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ITA Pro Weekly, January 25, 2019

Bill Sinn | January 25, 2019

Blended IT Staffing Initiatives, Captricity is now Vivado, and more from ITA

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The Year of the Unicorn?

According to CB Insights, there are 308 private companies around the world valued at $1B+ as of 1/23/2019. These companies are collectively worth as much as $1,046B, and have raised a combined total of over $256B.

Last year, 111 new companies joined the global unicorn club — a 56% increase from the 71 new unicorns in 2017. You'll even find a couple of insurance-related companies listed.


CB Insights was able to map all of them on one infographic -- check out the names on their real-time unicorn tracker.

 
ITA Pro Magazine Coming to Your Inbox Soon

The January/February issue of ITA Pro
Magazine is in Final Production

 

We're putting the final touches on our January/February (digital-only) issue of ITA Pro magazine. It will be distributed to all ITA members shortly.

Here's a taste of what to expect:

  • Paul MacDonald loves brokers, and describes how Economical Insurance is redefining -- and enhancing -- their entire broker experience. (Hint: technology is a key factor.)
  • Marcus Curley describes IT transformation as "Stabilize, Standardize, Optimize." And that's exactly what his team is doing as they tackle a huge modernization project at Mountain West Farm Bureau.
  • Marcus Ryu is the well-known CEO of Guidewire Software. Join us for a candid conversation as he discusses his company's issues and challenges, and offers his thoughts on the customer experience and the speed of industry transformation.  

This is just a sampling of stories. You'll find a whole lot more packed in this upcoming issue...stay tuned.

 
Technology Trends and Tidbits
"Significant progress in digital transformation is being made in the commercial lines sector as companies move further along the implementation spectrum. In 2018, only 16% said their digital transformation was broadly underway. 2019 has more than doubled that number, as 34% expect to be in broad deployment."
 
Source: SMA Research Report - 2019 Strategic Initiatives: P&C Commercial Lines
 
More Deadline Extensions...
 

Deadlines Extended to February 15

  • Nominations for the ITA Bridge Award can now be submitted up to Friday, February 15, 2019. The ITA Bridge Award honors both insurance IT leaders and their business counterparts -- people who "bridge" the business and IT sides of their organization to create more efficient processes, implement cost-effective systems, develop streamlined operations, or just innovate or transform a particular business/IT area. Submit yours now at ITA Bridge Awards 2019.
  • Our early-bird registration fee of only $599 runs to Friday, February 15, 2019. This small fee covers all educational sessions, group activities, and meals, including the Sunday group dinner and cocktail party. Register now at ITA LIVE 2019.
 
BREAKING NEWS FROM THE INSURANCE INDUSTRY 
Click on the links below to get the latest news in the insurance marketplace:
 
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ELECTRONIC CHAT

The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.

ITA LIVE 2019

The tide is up! It's time to register for ITA LIVE 2019, our annual educational and networking conference! Our theme is "The InsurTech Revolution: Cutting Through the Hype." and we'll be bringing in a torrent of industry thought leaders, amazing insight and wonderful perspectives on the world of insurtech and its impact on the insurance landscape.

ITA LIVE 2019 will present real-life examples of true startup technologies that are helping insurers gain real advantage -- and a competitive edge -- in the marketplace. We’ll highlight the more successful InsurTech partnerships, while offering case studies that demonstrate exciting innovation and cutting-edge techniques impacting all aspects of the insurance ecosystem.

Ride the wave to LIVE 2019. Sign up today! We look forward to seeing you in May, 2019!

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