Accenture report embracing innovation The Institutes ITL Innovator's Edge insurance and risk management InsurTech companies innovation doesn't happen overnight accelerator or incubator |

No. 1: Legacy IT systems

recent analysis harnessing digital innovations |

No. 2: Cultural and internal opposition

Truly embracing innovation means not being afraid to try something new |

No. 3: Need for additional skills and talent

the right talents and skills |

Solving the innovation equation

certification program in risk innovation Download the full Insurance Industry Innovation Readiness Report to see more insights about the state of innovation in the insurance industry. Adam R. Carmichael, MA, CPCU, is vice president of Assessments & Ethics Counsel at The Institutes. He can be reached by sending email to carmichael@theinstitutes.org. These opinions are his own. Read more insurance industry insights from Adam R. Carmichael: What insurance pros need to know about blockchain

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