, 2013 (Des Moines, Iowa) — The Principal Financial Group® today announced that it ranked #51 on this year's InformationWeek 500 — a list of the top technology innovators in the U.S. The full list is available at www.informationweek.com/500.
The Principal® broke through the top 100 after placing 159th in 2012. This is the company's 16th year on the InformationWeek 500 list.
"In an increasingly digital world, the need to use innovation to stay ahead of business trends is more important than ever," says Gary Scholten, senior vice president and chief information officer. "Recognition from InformationWeek speaks to the great work our IT and business professionals do every day to help our clients succeed."
Key contributors to the company's most recent InformationWeek recognition are implementation of pivotal components of:
- Accelerated underwriting process for life insurance business
- Release of a third party administrator (TPA) portal that extends internal business processes to TPAs
- Use of agile methodologies to deliver key releases of the eAdmin group benefits transaction automation system
"The theme of this year's InformationWeek 500 is digital business. It's a movement, rooted in data analytics, mobile computing, social networking and other customer-focused technologies that are turning companies and industries on their ear," said InformationWeek Editor In Chief Rob Preston. "Every enterprise is now a digital business — or needs to become one fast. The companies in our ranking are leading the way."
InformationWeek identifies and honors the nation's most innovative users of information technology with its annual InformationWeek 500 listing, and also tracks the technology, strategies, investments, and administrative practices of some of the best-known organizations in the country. Past overall winners include Beth Israel Deaconess Medical Center, PACCAR Inc., The Vanguard Group, CME Group, National Semiconductor, Con-Way, and Principal Financial Group. Unique among corporate rankings, the InformationWeek 500 spotlights the power of innovation in information technology.
Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.
For more news and insights from The Principal, connect with us on Twitter at http://twitter.com/ThePrincipal.
About the Principal Financial Group
The Principal Financial Group® (The Principal ®) is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $450.6 billion in assets under management and serves some 19.8 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
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