Run Time: 7:13
Does Innovation Miss the Mark?
Michael Lee, founder, chairman and CEO of the Tower Group, doesn’t believe innovation runs deep in the insurance industry. The insurance industry is not known as being one of the most innovation industries in the financial services world, and that reputation is somewhat deserved, Lee says. But that trend is changing, and continues to change. In this interview from MarketScout’s annual Entrepreneurial Insurance Symposium in Dallas, Lee explains what parts of the insurance world do a good job at innovating and where innovation may be lacking.