Guiewire Feb 2018 TL
Follow Us
ITA MEMBERSHIP

INSURANCE TECHNOLOGY NEWS

INSURANCE TECHNOLOGY NEWS

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  https://www.novarica.com/insurance-digital-strategy-key-issues-and-best-practices/, and desk copies of the report are available to qualified media. Please contact media@novarica.com or call Victoria Spitz at 617-897-1921 for more information.


Featured articles

Guidewire Feb 2018 MR

DTPH MR

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!

BLOGS AND COLUMNS

only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News