BLOGS

Women continue to be underrepresented at all corporate levels despite a high level of ambition and elbow grease, though numbers are increasing. More hiring managers need to practice conscious inclusion, i.e., the act of seeking out, supporting, and retaining female talent to help increase the representation of women at all levels. Many young female professionals do not have the benefit of...

The Federal Reserve’s sharp cuts to interest rates mean that returns on the underlying investment accounts of fixed annuities are also greatly reduced. Insurers are shifting their product mix from fixed annuities back to variable annuities, especially structured variable annuities that offer better performance caps and upside potential. They have restricted the sales of some products and have...

On May 21, Novarica facilitated our virtual Special Interest Group meeting focused on P/C claims. The session highlighted a variety of topics, from the impact of COVID-19 on claims departments to realizing operational efficiencies both from the human standpoint and with any tools and capabilities. Some of the primary takeaways are below: COVID-19 and Its Effect on P/C Claims Due to the...

In the last couple of years, insurance organizations have added new C-level titles, including chief data officer and chief digital officer. With technology and business transformation efforts being led by their peers, the CIO’s role was becoming murky. The COVID-19 crisis has brought CIOs back to the forefront as the “go-to” person on the executive leadership team. Barriers to transforming...