Strategies to accelerate innovation and stay ahead of the competition
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Enabling a culture of innovation is something that companies across the insurance industry strive for. Often seen as being led by startups and insurtechs, accelerating innovation is a priority for all organisations. As risk, consumption and technology landscapes evolve, creating an agile mindset will help respond to new customer needs and employee experience.
In this report 8 insurance leaders address the following questions,
- What are the goals of innovation in insurance?
- What are some of the barriers to innovation?
- How do you overcome the barriers and accelerate innovation?
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About
Today’s market conditions present opportunities for life insurers: following the pandemic, there has been a rising demand to power growth, and for insurance to play a more pivotal role in the lives of its customers. Underwriting is crucial to both endeavours yet the business of life underwriting has remained relatively unchanged for decades, with a heavy reliance on manual processes.
The growing availability of data and insurers’ ability to extract value from data has enabled faster progress and deploying more automation.
Our panellists include
Kshitij Nangia
Head of Strategy, EMEA, Aon
Andrew Holdway
Co-Head Strategic Partnerships EMEA, Swiss Re
Mark Budd
Head of Innovation (UK), Zurich Insurance plc
Srikanth Madani
Industry Advocate, Wordwide Financial Services, Microsoft
Elizabeth Carbonaro
Regional Managing Director – Western Europe, Willis Towers Watson Global Captive Practice
Antton Peña
Founder and Chief Strategy Officer, Flock
Frank Desvignes
Global Head of Open Innovation, AXA
