Innovator's Edge Podcast

Wayne Allen and Chris Mandel, Senior VP of Strategic Risk for Sedgwick and Director of the Sedgwick Institute, discuss the opportunities and challenges for risk managers to improve the value they provide their organizations, and how many risk managers are not being provided with advice and insight on technology innovation that could improve the management of risk.

Bryan Falchuk offers his views on the opportunities that insurance industry has to reinvent itself, sharing his experiences and insights and a series of case studies in his new book, titled "The Future of Insurance: From Disruption to Evolution." Bryan has viewed the changes taking place in the industry from the perspective of an advisor, an incumbent and insurtech and believes successful innovation is within reach of all companies. Learn more at http://future-of-insurance.com/

Wayne Allen, a principal of IE Advisory, speaks with Zachary Finn, Clinical Professor & Director of the Davey Risk Management & Insurance Program at Butler University, about ideas for providing the US insurance industry with a mechanism similar to TRIA for pandemic risks. This federal backstop would enable insurers to provide coverage for losses caused by pandemic, and create greater certainty and protection for businesses adversely impacted by the spread of and response to COVID-19.

Many organizations that are pursuing innovation can overlook what we call the human side of innovation when adopting new processes and goals to grow their company in new ways. In a new Innovator’s Edge podcast the principals of IE Advisory—Guy Fraker, Wayne Allen and Paul Winston—discuss what some of these human issues are for insurance incumbents.

Do you have a defined innovation strategy? The principals of IE Advisory discuss why having a defined innovation strategy is essential for communicating and guiding an effective innovation program. What are the needed elements, structure and reasons behind an innovation strategy? How does it differ from a broader corporate strategy? Send us your questions, comments or requests for future podcast topics at [email protected]

Demetrius Gray, CEO and Founder of WeatherCheck, describes how his company is creating an opportunity for carriers and agents to take control of potential weather claims and validate and process legitimate claims. WeatherCheck aims to minimize insurance payouts that may be initiated by storm repair companies or other parties seeking to generate compensation for repairs, particularly hail damage, when not warranted by the evidence.