Latest Novarica Headlines
All the headlines from our Novarica Topic Page, ordered by recency.
Aite-Novarica Report to Modernize Carrier Onboarding for Expanding Distribution
Dec 12 2022 // This post is part of a series sponsored by AgentSync. For carriers looking to own the future of their distribution channels, having a reputational advantage with downstream agencies and their producers is mission...
Advisory Firms Aite Group and Novarica Merge with Backing From Pamlico
Jul 21 2021 // Two Boston, Mass.-based advisory and research firms for the insurance industry are now one. Aite Group and Novarica Inc. said they have merged to create Aite-Novarica Group. The move comes with an investment by Pamlico...
Direct Sales of Small Business Insurance Poised to Grow to $12B by 2025: Novarica
Mar 4 2020 // Over the past decade, selling small commercial insurance directly online to customers has gone from an outlandish idea to a reality. In a new report, research and advisory firm Novarica projects significant growth in the...
Insurers Are Curious, Cautious When It Comes to Chatbots for Claims
Apr 15 2019 // The insurance industry is slowly recognizing the potential of chatbots to free up resources and improve customer service, even as it recognizes the potential of the technology to sour relationships with customers,...
Expect Direct Online to Gain in Small Commercial Insurance Market Share: Novarica
Feb 14 2019 // Changes in small business owners’ online habits and new market entrants are driving market demand for online purchasing of insurance, according to a report from advisory firm Novarica, which sees direct online sales...
Large Commercial Insurance Brokers Investing in AI, Analytics: Novarica
Mar 14 2018 // Large commercial brokers transacting business with multiple carriers and distributors are seeking to differentiate themselves in a competitive marketplace through improved technology such as artificial intelligenceI,...
Top Technology Investments of Workers’ Compensation Carriers: Novarica
Oct 30 2017 // Workers’ compensation insurers are looking to technology to deliver operating efficiencies, underwriting insights and product development as they navigate a fragmented market with high sensitivity to state...
Novarica: Commercial Insurers Prioritizing Tech Advancements
Jul 18 2017 // A new report by the research and advisory firm, Novarica, shows that commercial insurance carriers are modernizing policy administration systems and agent portals to support complexities of business. Novarica also says use...
Duck Creek Technologies Acquires Data Management Software Firm Yodil
Jan 4 2017 // Duck Creek Technologies, a Boston-based provider of core system cloud services and software to the global property/casualty insurance industry, said it has acquired Yodil, an insurance data management software firm based...
Former Travelers, PMA Executive Klotz Joins Technology Advisory Firm Novarica
Nov 2 2016 // Novarica, a research and advisory firm focused on insurance technology strategy, announced that Jim Klotz has joined the firm as a vice president of research and consulting. Prior to joining Novarica, Klotz spent 15 years...
Insurers Take Risk in Not Growing Technology Budgets in Age of Disruption: Novarica
Oct 17 2016 // Despite the increased challenges facing insurers from new technology-enabled competitors, insurers’ 2017 information technology budgets look a lot like those of prior years, according to consulting firm...
Former Liberty Mutual, Progressive IT Executive Ruzicka Joins Novarica
Dec 7 2015 // Novarica, a Boston-based insurance technology research and advisory firm, reported that Chuck Ruzicka has joined the firm as a vice president of research and consulting. Prior to joining Novarica, Ruzicka was chief...
Workers’ Comp Writers Using More Mobile Device Apps, Other Technology
Nov 3 2014 // Workers’ compensation insurers are increasingly turning to mobile device applications and other technology innovations in their bid to remain a force in the industry and serve their clients, Novarica determined in a...
Mobile Technology Gaining with Insurers: Survey
Feb 25 2013 // While much of the attention around use of mobile devices in insurance has centered on consumer apps offered by large personal lines insurers, other property/casualty insurers and life/annuity insurers are rolling out...
Mobile Technology Gaining with Insurers: Survey
Feb 11 2013 // While much of the attention around use of mobile devices in insurance has centered on consumer apps offered by large personal lines insurers, other property/casualty insurers and life/annuity insurers are rolling out...
Oracle Buy of AdminServer Seen Triggering Insurance Tech Mergers
May 14 2008 // Software maker Oracle said it has agreed to acquire AdminServer, a Chester, Pa.-based provider of insurance policy administration software. The move has some analysts predicting a wave of mergers among technology firms...
