Article author: Christian Bieck & Åke Freij
Organization: IBM
About: Christian Bieck is the global insurance leader for the IBM
Institute for Business Value. Christian is an economist by
training, and he worked in various roles in the insurance
industry in Europe before joining IBM as a process consultant
and researcher. Christian is a frequent speaker on thought
leadership and innovation at insurance events and workshops.
He has authored various papers on insurance trends and
implications, both for the IBM Institute for Business Value and
for international insurance industry publications. He can be
reached at christian.bieck@de.ibm.com
Åke Freij is a solutions executive for the financial services
industry in IBM Nordic. Åke has a financial services and
management consulting background, including executive roles
both locally and globally. At IBM, he concentrates on business
development and solutions design and supports insurance and
banking clients in matters ranging from architecture to
innovation. Focus areas include implementation of regulatory
requirements, model-driven business development, innovation
from technology and component business modeling. Åke can
be reached at
ake.freij@se.ibm.com.
For the past 500 years, the banking and insurance industries have struggled to balance innovation with stability and conventionality – with innovation suffering as a result. The incremental innovation of the past is not sufficient in today’s rapidly changing world. To successfully exploit innovation today, banks and insurers need to better understand its sources and develop a framework to help them consistently and reliably innovate.
This study is based on information gained through in-depth interviews about innovation with 20 banking and insurance executives, as well approximately 50 informal interviews and discussions with additional executives. The scope of this study is global with an emphasis on mature market Western economies.
The full report is to be found below (pdf file).
Bilaga
