insurer investment in technology News

Insurers Take Risk in Not Growing Technology Budgets in Age of Disruption: Novarica

Despite the increased challenges facing insurers from new technology-enabled competitors, insurers’ 2017 information technology budgets look a lot like those of prior years, according to consulting firm Novarica. Novarica’s annual study of U.S. insurer IT budgets and projects analyzes results …

Data Conversion Startup Captricity Gets White Mountain Insurance Backing

Captricity Inc., an Oakland, Calif.-based startup that gives businesses in regulated industries easy access to customer data trapped in handwritten forms, has raised $35 million in a Series C round of financing led by White Mountains Insurance Group. The latest …