New York – Change seems to be the watchword in more than just the presidential elections. In the world of insurance research and consulting, change has become the name of the game. In the latest in a series of announcements,
The hole at Celent was quickly filled by Craig Weber, who steps up from his role as senior research director to insurance practice leader for
The news follows a flurry of activity at
Cynthia Saccocia, former area research director at TowerGroup, joined
Meanwhile, TowerGroup has “regrouped” with the addition of insurance industry veteran David West, who, with a long history in the insurance industry, previously directed the marketing efforts at business intelligence software provider
Reflecting on the movement and change taking place in the insurance research and advisory sector, Josefowicz told
“We are getting away from the subscription model, and have retained an advisory services model in which the agenda is directed by the client,” Josefowicz told INN, “which means the client is under no obligation to purchase research that is not relevant to them.”
Dave Kaytes, a managing director at Novantas concurs, stating that “there is an opportunity to reinvent the way research and advisory services are delivered to financial services and insurance executives.”
As the initial member of Novarica, Josefowicz has been busy since joining the firm in November. Novarica today announced the publication of two research reports, “Key Metrics for Insurer CIOs” and “Insurance Software Activity 2005-2007: Distrib t on, Policy Administration, and Workflow,” as well as an executive brief, “Best Practices in Insurance Software Vendor Selection.” Additional research forthcoming this month includes materials on the business value of SOA.
Josefowicz will report on the SOA findings at the 1st Annual
Novarica does not intend to be a “one-man show” for long: Josefowicz confirmed the addition of one senior staffer this quarter, and will be “building the firm with more analysts” in the future.
Meanwhile, Novarica announced the formation of its Insurance Technology Strategy Advisory Board, which is made up independent individuals with deep industry experience. The advisory board holds an annual meeting with Novarica clients and shares its perspective and knowledge with the Novarica core team. Current members of this board include: Judith Campbell, former CIO of New York Life; John Hodge, former CIO of XL Group; Ed McHugh, former CIO of Fidelity Investments Life Insurance; and Jeff Stoll, former CIO of Met Life Individual Business.
Novarica also will hold a short Webinar to present its research on “Key Metrics for Insurer CIOs” on January 17 at 2 p.m. EST. For more information, visit
Sources: Novantas, INN archives
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