Sign up and be the first to know

About Hugh Terry & The Digital Insurer

Hugh Terry & The Digital Insurer Video

Contact Us

1 Scotts Road
#24-10 Shaw Centre
Singapore 228208

Write an article

Get in touch with the editor Martin Kornacki

email your ideas at martin.kornacki@the-digital-insurer.com

Pre Registration Popup

itcasia2020 Registration Popup

Share Popup

Prime Member: Find out more

Access a unique programme!
  • 56 pre recorded lesson of online content from industry experts over 7 courses
  • The best in digital insurance for practitioners and by practtioners
  • Online MCQ after each lesson
  • Join the discussion forum and make new friends
  • Certificate upon completion to show your expertise and comitment
  • 3 months to complete
  • Normal price US$1,400 Your Prime member price is US$999
  • Access to future versions included in your Prime membership!
Become a member

Prime Member: Contact Us

REach out to us. Please fill up the form below
  • Let us know how we can help. You can expect a response within 24 hours

Embrace the Power of Open Innovation and Ecosystem – SMA

[ff_author_box_style2]

Article Synopsis :

With the proliferation of social media and easy access to information tools like the internet and smartphones for customer feedback, companies are turning to crowd sourcing to fetch innovative ideas.

 The Digital Insurer reviews Strategy Meets Action’s Report on Embrace the Power of Open Innovation and an Ecosystem to Re-imagine Insurance

Innovation – the key source of  value?

Denise Garth in the blog “Embrace the Power of Open Innovation and an Ecosystem to Re-imagine Insurance” discusses the powerful combination of crowd sourcing concepts i.e. innovation ecosystem and open innovation. These become vital for insurers in positioning, retaining and becoming market leaders. Key points discussed in the blog are:

  • How a plethora of companies are implementing the concept of open innovation and innovation ecosystem
  • Why insurers should shift focus on the concept of open innovation and innovation ecosystem

 

Link to Full Article:: click here

Digital Insurer's Comments

Denise Garth in the concluding remark rightly points out that “Insurance industry disruption has begun and will tear down the business assumptions and paradigms of the last 20-30 years, or more”. While redefining innovation in the digital age, insurers will have to find answers to the following questions:

  1. How to intelligently apply open innovation and innovation ecosystem?
  2. What are the application areas for open innovation and innovation ecosystem?
  3. How to quantify the quality of open innovation and innovation ecosystem? 

Link to Source:: click here

 

Comments

';

Livefest 2019 Register Popup Event

Livefest 2019 Already Registered Popup Event

Livefest 2019 Join Live Logged-in Not Registered

Livefest 2019 Join Live Not Logged-in