New Reports Provide Best Practices to Insurance Carrier CIOs

BOSTON - April 28, 2015 - PRLog -- With insurers becoming increasingly reliant on technology to help them operate efficiently and effectively, research and advisory firm Novarica has published two new CIO checklist and best practices reports.

These executive briefs provide checklists and best practices to overcome any lingering reluctance about system replacement or modernization, as well as a range of approaches that IT leaders can use to help position themselves and their organizations for more productive and constructive engagement with their business partners.

CIO Checklist Report: Overcoming Reluctant Users – When planning for a core system replacement or change management, insurers focus a great deal of effort on getting buy-in and sponsorship from leadership. End users may be required to accept this change, but their cooperation is critical to success.  This report outlines eight steps that an insurer can take to overcome any lingering reluctance about system replacement or modernization. A free preview of the report is available at: http://novarica.com/cio-checklist-overcoming-reluctant-us...

CIO Checklist Report: Running IT Like a Business – The importance of IT is both growing and changing, with advances in areas like business intelligence, mobile capabilities, drives to improve “time to market” for new products, and the need to manage transformative changes in legacy core systems environments. To support future business needs, carriers increasingly need to think differently about how they manage the information technology function. This report provides ten best practices that IT leaders can use to have more productive engagement with their business partners. A free preview of the report is available at: http://novarica.com/cio-checklist-running-it-like-a-busin...

One of the challenges for technology functions in an insurance environment is the degree of difficulty associated with building trust and confidence with business areas. If the sense grows that the IT function is running as a separate business with unique objectives that are not specifically linked to the success of the carrier, business leaders may turn to alternative approaches to satisfying their own technology needs.  Insurers CIOs can use these reports to lay a solid foundation with their business partners and identify any potential speed bumps before moving forward with technology initiatives.

On Monday, June 22nd at 2 pm (ET) Jeff Goldberg & Mitch Wein will participate in Novarica’s CIO series webinar: Preparing for Digital Transformation and Overcoming Reluctant users. This free webinar will discuss technology implementation strategies and best practices. This webinar is open to all insurance professionals. Interested participants should pre-register online at: https://attendee.gotowebinar.com/register/120109254

For more information about Novarica’s CIO checklist report series, visit http://novarica.com/cio-checklists/

About Novarica

Novarica provides technology strategy research, advisory services, and consulting to more than 80 property/casualty and life/annuity insurers. Its knowledgebase 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