“Today’s new technologies are tomorrow’s basic capabilities.
Insurers may perform “innovation theater” but many are unlikely to be prepared when the next decade of change sneaks up on them.
Long considered laggards in the digital economy, the insurance industry is beginning to make up for lost time.
Large commercial retail brokers and specialty/large commercial carriers rely on technology to do their heavy lifting.
Novarica and the IoTinsObs are collaborating on the profitable adoption of IoT and telematics in the North American insurance industry, combining their joint expertise in market, operational, and technology issues related to leveraging these new technologies.
IT is the largest single expense area for insurers besides claims and commissions.