Novarica’s 3rd annual study reveals areas poised for growth
Boston, MA (Jan. 7, 2016) – Although insurers continue to struggle with legacy systems, many are also deploying newer technologies. According to the 3rd annual emerging technology report by research and advisory firm Novarica, more than half of insurers have deployed some cloud-based systems, and the number using big data technologies has doubled since 2014.
Novarica’s latest report, ‘Hot Topics’ for Insurers: Social, Mobile, Analytics, Big Data, Cloud, and Digital, is based on a survey of more than 100 insurer CIOs, and tracks deployments in six key technology areas: social, mobile, analytics, big data, cloud, and digital.
“These six are often lumped together as ’emerging technology areas’ by insurers, although they share little else in common,” said Matthew Josefowicz, President and CEO of Novarica. “They cross consumer media and communications (social), technology platforms (mobile and cloud), tools (analytics some parts of big data), and strategy (digital). But they all enable potentially disruptive changes in insurance value chain.”
Deployment of hot topic areas for insurers, 2014-16 (Novarica Surveys of Inrurer CIOs 2015Q4 & 2013Q4)
Mr. Josefowicz will also be presenting this report in a complimentary webinar on January 20, 2016 at 12 PM ET. Interested attendees can pre-register here.
Novarica helps more than 80 insurers make better decisions about technology projects and strategy through retained advisory services, published research, and strategy consulting. Its clients include more than 80 property/casualty and life/annuity insurers. Its knowledge base covers trends, benchmarks, best practices, case studies, and vendor solutions. Leveraging the expertise of its senior team and of nearly 400 CIO Research Council members, Novarica provides clients with the ability to make faster, better, more informed decisions. Its consulting services focus on vendor selection, custom benchmarking, project checkpoints, and IT strategy. More information at www.novarica.com.