The insurance industry is known as rather conservative, but Allianz UK has a long tradition of involving the whole organisation in innovation. Every employee is encouraged to bring ideas to the table. But a good idea is not enough; an idea should be followed by an estimated financial value right from the start.
Allianz has experienced great results throughout the years: the company has implemented more than 30,000 ideas generated by its employees, delivering an annualized benefit of £15m.
Watch Surinder and Robin from the Allianz innovation team explain why it is important to value every idea:
If you find this interesting, check out the Danfoss and Man on the Moon case