Novarica News
Actuaries, Data Scientists at Odds: Novarica
With roughly one-in-three insurance companies expanding or piloting data science units in 2016, they may be facing an unanticipated problem—friction between their actuaries and data scientists, ...
Chubb Forms North America Small Commercial Insurance Arm
Chubb has launched its North America Small Commercial Insurance division, a targeted effort to reach a market segment where industry observers see big growth potential. Today's Chubb is the product ...
Board Tech Inexperience Hampers Insurer IT Embrace: Novarica
Insurers speak loudly these days about embracing information technology as a tool to help grow their businesses. It turns out, however, that there is a disconnect: Their boards of directors are often ...
Mid-Sized P/C Carriers Increasingly Embracing IT Outsourcing: Novarica
Large numbers of insurers are relying on at least some form of information technology outsourcing to enhance their daily operations, Novarica found in a new survey of industry CIOs. The reason: ...
Welcome to the Future
Some observers have called 2015 "the year the future arrived" for the insurance industry. After close to a decade discussing the potential disruptive effects of big data, wearables, the Internet of ...
Insurers Ramp Up Wider Big Data Embrace for 2016: Novarica
Insurers appear ready to accelerate their embrace of big data, analytics and other aspects of emerging technology as they head into 2016, Novarica concluded in its third annual report on the matter. ...
Executives On The Move at Hiscox USA, BHSI, Allied World and Novarica
Hiscox USA has a new head of claims; Berkshire Hathaway Specialty Insurance brought on a new exec for its Asia surety expansion; Novarica has a new vice president. Berkshire Hathaway Specialty ...
Novarica: U.S. Small Commercial Insurance Market Slowly Warming to Online Sales
Few carriers in the U.S. small commercial insurance market are relying on direct online sales right now. But the number is growing, and it could become quite large within the next five years, ...