Novarica’s U.S. INSURER IT BUDGETS AND PROJECTS study 2016 affirms that insurers are estimated to be spending as much on data and digital initiatives as core systems (Novarica Survey Suggests Insurance IT Spending Nearing Digital Tipping Point). However, as Novarica’s president and CEO Matthew Josefowicz noted to us in a recent exchange, data/digital and core systems investments are complementary rather than competitive. We asked Josefowicz to talk about what the latest findings say about the status of insurers’ digital journey, and we share that exchange below.