Pros
Recently spearheaded a new innovation function ,going agile and reorganising top down to build greater alignment across IT,digital,Innovation etc. Massive turnout for the annual hackathon this year and more business leaders being trained on innovation methodology . Fantastic opportunity for grads through regular senior stakeholder exposure, leadership / secondment opportunities and working with the most academically accomplished minds in the company. Hiring more leaders from non insurance backgrounds adding quality talent.
Cons
Overlapping innovation roles within various functions that contribute to workplace politics. Need a HR framework that incentivises everyone towards innovation. Lack of remit to impact change despite very capable individuals having done similar roles previously. Innovation benefits are currently visible mostly in the US .