Search
 

10 reasons to innovate—now!

Without any innovation, the traditional business of insurance will become obsolete.

By Deb Smallwood | Updated on September 02, 2015

We’re busy gearing up for the Annual SMA Summit where innovation will take center stage. In the spirit of the Summit, I started to gather some inescapable facts that could inspire us all to innovate and improve—to truly become the Next-Gen Insurer. All the time we hear about: We can’t afford not to innovate …  Why innovate when we are growing profitably today? … Innovation is an essential ingredient to sustain success … Without any innovation, the traditional business of insurance will become obsolete … We talk about think big start small … And the list goes on and on. 

It’s true, innovation is critical to success today and for positioning for tomorrow. But, rather than peddle the same old innovation benefits and business rationale, I thought it would be refreshing to share 10 facts about change and innovation that will directly affect insurance and that may inspire you, surprise you, or reinforce why you should be continuously improving by rethinking, reimagining, and reinventing the business of insurance!

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.