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E.g., 2022-08-12
E.g., 2022-08-12
August 3, 2022
Personal lines carriers have been through tremendous upheaval in the last two years. The pandemic forced many carriers to return premium and implement new digital processes as the country went into shutdown. 2021 brought a different set of challenges. Exploding housing and auto markets dramatically increased exposures while supply chain issues and resource shortages fueled rising loss costs....
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February 9, 2022
Over the past two years, I’ve witnessed widespread adoption of Agile and DevOps across the insurance industry. Combining Agile and DevOps can result in a powerful capacity to efficiently deliver business capabilities. That being said, pitfalls and challenges can impede your organization’s path to successfully implementing the Agile methodology. Clearly defining each individual’s responsibilities...
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November 4, 2021
Mentorships can yield various benefits on both sides: having others to advocate for your career, opportunities for reflection and growth, and hearing unique perspectives from people with different life experiences. It’s also rewarding to be involved in a relationship that sets aside time for growth and development rather than day-to-day tasks at work or around the house. I recently hosted the...
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October 27, 2021
Workers’ compensation insurers are delivering innovative solutions despite the highly regulated nature of the business line. They are investing in capabilities to improve the ease of doing business for insureds, agents, and brokers and mitigate loss costs that continue to rise due to medical inflation. Core systems transformation, portals, and the expansion of predictive analytics are key to both...
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September 13, 2021
The prospect of answering a simple yes-or-no question becomes a lot more complex when you add compassion, guilt, accountability, fear, and self-discipline into the mix. Workplace requests can generate feelings of personal accountability in women. However, you could end up overcommitting or even burning out when you don’t say “no” in situations you know you should. Last week, I hosted the 17th...
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July 15, 2021
Interest in policy administration system replacement remains strong at life and annuity insurers. Policy admin replacement was high priority in Novarica’s Insurer IT Budgets and Projects 2021 report: 31% of large and 42% of midsize life/annuity/benefits (L/A/B) insurers reported plans to start or continue replacement projects in 2021 or make major enhancements to their policy...
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July 12, 2021
Becoming a leader is a career-long journey. Some may think the path to leadership is linear, but it can take upward, horizontal, or even cyclical trajectories. Women can be leading individuals, teams, or entire organizations as they progress through the four phases of emerging, developing, guiding, and strategic leadership. Last week, I hosted the fifteenth Virtual Meeting of the Novarica...
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June 22, 2021
The ability to roll out new annuities products, pricing, and product changes rapidly in response to market conditions is vital for growing revenue and market share. Economic uncertainty from COVID-19 only increases the importance of launching new products rapidly. Addressing the needs and aspirations of potential consumers and producers that came of age in the 21st century will be critical...
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April 13, 2021
In the Agile world, the minimum viable product (MVP) represents a departure from defining all functions and features upfront regardless of business value. The “viable” in “minimum viable product” means that MVPs must deliver business value. The scale of business value may evolve from a small number of users and features to a wider set, but business value must be delivered from the start....
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April 9, 2021
The expansion of Agile capabilities continues to be top of mind for insurer CIOs. As more insurers adopt a minimum viable product (MVP) approach in a bid to accelerate the delivery of key technology capabilities, successful implementation of Agile at scale is essential. Last week, I hosted the 12th Virtual Meeting of the Novarica Women’s Network on the topic of the Agile advantage. Our...
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