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  • INN: How Outsourcing is Helping RSA Upgrade

    INN: How Outsourcing is Helping RSA Upgrade
    - Novarica
    According to Novarica’s recent “IT Outsourcing Update,” an increasing number of insurers are looking to outsourcing to help manage costs while upgrading technology environments. European insurer RSA is following the outsourcing blueprint closely. The company recently extended its business process outsourcing (BPO) agreement with Accenture through 2021 and inked a seven-year IT infrastructure deal with Wipro, an industry tech provider.
  • IIR: Buy vs Rent: Insurers Make Progress on Cloud/SaaS for Core Systems

    IIR:  Buy vs Rent: Insurers Make Progress on Cloud/SaaS for Core Systems
    - Chuck Ruzicka
    A Novarica study finds that while struggling to quantify ROI, insurers are nevertheless overcoming concerns about security and other considerations to embrace cloud delivery of core systems.
  • IJ: AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture

    IJ: AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture
    - Novarica
    American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to create a technology-enabled insurance platform for sales to the small to medium-sized enterprise (SME) market.
  • INN: 10-Point Checklist for Insurance Cloud Success

    INN: 10-Point Checklist for Insurance Cloud Success
    - Tom Benton
    Despite early trepidation by the industry around putting core systems in the cloud, 85% of insurers who have launched SaaS-based core applications say it’s been a net positive. That’s according to the “Cloud/SaaS in Insurance Core Applications” research released this week by insurance technology analyst firm Novarica. Report authors Chuck Ruzicka and Tom Benton outline a 10-point checklist to ensure that if your insurance company goes down this path, you enjoy success as well.
  • Insurance News Net: Advisors: Get Ready for DOL-Related Technology

    Insurance News Net: Advisors: Get Ready for DOL-Related Technology
    - Tom Benton
    Agents and advisors can expect life insurance carriers to begin to tweak and adjust technology systems to comply with the Department of Labor’s new fiduciary rule by the end of the summer or early in the fall, a consultant said.
  • Insurance News Net: Midland National Releases E-Apps for Annuities, IUL

    Insurance News Net: Midland National Releases E-Apps for Annuities, IUL
    - Novarica
    Midland National Life Insurance, a top seller of annuities, has released an electronic application for annuities that will allow agents and financial professionals to submit annuity applications online. More annuity carriers are slowly adopting “e-apps,” which make the annuity submission process faster and more efficient.
  • Tata Consultancy Services: Legacy Modernization’s Unanticipated Cost

    Tata Consultancy Services: Legacy Modernization’s Unanticipated Cost
    - Matthew Joesfowicz
    It’s unlikely anyone needs convincing about the importance of legacy modernization. After all, modern core systems are the foundation for everything digital, customer focused and innovative you must do to compete and grow in an increasingly hyper-connected world. Yet many insurers continue to avoid modernization.
  • IIR: Apax Partners to Acquire Majority Stake in Accenture Duck Creek

    IIR:  Apax Partners to Acquire Majority Stake in Accenture Duck Creek
    - Matthew Josefowicz
    The firms characterize the deal as an joint venture that will function indepenently to accelerate the innovation of claims, billing and policy administration software.
  • Actuaries, Data Scientists at Odds: Novarica

    Actuaries, Data Scientists at Odds: Novarica
    - Novarica
    With roughly one-in-three insurance companies expanding or piloting data science units in 2016, they may be facing an unanticipated problem—friction between their actuaries and data scientists, according to a research firm.
  • INN: 6 IoT Applications Insurers are Exploring

    INN: 6 IoT Applications Insurers are Exploring
    - Tom Benton
    In its latest executive brief, Internet of Things, Wearables, and Insurance Customer Experience, Novarica VPs Tom Benton and Chuck Ruzicka take a look at the landscape around next generation technologies in insurance.
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