The skill sets and change management procedures required to undertake and successfully implement digital transformation throughout an insurance company can be lacking in among today's insurance industry leaders. (Photo: Shutterstock Stock)

Each year, Valen Analytics' annual Summit provides insurance leaders a venue to discuss the state of the market.

This year, more than 100 participants from carriers, reinsurers and startups attended to share deep insights into the dramatic shifts happening across the insurance landscape.

Innovation, funding, and collaboration were among the hot-button topics, each playing a critical role in shaping the future of the insurance industry.

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Getting serious about innovation

A.M. Best Executive Vice President and COO Matthew Mosher previewed that agency's decision to begin factoring insurer innovation as an element of its ratings.

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