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Visioning, Setting Scope, and Execution Planning Critical for Successful Digital Strategies, Says Novarica

Staff Writer | August 01, 2018

Significant gaps exist between insurers' current digital capabilities and the expectations of the marketplace. To remain competitive, carriers must develop digital strategies to re-align their organizations, focus their IT investments, and guide them through the numerous decisions required across digitization efforts. In a new brief, Insurance Digital Strategy: Key Issues and Best Practices, research and advisory firm Novarica explores best practices digital leaders leverage to effectively shape their digital strategies. 

"Good strategies fail without proper execution. Novarica has found that carriers who effectively implement digital strategies do three things well," said Chuck Ruzicka, Vice President of Research and Consulting, and author of the report. "First, they put in place a governance process with well-defined accountabilities to prioritize and manage digital investments. They then refine their application and process architectures to support digital capabilities and enable adaptability. Lastly, they foster a more innovative and entrepreneurial culture."


A preview of the brief is available online at, and desk copies of the report are available to qualified media. Please contact or call Victoria Spitz at 617-897-1921 for more information.

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