Novarica Research Council Prospective Member Information
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Novarica Research Council Prospective Member Information

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Novarica Insurance Technology Research Council has over 300 insurer CIO members.

Novarica Insurance Technology Research Council has over 300 insurer CIO members.

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Novarica Research Council Prospective Member Information Novarica Research Council Prospective Member Information Presentation Transcript

  • Research Council Information for Prospective Members Proprietary and Confidential to Novarica, a Division of Novantas, Inc. May not be used or distributed without our written permission. 2013
  • Contents 2. About the Research Council 10. Contacts 3. About the Organizer: Novarica 11. Novarica Senior Team Bios 4. Participating in Research Council Studies 5. Impact Awards 6. Other Research 7. Annual Meeting and Events 8. Peer Networking 9. Upgrading to Advisory Client Proprietary and Confidential to Novarica, a Division of Novantas, Inc.
  • About the Research Council “What a great tool to have in my CIO toolbag: other CIOs who share and discuss issues in a practical and pragmatic fashion.” Richard Weidenbeck, CIO, Ameritas • Designed to provide rapid insights on specific issues of interest to insurer technology executives in a way that provides quantitative data and fully preserves participant anonymity. • 300+ members, 90%+ CIOs – ~200 P&C, ~100 Life/Annuity – ~100 large companies, ~200 midsize companies – Members include – Surveys  Short, web-based, fully anonymized.  5-10 minutes max per survey – Peer Networking  7 of the top 10 P&C insurers  5 of the top 10 life/annuity insurers • NO COSTS TO PARTICIPATE  Via email through Novarica team, not in an online, databased forum.  Private, vendor-free events. – There are no fees to members for any council activities. 2 Proprietary and Confidential to Novarica, a Division of Novantas, Inc.
  • About the Organizer: Novarica • Novarica is the organizer of the Council. • Strategy advisors focused on insurance operations and technology • Knowledge-based services – Personal experience of principals – Moderated knowledge-sharing community of over 300 insurer senior IT executives – Ongoing research into solution-provider marketplace and other insurance industry data • Published research, retained advisory, and project-based consulting • Division of Novantas, Inc., independent strategy consultancy. • Retained advisory service clients include more than 60 insurer CIOs and their teams • 20+ project engagements per year in vendor evaluation, benchmarking, strategy development • Principals with 15-25+ years experience in insurance/IT • 200+ reports in research library • Frequent conference presenters, media sources and contributors. Proprietary and Confidential to Novarica, a Division of Novantas, Inc. 3
  • Participating in Research Council Studies “The research presented by Novarica analysts contains valuable and relevant information that stimulates discussion.” Judith Haddad, SVP & CIO/CTO, Patriot National • Council members are invited to participate in 10-12 studies per year. These include repeating annual studies like: – Quick IT Benchmarks (Q1), which uses our “Supply and Demand” IT Metrics, and provides breakouts by subgroup as well as an overall average view. – Budgets and Projects (Q3-4), which looks at priorities for the upcoming year – Members Choice (Q4), which consists of a random assortment of questions posed by our members. • Our other topics vary from year to year, but generally include issues like analytics, distribution technology, IT Staffing, and other areas of interest to our members. • Surveys are conducted via secure https web surveying • Surveys are designed to take no more than 5 minutes. • Participants are kept strictly anonymous • Surveys do not include detailed financial questions. • All participants receive free copy of report 4 Proprietary and Confidential to Novarica, a Division of Novantas, Inc.
  • Impact Awards • The Impact Awards recognize case studies of practices or initiatives that delivered a business impact for our members. • Only pure peer-juried award in insurance technology. No consultants, no vendors vote, only Council members. – Nominees selected by committee of 10-12 Council members – Winners selected by vote open to all Council members. • All submitted cases published in annual compendium More info at www.novarica.com/impact/ February 28, 2014 Case study submissions due March 15, 2014 Blinded Case Studies provided to Nominating Committee April15, 2014 Case Study Compendium published, Nominees announced July 31, 2014 Voting ends August 2014 (date TBD) Winners announced at NYC Event 5 Proprietary and Confidential to Novarica, a Division of Novantas, Inc.
