home.aspx
 
. https://novarica.com/2019/11/making-space-for-innovation-at-insurers/
article
SHARESHARESHARE
MAKING SPACE FOR INNOVATION AT INSURERS
Innovation means experimentation, and it can be hard to get a budget approved to spend hundreds of thousands of dollars to potentially fail and get nothing from the investment. Some carriers have “free money to experiment,” and others have found that establishing governance and defining target learning areas can provide guardrails around innovative pilots. Innovation also relies on culture, especially at the executive level. Some insurers are trying to encourage a cultural shift by increasing internal exposure to accelerators and innovation hubs. MATTHEW JOSEFOWICZ READ MORE