Murali Natarajan – West Bend Mutual Insurance

CIO ‘insures’ tech helps West Bend Mutual Insurance grow

When Murali Natarajan came to the U.S. for IT consulting assignments in 1994, he did not expect his work would become something bigger.

“I did not graduate college planning to work for an insurance company,” he says of the assignment at RLI Insurance Co. that proved to be a turning point in his life. Yet, nearly 25 years later, the insurance industry has provided him with a rewarding tech career that continues to challenge and excite him, he says.

Murali Natarajan - West Bend Mutual Insurance

Murali Natarajan | Senior Vice President and Chief Information Officer | West Bend Mutual Insurance

Now senior vice president and CIO at West Bend Mutual Insurance in West Bend, Wisconsin, Natarajan is responsible for creating and executing the technology vision and strategy for its various business units.

“My approach is as a business-first leader,” Natarajan says. “Running an IT shop is all about people and not just technology. It’s not just about cool things, it’s about how you get people energized to be a high-performing team capable of solving business problems by leveraging the right set of technologies.”

Know your business

Founded in 1894, West Bend offers personal and commercial lines of insurance covering homes, commercial property and vehicles as well as surety bonds. While employing more than 1,300 associates, the West Bend, Wisconsin, company also partners with 1,500 independent insurance agencies in 13 states.

Since he joined West Bend in May 2017, Natarajan has improved the link between IT and business operations by placing technology teams in each business unit. The teams still report to him, but he says they work very closely with the business units to understand and solve their challenges.

“Don’t align with the business. Be the business,” he summarizes.  “Think like a customer, act like an owner. This instills responsibility, pride in what we do and keeps us competitive in the marketplace.”

Access and oversight

Natarajan says his team is currently building a portal that enables customers to get quotes, self-service policy changes, e-sign agency contracts and chat with underwriters and service center staff. The platform could make operations more efficient in an industry with complex processes and enormous amounts of forms and paper, Natarajan says.

“Our IT strategy is to deliver technology solutions that make it easier for our customers to do business with us,” he adds, noting that while insurance is not a commodity product, it’s often bought like one.

Duck Creek Technologies provides the back-office system for West Bend’s insurance operations. Purpose built, it also improves IT’s time-to-market solutions and allows Natarajan and his team to take advantage of the latest innovations and digital disruptions, he says.

“Having the right solution that fits our environment is vital to our operations. There are variations to how you want to evaluate and price a risk and that is where an effective back-office system could make a significant difference,” he explains.

On top of keep the back-end system updated, Natarajan is building an analytics division. That’s because predictive analytics have significant potential to help with risk selection, identify fraud, understand customer loyalty and reduce operating expenses, he says. With all, he always strives to collaborate.

“When I say it’s a bottom-up approach, it’s still my responsibility to paint the picture of where we want to go and how I want the department to be,” he says. “I empower them to question each other in our meetings. Though there are very few times when I have to make the call—for the most part, it’s a collaborative decision.”

Three months … and counting

Born and raised in Chennai in southeastern India, Natarajan began his tech studies at Birla Institute of Technology and Science in Pilani, near New Delhi, and earned his degree in 1992. While working as a software engineer in New Delhi after graduating, he was offered the chance to go to the U.S. to work as a consultant. One such assignment brought him to RLI for a three-month engagement that turned into a 20-year tenure.

He started there as a technology specialist and later became director of applications development. In 2011 he became vice president of IT. One of his biggest achievements at RLI was launching the underwriting platform for its excess and surplus division that significantly improved operating efficiency, he says.

While at RLI, Natarajan continued his education, earning a master’s in computer information systems from Bradley University in 1999. In 2005, he earned his MBA from Bradley, as well. He completed the Wharton School Executive Development Program in 2014, and he’s a certified property and casualty underwriter and a certified information systems security professional.

Natajaran is also a board member of the Boys & Girls Clubs of Washington County, and with support from the West Bend Mutual Insurance Charitable Trust, he’s moving the technology operations of nonprofit organizations in Washington County to the cloud.

That’s not far off what he’s been looking to do at West Bend for nearly four years.

“My goal is to make West Bend a data-driven enterprise,” Natarajan says. “We’re a relationship-based company, but the relationship needs to be supported by solid data that helps us make better decisions in the future.”

Published on: April 29, 2021



Showcase your feature on your website with a custom “As Featured in Toggle” badge that links directly to your article!

Copy and paste this script into your page coding (ideally right before the closing tag) where you want to display our review banner.


Alliant is very pleased with our experience working with the TrueLine Publishing team. We were not only impressed with the caliber of the whitepaper that was produced, but with the level of attention from the team we partnered with. They were very detailed oriented and I appreciated their follow up. They even offered to refresh the article and invited Alliant to participate in some of the design features. It is without reservation that I highly recommend other businesses partnering with this publication and I look forward to an opportunity to work with them again in the future.
— Katie Patterson, Director of Marketing, Alliant Technologies


Spring I 2024



  • * We’ll never share your email or info with anyone.
  • This field is for validation purposes and should be left unchanged.