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E.g., 2022-12-01
October 25, 2022
Core system technology projects are among the most risky, complex, and expensive efforts insurer IT teams can undertake. The core policy system is at the center of an insurer’s business, so it’s critical to get it right. Examples of successful projects are invaluable as roadmaps to follow. Aite-Novarica Group’s Insurance Technology Impact Awards exist for just this reason: to create clear...
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August 18, 2022
Insurer IT practice initiatives innovate at the organizational level. By their nature, they’re broader than digital, data, or core projects. Examples can include investments in infrastructure or workflow that enable new capabilities, organizational learning programs to standardize onboarding and training, or high school and college internship partner programs that cultivate new talent. Aite-...
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August 15, 2022
Aite-Novarica Group’s eleventh annual Insurance Technology Impact Awards program reviewed 65 examples of insurer IT initiatives that delivered real business impact. On Thursday, July 28, I hosted the Insurance Technology Impact Awards Winner Panel: Data Initiatives, featuring three case studies of exceptional data and analytics projects that had business impact. Panelists representing the...
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August 8, 2022
Successful insurer data and analytics projects allow insights to be more easily, and more broadly, available across the organization. Data initiatives also allow insurers to manage risk better by using analytics and to sell more by enabling automated decisioning and straight-through processing. Aite-Novarica Group’s 11th annual Insurance Technology Impact Awards on data initiatives include 17...
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July 22, 2022
Core systems projects create strategic capabilities that can open new opportunities for insurers and allow them to achieve long-term goals. As digital and data become more critical to insurer operations, agile and responsive core systems are increasingly required across all functional areas. Aite-Novarica Group’s 11th annual Insurance Impact Awards program features 65 examples of insurer IT...
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July 12, 2022
Insurer technology projects that deal with digital are fundamentally about the access and flow of information through the insurance value chain, from carriers to agents and policyholders or reinsurers. These efforts can range from channel enablement to user experience improvements. Digital remains a key area of focus for insurers looking for ways to increase efficiency and improve agent and...
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November 29, 2021
Insurer budgets and priorities for 2022 look like those of prior years, but they also reflect adjustments to competitive and market changes the pandemic has brought. In most cases, insurers are adapting by placing additional focus on things that have been priorities for a long time. I recently had the opportunity to emcee an Insurer Client Virtual Panel webinar session to present findings from...
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November 18, 2021
Recently, the Biden administration released a summary of its new rules for vaccination and testing at businesses with more than 100 employees. This new rule was previously announced in early September and is being implemented as an Emergency Temporary Standard (ETS) under the purview of the Occupational Safety and Health Administration (OSHA). The ETS indicates that employers must comply with...
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October 21, 2021
During last week’s Client and Council Member Virtual Panel, Aite-Novarica Group Head of Life Insurance, Annuities, and Benefits Rob McIsaac and I were joined by four winners from this year’s Research Council Impact Awards. Each of our panelists was the leader of an insurance technology project recognized by ANG’s Insurance Technology Research Council as exemplary in generating real business...
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September 22, 2021
As the delta variant has contributed to rising COVID-19 cases in many regions of the country, insurers have been delaying or redesigning their return-to-office (RTO) plans. Those plans must now change further to take a new factor into account: vaccinations. On September 9, the Biden Administration announced that all businesses with 100 or more employees must ensure that their workers are...
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