Innovating in Insurance
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Questions and Answers

What is the main driving force behind innovation in the insurance industry?

  • The industry's willingness to adapt to technological change (correct)
  • The need to focus and execute to catch up with advancements
  • The celebration of creativity and data and tech proficiencies
  • The industry's ability to attract the best talent to accelerate innovation
  • What is the insurance industry's Achilles heel?

  • Its ability to attract the best talent
  • Its focus on the customer
  • Its lack of purpose
  • Its ability to get things done quickly (correct)
  • What can help plug the talent gap in the insurance industry?

  • A focus on the customer
  • Repurposing and retraining employees (correct)
  • Celebrating creativity and data and tech proficiencies
  • The industry's willingness to adapt to technological change
  • Study Notes

    • Customers are demanding a different interaction with the insurance industry, which is driving innovation.
    • The insurance industry has a greater willingness to adapt to technological change.
    • Technology has advanced, which has changed what is possible.
    • The insurance industry needs to focus and execute to catch up.
    • A focus on the customer is key to accelerating innovation in insurance.
    • Celebrating creativity and data and tech proficiencies is important.
    • The insurance industry needs to attract the best talent to accelerate innovation.
    • Purpose is important to attract talent to the insurance industry.
    • Repurposing, retraining, and creating a learning culture can help plug the talent gap.
    • The insurance industry's Achilles heel is its ability to get things done quickly.

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    Description

    Are you curious about the latest trends and challenges in the insurance industry? Test your knowledge and learn more about innovation, technology, talent, and customer focus in this quiz. Discover how the insurance industry is changing, and how it is adapting to the new demands of customers. Find out about the importance of purpose, creativity, and execution in accelerating innovation. Are you ready to take on the insurance industry's Achilles heel? Then play this quiz and see how much you know!

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