Among the best practices that emerged at a Novarica Insurance Technology 2012 Research Council meeting of 50-plus insurance executives were ways to manage the increased demand to support a Bring Your Own Device policy and turn it to the insurers’ advantage.
“One thing that surprised me was the extent to which BYOD (“bring your own device”) has become common in the industry. While managing user-owned devices adds complexity, some members report savings from supporting fewer corporate-owned smartphones,” says Matthew Josefowicz, partner and managing director at Novarica. Josefowicz founded the council, a knowledge-sharing and peer-networking community made up of 325 CIOs and senior IT executives from more than 275 U.S. insurers.