  • Other Research • Novarica also publishes 20-30 additional reports per year, including trends and issue analyses and reports on technology vendors that serve insurers • Council members may purchase reports at a 10% member discount. Report price range is $500-$4,500 • Novarica clients have unlimited report access. Report Type Description Avg #/ Year Business & Technology Trends in a Line of Business Overview of top business and technology trends in a specific line of business (i.e. Personal lines, group benefits, etc), supported by publicly disclosed examples of recent initiatives. 8-12 Issues Analysis Short discussions of key issues based on principal experience and interviews with insurers. 4-8 Novarica Market Navigators Profiles of all the solution providers within a specific area, e.g. agent portals, ECM, policy admin systems, etc. 8-12 Novarica ACE Rankings Customer satisfaction surveys of insurer execs on an individual solution, e.g. Guidewire ClaimCenter. Based on 3, 5, or 10 surveys. 20-50 Proprietary and Confidential to Novarica, a Division of Novantas, Inc. 6
  • Annual Meeting “The Novarica Council event is the only place where the door is shut and CIOs from around the industry speak openly and honestly about how to solve real world problems…without being pitched hard by sales folks” Stuart Tainsky, CIO, PURE Insurance Our annual meeting generally attracts 40-60 members. It includes a welcome dinner, followed by a day of interactive discussions and networking. There is no fee for members to attend, and no vendors are invited. Register here for the next meeting on May 1, 2014 in Providence, RI. 7 Proprietary and Confidential to Novarica, a Division of Novantas, Inc.
  • Peer Networking “The Novarica Council continues to be a candid and valuable forum to discuss leading issues of the day facing insurance IT executives.” Dave McMahon, VP, Unum • Novarica can facilitate direct conversations between members on topics of mutual interest, including: Vendors, Budgeting and Organizational Planning, Best Practices, Compliance Issues, Personal Networking • Unlike online networks, the Council enables private, one-to-one introductions made through the Novarica team. • Conversations happen offline and are not databased or archived for the rest of the group to see. Member Novarica Member 8 Proprietary and Confidential to Novarica, a Division of Novantas, Inc.
  • Upgrading to Advisory Client “Novarica’s Advisory Service gives my whole team the kind of information and perspective I need them to have, without taking up my time.” Anonymous Insurer CIO • Council membership benefits the member, becoming an advisory client benefits the entire team. • It allows Novarica to be a force multiplier for insurance IT teams. – Get smarter, faster on industry trends, best practices, and vendors through reports and personal consultations via phone and email. – Personal, 1-to-1 feedback on strategy, planning, internal documents, and communication plans for anyone on your team. Council Member Advisory Client Benefits Member only Entire team Report Access Surveys only All reports (30+ per year) Annual Meeting Member only Up to 3 attendees Phone/email consults with Novarica No Unlimited, as needed for entire team Strategy Meetings/ Workshops with Novarica No Yes 9 Proprietary and Confidential to Novarica, a Division of Novantas, Inc.
  • Contact Us Directly Click Here to Join the Council Now. Or email us directly to learn more Matthew Josefowicz Managing Director mj@novarica.com 617-275-2603 Chad Hersh Managing Director chersh@novarica.com 512-491-7560 10 Proprietary and Confidential to Novarica, a Division of Novantas, Inc.
  • Novarica Senior Team Bios Matthew Josefowicz, Managing Director Trusted advisor to insurer CIOs on market and technology trends and strategies in US and globally Over 100 published reports and over 50 conference presentations since 2001 Insurance practice founder at Celent (acquired by Oliver Wyman/MMC) B.A. Brown University Chad Hersh, Managing Director The leading expert on insurance core systems, dozens of core systems evaluation and replacement projects Senior analyst at Celent E-business director and IT strategist at AIG American General B.A and Masters in Accounting/MIS, Rice University Karlyn Carnahan, CPCU, Principal P&C expertise across LOBs and Functions. Tech specialties in claims, distribution, social media, core systems. VP Marketing, Commercial Lines, Fireman’s Fund, SVP Product, Insweb GM Insurance Industry, Sun Microsystems, Accenture, NORCAL, etc. M.B.A Stanford Martina Conlon, Principal Expertise in agent technology, data models, and IT organization best practices, core systems. Director at Arbella Insurance (head of Application Development), Independent consulting: technology project management for insurers, consultant at Sybase M.B.A Boston University, B.S. Tufts, Electrical Engineering Robert McIsaac, Principal SVP Business Transformation, Nationwide CIO/CTO at First Citizens Bank CIO and senior IT roles at PennCorp Life, Guardian/Park Avenue Securities, Prudential MBA Seton Hall, B.A. Montclair State Tom Benton, Principal VP IT (CIO) Navy Mutual Led life/annuity core systems replacement project IT leadership positions in multiple industries including energy MS Massachusetts Institute of Technology, BS Cornell 11 Proprietary and Confidential to Novarica, a Division of Novantas, Inc.
  • www.novarica.com