This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Training, communication, and changemanagement are the real enablers. Managingchange and transformation Paolo Sicca, group CIO of manufacturing company Industria Grafica Eurostampa, is an example of how his role is evolving. The changemanagement was complex, as it always is, says Sicca.
Forrester’s new report, Generative AI: What It Means For Health Insurers, dives into genAI’s impact on health insurers and examines avenues for early adoption and ways to circumvent potential risks.
The power of AI operations (AIOps) and ServiceOps, including BMC Helix Discovery , can transform how you optimize IT operations (ITOps), changemanagement, and service delivery. The companys more recent adoption of BMC ServiceOps has transformed changemanagement processes and IT services management (ITSM) success for his organization.
When the leadership team at Erie Insurance planned a large-scale transformation, they knew it couldn’t be an IT-only effort. Finally, the way Erie Insurance drives transformation is by leveraging enterprise business agility. ChangeManagement, CIO, Digital Transformation, Innovation, Insurance Industry, IT Leadership, IT Strategy
Insurance companies are no longer only there for their customers in times of disaster. Modern approaches to insurance and changes in customer expectations mean that the insurance business model looks very different than it used to. For many insurers, this means investing in cloud. And what trends are you watching?
Traditionally viewed as rock-solid and steady, the insurance industry is not exactly associated with taking big risks. Gray Nester, CIO, Brown & Brown Insurance Gray Nester / Brown & Brown Some, like BBNI’s Technology Solutions Group, are being renamed and restructured to orchestrate greater immersion in the business.
In October, Microsoft announced that 100,000 organizations including Standard Bank, Thomson Reuters, Virgin Money, and Zurich Insurance are using Copilot Studio, double the number just months earlier. The ones who are thoughtful about the changemanagement process can scale faster, he says.
A human-centric approach helps with the changemanagement efforts around using agentic AI while evaluating the benefits and risks. CIO should bet on changemanagement programs and evangelizing high-quality agents with whom employees collaborate to deliver value beyond productivity.
“Since there’s no universal model across business functions, IT must always keep in mind how they are leaders and partners of change in the corporation, whether it’s at a technical, business, or human changemanagement level.” The CIO should also speak early when sensing a possible business course deviation.
IT consultants who specialize in large-scale IT change programs, such as mergers and acquisitions, can command even higher compensation, often in line with the pay of consulting company partners due to the complexity and impact of their expertise, he says. Indeed lists various salaries for IT consultants.
Its also important to identify challenges like data privacy, technical readiness, and organizational changemanagement. For insurance or financial services enterprises, benchmarks should focus on reducing manual errors, improving service speed, and reducing direct expenses to deliver the core services, he says.
Dutch insurance and asset management company Nationale-Nederlanden, part of the NN Group, has a presence in 19 countries and serves several million retail and corporate customers. Digitization vs tradition Although the insurance sector has a traditional image, that stopped being the case years ago, says Vaquero.
While Silicon Valley still pays top dollar for IT pros, the war for talent has moved beyond the technology industry, with other verticals vying for talented IT workers who have the skills to enable digital transformation, process improvement, changemanagement, and the development of apps and services.
“I really do think about the two roles differently,” says Wiedenbeck, senior vice president and chief technology and transformation officer (CTTO) for the financial services and insurance company. “I In addition to influence, transparency and accountability are critical to Wiedenbeck’s changemanagement playbook.
DORA mandates explicit compliance measures, including resilience testing, incident reporting, and third-party risk management, with non-compliance resulting in severe penalties. Failures in one institution can cascade globally, underscoring the importance of strong information and communication technology (ICT) risk management.
The IT team not only built the platform for the project, but Fazal helped build the business case, identified its impact on each business unit, and then developed the changemanagement processes around it. “IT IT is in the best position to look at the impact of process change across the organization,” he says.
Multinational insurance and finance corporation AIA New Zealand’s dream is to help make the country one of the healthiest and best protected nations in the world. As New Zealand’s largest life insurer and leading health insurer, our purpose is to help New Zealanders live longer, healthier lives,” he says.
Furthermore, the government, in collaboration with private sector partners, is investing heavily in expanding the country’s telecommunications network, including the rollout of 5G technology.
We’ve all seen the insurance commercials: Mayhem is everywhere. When it strikes in the consumer world of insurance, you want the right people on your side and the right plan to navigate a way forward. When I see issues at the customer level, the first question to ask is, “What changed?” The same can be said about IT.
AssuredPartners is a full-service insurance broker providing commercial insurance, risk management, and employee benefits. The company, which has more than 8,500 employees, plans to continue growing by acquisition, and consolidating the global insurance market. It’s all about changemanagement.
In some cases, the business domain in which the organization operates (ie, healthcare, finance, insurance) understandably steers the decision toward a single cloud provider to simplify the logistics, data privacy, compliance and operations. Investment in training and changemanagement is critical to the success.
In 2015, New York Life Insurance Co. began building up a data science team to investigate the use of predictive models to improve efficiency and increase productivity. There were quite a few deployments of predictive models across the company with a little artificial intelligence to aid in automation.
In action, these chatbots make it simpler for customers to apply for credit, submit insurance claims, update personal and account details, and request the necessary authorization number required for a replacement card, all without ever having to speak to someone.
