Improve Product Speed to Market with Technology
A Novarica Research Partners Program™ report, based on conversations with ten property/casualty insurers that are members of Novarica’s Insurance Technology Research Council, finds that product time to market needs improvement and consistently ranks high on the list of capabilities that insurance business leaders want IT to deliver.
The top form management obstacles noted were:
- 60% inefficient distribution of institutional knowledge
- 45% reliance on IT for forms updates
- 25% manual processes
- 20% access to software/tools
- 20% difficulty locating forms/searching multiple forms