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Novarica Bylines

  • INN: How to Choose a Digital Claims Solution

    INN: How to Choose a Digital Claims Solution
    - Mitch Wein
    Long considered laggards in the digital economy, the insurance industry is beginning to make up for lost time.
  • Heller: A Fork in the Road for CIOs

    Heller: A Fork in the Road for CIOs
    - Frank Petersmark
    While the gap in the working relationship between CIOs and their corporate boards remains wide, now is the time for this collaboration to be taken to a new level.
  • INN: 8 Tech Challenges and Opportunities in Commercial Lines

    INN: 8 Tech Challenges and Opportunities in Commercial Lines
    - Martina Conlon
    Novarica recently held a meeting of the Commercial Lines Special Interest Group in Worcester, Mass. Twelve carrier participants joined the session, which was generously hosted by Hanover Insurance Group. The meeting made for lively discussion around the key challenges, issues, and opportunities facing commercial lines carriers.
  • INN: Insurers Would Benefit from More IT Spending: Novarica

    INN: Insurers Would Benefit from More IT Spending: Novarica
    - Matthew Josefowicz
    As insurers devote funds to startup partnerships and new technologies poised to disrupt the industry, IT budgets remain consistent—but whether that’s a good thing is a matter of perspective.
  • AMBest: Novarica’s Goldberg: Advances in Predictive Analytics a Mixed Blessing

    AMBest: Novarica’s Goldberg: Advances in Predictive Analytics a Mixed Blessing
    - Jeff Goldberg

    Jeff Goldberg, vice president, research and consulting, Novarica, said predictive analytics allow insurers to better underwrite individual risks but could ultimately undermine the traditional business model of spreading risks over larger populations.

  • INN: Google Ready for a Second Pass at Insurance?

    INN: Google Ready for a Second Pass at Insurance?
    - Matthew Josefowicz
    Google is once again exploring the periphery of the insurance industry, according to a recent Reuters report.
  • INN: How to Define Insurance IT Success

    INN: How to Define Insurance IT Success
    - Chuck Ruzicka
    It can be difficult for teams to operationalize vision statements. Just as agile development teams have found that acceptance criteria can help to define requirements and guide development, success measures can help to define visions and guide decision making critical to the overall success of these projects.
  • INN: Customers Sour on Insurers’ UBI Discount Model

    INN: Customers Sour on Insurers’ UBI Discount Model
    - Thuy Osman
    Insurance companies’ heavy reliance on the popular premium discount model is hindering progress of the usage-based insurance market in the U.S., according to a new study by Novarica.
  • Claims Journal: Commercial Lines Insurers Investing in Tech for Claims, Underwriting Data

    Claims Journal: Commercial Lines Insurers Investing in Tech for Claims, Underwriting Data
    - Novarica
    Technology investments to support data initiatives are increasingly important as commercial lines insurers look to leverage data from a wider variety of sources. According to a new report released by Novarica, predictive analytics, third-party data and multidimensional data are being leveraged by carriers to improve claims handling and underwriting discipline.
  • INN: Core System Replacements: What is Your Vision?

    INN: Core System Replacements: What is Your Vision?
    - Chuck Ruzicka
    Vision statements and related success criteria significantly increase the success of core system replacement projects. Do you have one? How well is it understood? Is it accepted by the team and by the company or dismissed as unrealistic? These questions should be asked by the people responsible for driving organizational change related to a program.