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  • Property Casualty 360: 7 ways to improve insurance industry IT recruitment

    Property Casualty 360: 7 ways to improve insurance industry IT recruitment
    - Rob McIsaac
    “Many organizations are not ready to meet the demands of a highly-skilled millennial workforce,” Rob McIsaac, Senior Vice President of Research and Consulting at Novarica and co-author of the report, said. “They continue to employ management practices that were perfected in a different time, with a different labor force, with a different set of priorities and expectations.”
  • Dig-In – Insurers still largely unclear of ROI from innovation efforts

    Dig-In – Insurers still largely unclear of ROI from innovation efforts
    - Rob McIsaac
    “There are very real actions companies can take to make innovation real, but it is not something that typically happens when the tasked resources are doing it as an adjunct to their day jobs,” Rob McIsaac, SVP of Research and Consulting at Novarica, says. “Innovation in the truest sense of the word requires a top of the organization commitment to fund and nurture it … and to battle corporate cultures which can act as an enterprise immune system that functions to snuff out things which are perceived to be threats to the status quo.”
  • Dig-In – Machine learning: The next step for insurance analytics

    Dig-In – Machine learning: The next step for insurance analytics
    - Jeff Goldberg
    “If your competitors aren’t doing it you’re fine – but as soon as your competitor starts using a different tool or model, you start suffering adverse selection,” Novarica’s Jeff Goldberg, SVP of Research and Consulting, explains. “We’ve been going through that with predictive analytics, and we’ll get to the point where we are with machine learning and AI too.”
  • Financial Advisor: Insurers Stay On Green Path Despite Trump Policy Changes

    Financial Advisor: Insurers Stay On Green Path Despite Trump Policy Changes
    - Matthew Josefowicz
    “While environmental performance will probably be less important to the federal government, it may continue to be important both to consumers, especially millennials, and to specific state governments, such as California, where there are very stringent environmental regulations and for good reason,” said Matthew Josefowicz, president and founder of Novarica, an insurance research company.
  • ITL: A Trip Through Silicon Valley

    ITL: A Trip Through Silicon Valley
    - Rob McIsaac
    Insurers may face “death by a thousand cuts”–not unlike what banking faced as fintech disrupted all parts of the value chain at once.
  • ITL: IT Security: A Major Threat for Insurers

    ITL: IT Security: A Major Threat for Insurers
    - Mitch Wein
    IT security is still a low priority for CIOs and mid-level managers. Less than 10% of an insurer’s IT budget is typically focused on security.
  • ITL: Why CIOs’ Heads Are on a Swivel

    ITL: Why CIOs’ Heads Are on a Swivel
    - Rob McIsaac
    Disruption is now coming from multiple directions simultaneously; in a study, CIOs describe how they are reacting.
  • Canadian Underwriter: Reinsurers face challenging market conditions, technology to play important role: Novarica

    Canadian Underwriter: Reinsurers face challenging market conditions, technology to play important role: Novarica
    - Mitch Wein
    Reinsurers can expect huge losses from man-made and natural catastrophes, open-ended liabilities like asbestos and terrorism, and developing creative technology solutions to become increasingly important in future, Novarica notes in a new report.
  • Yahoo Finance: Insurity Acquires Valen Analytics

    Yahoo Finance: Insurity Acquires Valen Analytics
    - Matthew Josefowicz
    “Recent Novarica research shows that more than half of insurers are using real-time scoring today, and more than a quarter are planning pilot programs this year. Solutions like Valen that unite insurance data and proven analytic models are likely to be in high demand. This acquisition adds a new cloud-based component which can cross Insurity’s broad portfolio of core systems and enterprise data offerings,” said Matthew Josefowicz, president/CEO of Novarica.
  • A.M. Best: Analytics Arms Dealers and Beneficial Bots: A Review of Insurtech

    A.M. Best: Analytics Arms Dealers and Beneficial Bots: A Review of Insurtech
    - Jeff Goldberg
    Jeff Goldberg, senior vice president, Novarica, explains the companies and categories of startups seeking to remake or disrupt the traditional insurance industry.