March 10, 2010  
Innovation   
nourishment for those who would innovate Minimize

The Tortoise & The Hare: Property & Casualty Insurers and Information Technology (2007 article)

The Web 2.0 Attitude and the Insurance Industry by Nicolas Michellod

Did You Know? 3.0  (5-minute video on the speeding progression of change)

The Top 100 Lamest Excuses for Not Innovating in 2009 (along with a technique for freeing yourself and others from them)

"I am humbled to report that I can't think of a truly innovative product or approach that has come about in the past decade."   - Chris MacKechnie, President, Slingshot, Communications, commenting on the state of innovation in the insurance industry

UnitedHealth Creates a New Product: An Option to Buy Insurance

Auto Insurance Company Charges...by the Mile:  Milemeter: Buy Your Insurance By the Mile

From the Harvard Business Review (Dec 2008 issue)  -  Finding and Grooming Breakthrough Innovators: To generate creative business ideas, breakthrough innovators must be fiercely tested and wisely deployed

What's Next With Financial, Insurance, and Banking Services? by futurist, trends, and innovation expert Jim Carroll on his blog (Nov 24, 2008)

Innovation Will Continue to be the Key to a Successful Insurance Business Model by James Cochran of Techinsurance (Nov 22, 2008)

Nov - Looking Ahead: What to Expect from the Insurance Industry in the Upcoming Years by James Cochran of Techinsurance (online provider of business liability insurance for IT providers).

Nov - From Inkling to Innovation: How Companies Are Using IT To Spot Innovative Ideas  by David Greenfield (cover story for Nov 10, 2008 print issue of InformationWeek).  It is the third in a four-part series, and just one element of a special multimedia package on business innovation which can be found by clicking here

Nov - LOMA's Resource magazine interviews futurist James Canton who, it turns out, has quite a bit to say about insurance and what could be done.

Nov 1, 2008 - It’s No Time to Forget About Innovation by Janet Rae-Dupree in the New York Times.  Makes the point that the current financial crisis and expected hard times should not dissuade anyone from innovating.  On the contrary, it should spur us on.

October Innovation Summit will create a vision of the Best Insurance Agency 2015

John Del Santo of Accenture writes Promise of IT Innovation for Insurance Networking News.  He gives the evidence that investors in insurance companies want to see more technology investment because insurance industry processes and systems and aged and inefficient.  This article is summarized at "Investors Want More Technology Investment in Insurance Industry" at Mike Gantt's Insurance Technology Blog.

Matt Bolch writes in Risk & Insurance about the state of innovation in the insurance industry.  Here's his article. 

Risk & Insurance  magazine reports that an overwhelming number of their readers want to know more about...(ta-da)...innovation.  In response, they've just published their first Risk Innovator issue.  Check it out here.

Baseline  magazine profiles NY Life for bringing "innovation to insurance"  (2008 Jul 30).  See the article.

In his New York Times column, Thomas L. Friedman emphasizes the importance innovation, though you'll have to read past his political commentary (2008 Sep 7).  See the column

Silicon Valley entrepreneur and technologist Judy Estrin has published her book-long prescription for innovation in Closing the Innovation Gap: Reigniting the Spark of Creativity in a Global Economy.  Here is is on Amazon.

And speaking of books on innovation, check out The New Age of Innovation: Driving Co-created Value Through Global Networks, by C.K Prahalad and M. S. Krishnan.  You can find it here on Amazon.   

And here is where Wikipedia weighs on the subject.  It's a comprehensive and useful article. 

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