Understand your company’s innovation maturity and culture.
Take a proper look under the hood of your business, at how different teams/functions operate and behave.
Our Insurance Innovation Healthcheck is a read of how effective innovation is in your organization. The process consists of qualitative interviews with the senior leaders at your organization as well as quantitative data collection (survey) of the sentiment and views of the staff in the business. Some questions that we set out to answer for you in a Healthcheck:
- How effective is innovation across your business compared to the top 250 insurers?
- How is innovation at your business perceived throughout the organization?
- How can your business seize further opportunities to increase innovation effectiveness?
The outcome of the Healthcheck is a set of recommendations and actions based on the results as well as a view of how your organization performs against your industry peers. The report often highlights the unique strengths but also points to weaknesses and a roadmap to improving your 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 as well as a set of interviews with senior leadership. 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 report with results and a set of recommendations that is presented to the key stakeholders in your organization. It is a base for us to work with you and establish the best course of treatment to address identified issues.