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Will there come a point in the transformation of the industry where innovation has run its course, and the industry once again stabilizes? (Photo: Shutterstock) Will there come a point in the transformation of the industry where innovation has run its course, and the industry once again stabilizes? (Photo: Shutterstock)

Innovation has gone from a word barely spoken in property and casualty insurance to a trend that has swept through the industry.

The past decade, in particular, has seen enormous progress in adopting innovation, operationalizing it into mainstream plans, and driving real transformation in the industry. This is, in large part, due to the change in the industry mindset on innovation over time. Even so, the industry, overall, could be characterized as in the early stages of innovation-driven transformation.

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