|By Business Wire||
|May 1, 2014 12:30 PM EDT||
More than 70 senior IT executives from a broad range of insurers including AFLAC, Great American, NY Life, The Hartford, and dozens of others joined the Novarica Insurance Technology Research Council annual meeting today to discuss trends and issues facing insurers in a world of accelerated technology change, including big data and analytics, core systems strategy, innovation, and meeting changing customer expectations.
Research Council Impact Award Nominees
The Novarica Research Council also announced the nominees for its annual Impact Awards. These nominees were chosen by a committee of CIO council members from more than 30 submitted case studies. Nominees included:
- AIG, for its global extended warranty system (transformation project)
- Amica, for adopting DevOps (new practice)
- Brickstreet Mutual, for adopting Agile development (new practice)
- Encompass, for re-engineering its agent portal (expansion project)
- Foresters, for transforming its new business and core systems (transformation project)
- ICW, for its portal and underwriting workstation (expansion project)
- Legal & General of America, for e-delivery of policies (quick hit project)
- Liberty International, for rapid PAS deployment (quick hit project)
- Patriot National, for total legacy replacement (transformation project)
- Penn Mutual, for its Data as a Platform initiative (transformation project)
- Tokio Marine North America, for its pricing and portfolio analytics initiative (expansion project)
- Women’s Life, for its rapid new business system deployment (quick hit project)
The nominated case studies appear in Novarica’s annual Best Practices Case Study Compendium, which will be published next week at www.novarica.com/compendium2014.
The more than 300 members of the Council will now have two months to select the winners. The Novarica Research Council Impact Awards are the only purely peer-juried awards for insurer technology initiatives. Winners will be announced at an event in NYC on August 13 (details at www.novarica.com/impact2014/)
New Principal: Jeff Goldberg
Also at the Council meeting today, Novarica announced that Jeff Goldberg will be joining the team as a Principal this summer. Mr. Goldberg’s expertise includes data warehousing and analysis, policy administration, document automation, e-commerce, SaaS and cloud computing, and scalability and technology infrastructure. His experience includes roles as a senior analyst in Celent’s insurance practice; Vice President of Internet Technology for Marsh Inc.; Director of Web Technology for Harleysville Insurance; software developer at Microsoft contributing to research on XML standards and defining the .Net framework; and many years of consulting as a software developer to a wide range of insurers. Most recently Jeff founded and sold a SaaS data analysis company. Mr. Goldberg has a BSE in computer science from Princeton University and an MFA from the New School in New York.
Recent Novarica Expansion: Client Base Surpasses 70 insurers, UK/London Market Presence
Novarica recently announced that its insurer client base had grown to more than 70 insurers (representing more than 25% of Fortune 500 insurers) and its recent expansion into the UK with the addition of Catherine Stagg-Macey as associate research director for UK/Europe.
Novarica provides information, insights, and perspective on markets, operations, and technology to property/casualty and life/annuity insurers through published research, retained advisory services, and strategy consulting. Novarica draws its knowledge from the personal experience of its principals, extensive primary research with consumers, ongoing information gathering initiatives of dedicated research staff, and regular communication with insurer executives through informal networks and formal groups of executives like the Novarica Insurance Technology Research Council. Novarica is a division of Novantas, Inc., the leading management consultancy and information services provider for the financial services industries. www.novarica.com
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