Placements

Project Title: Innovation Metrics Project
Project Description:This award winning, niche, innovation consultancy focused on the insurance and InsurTech sectors have worked with most of the Tier 1 insurance companies over the years in areas that range from providing clients with blue sky thinking, helping them to create next-gen insurance propositions and also helping insurance companies create and manage their internal innovation functions.

As the industry players migrate from a fairly basic innovation programme to an organisation wide core function they have realised that they lack the skills, tools, and experience which is where we come in. One of their typical challenges is, for instance, how they measure the success of their innovation programmes.

We are looking to work with a post-grad to help us create a template of Innovation metrics that could be used by Innovation leaders within the insurance sector to help them quickly and easily identify the most appropriate metrics to measure their progress and success by.

We expect the post grad to identify the key metrics generally required measuring the various aspects of innovation and to analyse the advantages and disadvantages for each type of metric and to then create a template that can be customised by heads of innovation to suit the size, maturity and objectives of a particular innovation programme.

Start date ASAP but ideally early August 2017 with the final delivery around late September 2017. The placement is for 100 hours.

Key Areas of Work & Outcomes of Placement:

The Innovation Metric template will be utilised by either senior executives or heads of innovation functions to define the best set of metrics from a library to help deliver the best innovation outcomes for the organisation.

Outcomes will need to include:
  • An Innovation Template which we see as a toolkit which Insurers can use to cherry-pick the most effective and relevant set of metrics that can be configured to suit an individual organisation / Innovation programmes size and maturity
  • A supporting report explaining the relevance of each type of metric and things to consider when utilising them
  • Ideally the report will include a section on the importance / value / benefits of measuring the right things over the relevant timescales
  • A section on how to select the most appropriate metrics
  • Some tips / examples on the side effects of selecting certain types of metrics

Skills required:

The ideal candidate will have:
  • A comprehensive understanding of the corporate innovation process
  • Excellent written English skills
  • Feel comfortable interviewing (face to face or over the phone) senior management level contacts
  • Familiarity with corporate innovation programmes
  • Familiarity with the Lean Start-up Process
  • An interest in wanting to develop a career in Innovation strategy would be useful
  • Knowledge of the insurance sector is not required and we can provide any information that may be required

Gaining experience and developing skills:

Innovation is one of the hottest agenda items for most exec teams and management boards in large corporations globally. The insurance industry is no exception and in fact are relying on innovation within their business to help them evolve, revolutionise and disrupt (or defend against other people / organisations looking to disrupt) the industry

The Innovation Metrics Template is likely to be utilised by a number of insurance organisations, potentially around the globe, to help them shape their innovation strategy.

The project is potentially, likely to attract the attention of several insurance companies, the insurance trade publications and the big 5 consultancies. The project will help the post-grad to improve their knowledge and experience of the innovation process which is a very desirable skill for management roles in the global insurance sector currently.
Vacancy Closing Date:20 August 2017
Project Start Date:21 August 2017
Project End Date:29 September 2017
Nature of Business:The clients are a seasoned, award winning, niche, innovation consultancy focused on the insurance and InsurTech sectors. We have worked with most of the Tier 1 insurance companies over the years in areas that range from providing our clients with blue sky thinking, helping them to create next-gen insurance propositions and also helping insurance companies create and manage their internal innovation functions.
Salary:£10.14p/hr 100hrs
Company Name:you must be registered to view company details and to apply for placements.
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