Class
Innovation
At Chaucer, we believe that Innovation is simply another word for change, which for us means ‘doing different things and doing things differently’. Innovation only becomes meaningful, however, when there is strategic intent behind it.
We fundamentally believe that 'what got us here, won’t get us there'. We see innovation as a crucial source of competitive advantage as our clients seek new solutions for emerging risks.
Some key focus areas for us are:
- Weather
- Climate change
- Intangibles
- Truly new markets
- Parametrics
Innovation is a key strategic tool
“As clients battle with new and changing risks, one of the major levers in the insurance industry’s strategic toolkit is innovation - setting up thoughtful, contained experiments to solve for key client challenges. No one knows what the future holds, hence the power of innovation, of experimentation.”