Much has been written about innovation and the debate is still going – incremental or radical innovation. In reality, you need to do both. Startups have the advantage of not having to undo existing complexity and legacy thinking. Existing businesses need to think like a start up and laser focus their efforts on targeted iniatitives.
For some best practices on creating an innovation culture and capabilites in insurance, visit the ACORD website to download “Innovation: Essential to Digital Transformation and Evolution”, a white paper I wrote and published with ACORD.