March 2016 - While many leading insurers may have adopted the practice of referring to themselves as “technology companies that sell insurance,” few insurers’ corporate boards have the expertise or structure to ensure that technology is being managed strategically. This has led to a board governance structure that manages technology as if it were a risk, rather than a potential competitive advantage. Insurers need to consider adding technology experience to their boards and establishing board level technology committees.

Table of Contents

• Introduction...............................................................3
• Boards and CIOs Today......................................4
• Boards and Technology Knowledge.........5
• Forming a Technology Committee.............6
• Concluding Thoughts..........................................9
• Next Steps and Related Research..............9
• About Novarica........................................................9