The purchase price is obvious, but then come the property taxes, insurance, maintenance, utilities, and those inevitable repairs that always seem to pop up at the worst possible time. The remaining 70% comprises hidden costs that rarely make it into initial budgets or project proposals. Think of it like buying a house.
These programs remove common barriers to changemanagement by addressing and pre-debunking concerns about the role of artificial intelligence, Voorhees adds. Here are the insights these CDOs shared about how theyre approaching artificial intelligence, governance, creating value stories, closing the skills gap, and more.
And when performed strategically in succession as Mahon has done at Werner, such quick wins can lead to much larger business transformation over time — with less big-bang disruption and changemanagement thanks to measurable proof of enhancement along the way.
“What I’ve always tried to do is go where the energy and value is, and find the one or two willing partners in the business who want to start something and make it big,” says Christopher Paquette, chief digital transformation officer at Allstate Insurance. But that could change. “I And that’s just the start.
The benefits of improved business-IT collaboration include things such as projects that better fit business goals, improved changemanagement, and better buy-in for new initiatives. That person is now a Scrum master at a major insurance company. If you’re like most IT leaders, the answer is very much yes. Andrew Palmer.
Cultural, legal and political changemanagement challenges within this industry remain paramount; In retail cloud implementations have been mostly IaaS or PaaS solutions. Even though cloud computing is truly a natural evolution of information technology, its use continues to revolutionize business models and customer expectations.
Going after full ROI moves an IA program from a technology play into technology + changemanagement.” – Maxim Ioffe | Global Intelligent Automation Leader, WESCO. Connecting systems with RPA may be trivial, but it has very limited ROI until the business is ready to break the silos and redesign end to end processes.
Insurance company Aflac is one company making sure this is the case to maintain human oversight over the AI, instead of letting it act completely autonomously. “That’s the most difficult thing,” he says. Agentic AI in the early stages Aflac isn’t the only company just beginning to start the agentic AI journey.
Claire Thompson , group chief data and analytics officer at insurance giant Legal & General, recognizes the importance of proving your executive credentials in one area before climbing the career ladder. She says the good news is that digital leaders who demonstrate their capabilities will expand their horizons.
They possess extraordinary organizational skills Top-notch project managers are highly organized individuals. But it’s not just about making a list and sticking with it,” says Hema Tatineni, vice president of the Strategic Programs Office at CopperPoint Insurance. That awareness is needed more today than ever before.
Closing phase: To complete a project, project managers must close all phases and procurements, settle budgets, hand over deliverables, conduct project post-mortems and reports, and return personnel to the resource pool Project management skills Effective project managers need more than technical know-how.
“I always find there’s benefit in using a story to help my audience understand what can sometimes be very technical concepts that I’m trying to communicate to non-technical people,” says Adam Miller, CIO of UK insurer, Markerstudy Group. Get the story right, then people understand the plan and you’ve a much better chance of them buying in.
The relationships and governance structure all need to support the alignment, and this planning needs to cover not only technology but also changemanagement, end-user enablement, and management of ongoing operations and business-as-usual activities once the technology has been delivered.”
These IT leaders “are not afraid to use knowledge to convey their points, explain what won’t work, and show [others] the path that can be done and what supports — like extra budget or more time — that it will take,” adds Knight, who prior to his SIM role worked in various IT leadership positions, including global CIO at Chubb Insurance.
“Now more than ever, having a strong partnership between HR and the CIO is critical, because the demand for talented employees is so high,” says Kathy Kay, CIO at global financial investment management and insurance company Principal Financial Group. It requires news skills and a change in mindset.
The greatest barrier to innovation is competing priorities and lack of time to innovate, observes Santhosh Keshavan, executive vice president and CIO of financial and insurance services firm Voya. ChangeManagement, Innovation, IT Leadership, IT Strategy Now the capability is embedded in the product development process.
Translating the CEO’s strategy Another legacy organization, 105-year-old The Teachers Insurance and Annuity Association of America (TIAA), has “a specific focus on elevating data and digital fluency” across the organization, says Sastry Durvasula, CIO and client services officer. ChangeManagement, Digital Transformation, IT Leadership
employers now offer hybrid work, some banks and insurance companies have been slow to embrace this emerging work model. How will hybrid work change the employee experience in the financial services industry? Banks and insurance companies carry large volumes of sensitive personal information and are heavily regulated.
ITIL 4 contains seven guiding principles that were adopted from the most recent ITIL Practitioner Exam, which covers organizational changemanagement, communication, and measurement and metrics. Nationwide Insurance achieved a 40% reduction in system outages and estimates a $4.3 What are the ITIL 4 guiding principles?
Candidates for this certification should have knowledge and experience with managing project life cycles, maintaining project documentation, managing resources and stakeholders, and ensuring appropriate communication. Requirements: No prerequisites.
Leaseplan: A monolith unfit for the emerging digital world After an initially successful SAP deployment at its Australian subsidiary, in 2016 vehicle management company Leaseplan commissioned HCL Technologies to develop a new SAP-based Core Leasing System (CLS) that was to be the heart of the group’s IT transformation across 32 countries.
We organize all of the trending information in your field so you don't have to. Join 83,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content