Without innovation insurance industry will falter, according to CII debate
Industry experts at a round table event hosted by the Chartered Insurance Institute (CII) agree that the entrepreneurial spirit exists in smaller regional businesses but that larger corporations were slower to act.
The round table was chaired by the CII’s Insurance Broking Faculty chair, Lynn Richards-Cole.
Ms Richards-Cole said: “The conclusion of the group was that companies need to take active steps to ensure grassroots innovation is encouraged and nurtured within the organisation. A concern around the table was that opportunities for innovation could be missed or ignored, and that more of an onus needs to be placed upon senior management to ensure ideas are legitimised and followed up.
“The feeling was
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