01 April 2008
CHAD HERSH JOINS NOVARICA, A NOVANTAS COMPANY
INSURANCE CORE SYSTEMS EXPERT BRINGS UNIQUE EXPERTISE, WILL CO-HOST WEBINAR ON APRIL 9
NEW YORK - Novarica, a research and advisory services firm focused on markets, operations, and technology for insurers and financial institutions, today announced that Chad Hersh, a leading expert on insurance technology strategy with a specialty in policy administration systems, is joining the company.
Mr. Hersh, formerly a senior analyst at Celent, a previously independent analyst firm acquired by Oliver Wyman (part of MMC), will bring his distinctive expertise on the insurance core systems marketplace to Novarica's clients. He will join the company as a principal, reporting to insurance practice director Matthew Josefowicz, with whom he had worked for many years at Celent prior to its recent acquisition.
During his five years at Celent, Mr. Hersh was the lead author of the firm's bi-annual policy administration system research reports, and conducted over a dozen core systems replacement evaluation projects for a broad range of insurer clients, from billion dollar life/annuity and property/casualty companies to small regional insurers, as well as numerous other strategy projects.
Mr. Hersh has presented his research at dozens of industry conferences, and written bylines for major industry publications about enterprise vendor selection practices and other topics. He has also worked at AIG, Ernst & Young, and CSC, and has taught e-business and consulting at Rice University.
"Chad Hersh is a leading expert on insurance technology strategy and has a unique knowledge of the policy administration systems marketplace,"comments Matthew Josefowicz. "His expertise will be a tremendous asset to our clients, and I am looking forward to working with him again."
Mr. Josefowicz and Mr. Hersh will be co-hosting a webinar on "Best Practices in Insurance Software Vendor Selection" on Wednesday, April 9, 2008 at 2 pm EDT. The webinar is free to the industry: interested parties can register at www.novarica.com.
Mr. Josefowicz and Mr. Hersh will also be presenting at the ACORD/LOMA forum next month in Las Vegas and the IASA annual conference in June in Seattle.
Novarica also announced today that due to strong market demand and its expanding staff, it is ending its discounted "charter client" program at the end of this month. "Since we launched at the beginning of January, we have exceed our own goals for both developing our industry presence and signing new customers," notes Josefowicz.
About Novarica
Novarica provides information, insights, and perspective on markets, operations, and technology to financial services and insurance executives and project teams. The company delivers its service through published research, retained advisory services, and project-based consulting. Novarica's research includes market and trend analyses, best practices research, case studies, and neutral independent analyses of insurance software vendors. Novarica is an affiliate of Novantas, LLC, the leading management consultancy and information services provider for the financial services industries.
www.novarica.com
Media contact:
Matthew Josefowicz
Director of Insurance Practice
Novarica
+1.212.401.5204
mj@novarica.com