MATT CONNOLLY | CEO, Sønr
MATT FERGUSON | Managing Partner, Sønr
The insurance landscape has changed and continues to evolve at pace. Fueled by record levels of startup investment, new market entrants encroaching, and BigTech circling how should insurers respond? How can they balance the pressure of near-term commercial requirements and effectively manage resources today while simultaneously driving innovation to ensure they are still relevant tomorrow? Indeed, is this even possible?
What is for certain is that this cannot be achieved with an incremental approach to transformation alone. This paper explores the critical role that “open innovation” – the partnering with external innovation – will play in enabling incumbents to adapt and thrive in this rapidly changing market.