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

MT RHS Rotating 4 10 2018

Hyland RHS 9 7 2018

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.

WEB EVENTS

ITA is pleased to present the 2014 Webinar Series. We have many topics for you to choose from and attendance is open to all ITA members. The webinar topics are current and exciting — ranging from predictive analytics to telematics and will focus on the direction insurance carriers need to follow for the future. All webinars are presented by insurance IT professionals along with some of the leading analysts and consultants in the field. There is no cost to attend an ITA webinar. For more information and to register for the webinar, click the “title” of the webinar below.

BLOGS AND COLUMNS

only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News