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  • Why Insurance M&A and Venture Capital Activity is Heating Up

    Why Insurance M&A and Venture Capital Activity is Heating Up
    - Matthew Josefowicz

    With investor money flooding the insurance technology sector and tech company M&A activity at a fever pitch, Novarica has published two new reports: “Insurance Software M&A Update 2015 Q2” and “Insurer Accelerators and VC Funds: Buying Innovation”.

  • The 6 biggest announcements from life and health insurers this week

    The 6 biggest announcements from life and health insurers this week
    - Novarica

    IT initiatives ranging from portal projects and data import capabilities to the adoption of testing centers of excellence and total core systems replacements were among the 14 case studies nominated for their demonstrable business impact by a group of insurer CIO members of the Novarica Insurance Technology Research Council.

  • Insurers Launching Their Own VC Funds Need High Risk Tolerance: Novarica

    Insurers Launching Their Own VC Funds Need High Risk Tolerance: Novarica
    - Novarica

    In small but growing numbers, property/casualty and other insurers are launching in-house insurer accelerators or venture capital funds. Carriers must be clear on their ultimate goal and risk tolerance with these tools for innovation before they choose either path, Novarica said in a new report.

  • Oceanwide Acquisition Gains Insurity Cloud, Configuration Capabilities

    Oceanwide Acquisition Gains Insurity Cloud, Configuration Capabilities
    - Matthew Josefowicz

    The deal exemplifies a hot M&A market driven by an abundance of private equity and venture capital flowing into the insurance technology space.

  • Homesite Revamps Claims with Innovation Group

    Homesite Revamps Claims with Innovation Group
    - Novarica

    New claims system is intended to automate workflows, improve user experience and offer analytics around fraud and profitability.

  • Why Insurers Should Care About Vendor Merger Mania

    Why Insurers Should Care About Vendor Merger Mania
    - Matthew Josefowicz

    With 10 notable mergers in the insurance IT space so far this year, carriers need to look for signs of stability in tech partners, industry observers say.

  • Homesite Insurance Modernizes Claims Capabilities with Innovation Group Solution

    Homesite Insurance Modernizes Claims Capabilities with Innovation Group Solution
    - Novarica

    The Insurer Claims software, which has been launched as the Homesite Claims Management System, will enable the carrier to provide better customer service with technology better aligned to its enterprise architectural vision.

  • Insurity Acquires Oceanwide

    Insurity Acquires Oceanwide
    - Matthew Josefowicz

    Insurity, Inc., a provider of core insurance processing and data integration and analysis solutions, today announced its acquisition of Montreal, Quebec based insurance software firm Oceanwide, Inc. (Oceanwide).

  • Novarica CEO: Analytics Moving Risk Selection Into Marketing

    Novarica CEO: Analytics Moving Risk Selection Into Marketing
    - Matthew Josefowicz

    Matt Josefowicz, CEO of Novarica, said improving use of data and analytics will allow insurers to know enough about prospects to help insurers choose better underwriting risks in advance, reducing rejections.

  • Insurers See Big Data Replacing Enterprise Warehousing

    Insurers See Big Data Replacing Enterprise Warehousing
    - Jeff Goldberg

    At our 8th annual Novarica Insurance Technology Research Council Meeting, we had some great conversations about data, both as part of the formal event agenda and also via informal discussions during breaks or meals.

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