Global News - Imaginatik and Ingenin: Walking hand in hand towards innovation
Source: Asia Insurance Review | Jul 2016
Imaginatik and Ingenin have entered a global partnership to provide end-to-end innovation solutions for the insurance industry. This will combine Ingenin’s deep domain expertise in the insurance industry and its extensive knowledge of the InsurTech space with Imaginatik’s award-winning innovation software platform and innovation consulting services.
In a recent innovation survey by Ingenin/Insurance Times, more than 63% of insurers and brokers indicated the need for innovation to create products and services which are relevant to today’s customers. Over 55% believed that the existing culture and a lack of structured tools and experienced resources was a significant obstacle in their ability to innovate.
Ingenin’s inside understanding of the innovation drivers in the insurance industry provides a key advisory capability to Imaginatik’s offerings. “We always look for deep domain expertise when we tailor solutions to particular industries, and with Ingenin, we have found a tremendous partner for the insurance industry,” said Mr Ralph Welborn, CEO of Imaginatik.
To complement Ingenin’s ability to help insurance firms understand which types of innovation to pursue, Imaginatik brings a complete toolkit of processes, methodologies, and software systems to make sure they can execute on their innovation plans.