Author: Northdoor plc
Date: 06th July 2016
Working on the accepted principle that the London Insurance Market will modernise, Northdoor held a round table to explore how London Market insurers can lead, plan, implement and sustain change within their organisations in order to fully benefit from the current market modernisation programme: Target Operating Model (TOM).
The attendees were Chief Operating Officers from London Market carriers and brokers and representatives from the TOM programme.
Dr Arnoud Franken, Senior Lecturer in Strategy and Change at Cranfield School of Management presented an expert view and guidance on successful change leadership in organisations. The presentation was followed by a round table discussion with the attendees to explore how these best practices can be adapted and applied to their organisations, to successfully implement the changes from modernisation and TOM.
The group shared their key challenges, many of which were common, such as:
The round table discussion highlighted the following:
As a major provider of policy administration, data and security solutions to the London Market, Northdoor has contributed feedback and thought leadership to support the TOM programme development and continue to be involved across the current programme initiatives, such as Structured Data Capture.