Carrier Management publishes article by Shannon Shallcross, Pinpoint’s Head of Client Services on the consequences for P&C insurers to not innovate and how by not doing so, can lead to being at a significant competitive disadvantage.
Shannon asks the questions of insurers, “Do you welcome innovation? Do you have a company culture that allows people to try new things? Or are they fearful of failing, getting marginalized, punished or even losing their jobs because they tried to innovate and it wasn’t successful?” She highlights the benefits of taking a fail-fast approach to test-and-learn and how to embrace innovation in a way that will only better business for you, and your customers.
