Get ready for the new innovation AM Best scoring by understanding your organization’s innovation maturity
Our Insurance Innovation Health Check can help to prepare your organization for the AM Best insurance innovation score, and leads to a set of recommendations and actions based on the results of an insurance-specific survey that identifies strengths and weaknesses in your organization’s innovation culture.
A review of literature, case studies, and research publications from various organizations including Harvard Business Review, Forbes and ResearchGate, reveals a very holistic view of characteristics that are evident in innovative companies. Ninety have distilled these down to 7 domains of innovation.
The 7 domains of innovation…
- Stakeholder Involvement / Customer Focus
- Monitor / Measurement
- People Development / Empowerment
- Process / Continuous Improvement
- Learning Organization
Diagnosis and treatment
Our Insurance Innovation Health Check diagnosis includes an organization-wide survey. It asks questions connected to the 7 domains of innovation which provides us with data to assess your organization in different categories. We also look at specific groups and how their perception differs to locate both centres of excellence and areas of improvement.
Our Insurance Innovation Heath Check treatment includes a brainstorming session to present the key insights and work with you in an ideation session to establish the best course of treatment to address identified issues, improve your AM Best innovation rating, and create a plan and steps for you and your team to start implementing.