BLOGS

INSIGHTS

BLOGS

Filter By:
E.g., 2024-04-19
E.g., 2024-04-19
September 14, 2021
There is more data about consumers available today than ever before. But data scientists should be wary about a growing subset of the population for whom little data exists—this segment with no data can deceptively skew AI-based models in ways that may be difficult to uncover. Insurers have become more sophisticated in customer data enrichment and the AI-powered analysis of this data to build...
Read Full Post
June 10, 2021
Written by Leslie Parrish and Tiffani Montez Even lenders with significant digital mortgage lending capabilities will tell you that attracting a potential borrower and moving them through the homeownership journey from loan application to closing is a significant time investment. Lenders face challenges in retaining borrowers throughout the homebuying journey and later when that customer wants...
Read Full Post
Leslie Parrish
June 9, 2021
Novarica recently conducted a study of our 400 Under 40 Young Agent community, and my colleague Emerson Davis and I had the opportunity to speak with a number of these agents at a virtual roundtable discussion last week. We are grateful to Carlos Camacho, Josh Brown, Andrew McCarthy, Austin Bolt, Vaughn Costello, Jeremy Chase, Patience Noah, Brad Christian, Hayden Musgrove,...
Read Full Post
June 7, 2021
Insurers want to increase brand name recognition in their target markets. Some are focusing on creating relevant content that supports the producers when selling. Others are considering advertising directly to consumers to support independent distribution. Insurers have to be careful not to alienate their agents by advertising directly to consumers. Still, many agents, it seems, agree that...
Read Full Post
May 24, 2021
For insurers, trying to improve customer experience often involves engineering a consistent brand message that engages consumers. Novarica’s recent report CX Technology in Insurance outlines the many tools insurers can deploy in order to accomplish this. The diversity of solution options, however, can make it challenging to organize their deployment in a consistent, systematic...
Read Full Post
May 14, 2021
As interest rates stay low and competition for customers stays high, life and annuity insurers are focusing on improving digital customer experiences and the speed of new business processes. Insurers are mindful of the importance of deploying capabilities that can support multiple distribution channels and leveraging key components to provide holistic, unified experiences. These factors...
Read Full Post
Tom Benton
March 18, 2021
As we put together our latest CRM Market Navigator, we were struck by the unexpected diversity of tools that called themselves “CRM.” Such tools included communications platforms, email automation tools, contact management systems, digital experience personalization systems, agency management systems, and even email servers with alerting and contact lists. We decided to focus on what we...
Read Full Post
March 11, 2021
Increased competition, changing consumer expectations, and technology are transforming insurance marketing. As the pandemic continues, traditional insurers are investing in IT, digital, and Agile operations. These changes are likely to be with us long after the pandemic fades and we adapt to a new operating model—likely something very different than what we remember from 2019. Several...
Read Full Post
Robert McIsaac
March 4, 2021
Agency management systems (AMS) are central to an agency: they help agents sell insurance, serve clients, and manage their operations. Several vendors offer software to help meet agent needs. Some offer broad suite capabilities; others are pure-play AMS solutions. Larger distribution software vendors are actively acquiring systems, diversifying feature sets, and enriching the system...
Read Full Post
March 3, 2021
Consumer lenders face considerable challenges making loan decisions in this volatile and uncertain economic environment. While traditional credit data is certainly foundational in assessing creditworthiness, other sources can provide critical real-time insights that this data lacks. In a recent Aite Group survey, nearly half (48%) of consumer lenders indicated that they are somewhat less or far...
Read Full Post
Leslie Parrish

HOW CAN WE HELP?

If you have a question specific to your industry, speak with our experts.  Call us today to learn about the benefits of becoming a client.

Receive email updates relevant to you. Subscribe to entire practices or to selected topics within practices.