This month InsurTech Insights challenges the concept of
innovation - one of those words that gets used a lot in pitch decks from startups, but is often vague and meaningless. The word gets confused with invention and the creation of something specific. But to be innovative is more than just inventing a solution. Innovation is all about solving a problem in a way that has a positive outcome. True innovation leads to impactful change.
Ali Geramian, from KPMG’s Innovation Lab in the US, looks at the approach taken by many incumbent insurers to invest in technology startups as a source of innovation and provides a three-point plan for doing so, while Rick Huckstep looks at the application of innovation in the digital age more broadly and speaks with Jacob Abboud, CIO of Allianz Insurance and Scott Walchek, CEO and founder of Trov to get two different
perspectives.
Enjoy the issue.
