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As much as insurance technology leaders hate being saddled with legacy policy systems that keep their companies from reacting to changes in a nimble manner, they all seem to have a grudging respect for the 20th century technology that lasted for so long.

More than 50 members of the Novarica Insurance Technology Research Council, a moderated knowledge-sharing community for insurer CIOs and senior IT executives, met last week to discuss the issues they face as CIOs in the industry.

More than 50 members of the Novarica Insurance Technology Research Council, a moderated knowledge-sharing community for insurer CIOs and senior IT executives, met last week to discuss the issues they face as CIOs in the industry.

Risk management has grown from the financial side to focus on the enterprise. Designing an ERM strategy and focusing on leadership has caused many insurers to look to the IT department for leadership. Those carriers that do it right may be in for a reward.

Instead of concerns, I actually see this as the most optimistic time for technology leaders working in the insurance sector. The technology available today far exceeds anything we would have thought possible just five years ago.

Instead of concerns, I actually see this as the most optimistic time for technology leaders working in the insurance sector. The technology available today far exceeds anything we would have thought possible just five years ago.

We're about to say goodbye to another year and the further we distance ourselves from the dark days of 2008, the better things look for the insurance industry as a whole and insurance IT in particular.