Singapore’s first benchmark to measure the ability of corporations to cope with disruptive innovation

Asia Insurance Review

Produced by the Applied Innovation Institute (Aii), in partnership with Quest Ventures, this is Singapore’s first benchmark to measure the ability of corporations to cope with disruptive innovation.

Researchers at the Applied Innovation Institute recorded and analysed more than 80 data points across social, online, and innovation metrics to benchmark the progress of insurers towards key industry innovation and digitalisation goals.

The goal of the benchmark is to help insurers in Singapore understand the effectiveness of their innovation initiatives and drive innovation and digitalisation amongst insurers in Singapore. Insurers such as NTUC Income, AXA, Prudential, and Aviva, have all set up innovation initiatives in Singapore.

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