The Voice of Insurance

Sp Ep Powering Progress: How to Institutionalise Innovation for the Energy Transition


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Deep down we are all know that innovation isn't just a buzzword; it's really a matter of long-term survival.

It is getting increasingly difficult to argue against the idea that the speed of change keeps accelerating and we now live in a world where what was science fiction only 20 years ago could soon become the norm.

For instance, who would have guessed that the majority of our growing energy needs are going to be almost entirely met my novel green production methods within the next twenty-five years, perhaps even including scaled up nuclear fusion within the mix?

Who would have imagined that commercial exploitation of space would become ever more economically viable, including the possibility of space-based manufacturing and even lunar habitation?

In such an environment a failure to innovate means that not only will your company stagnate over time, but better-run, more innovative competitors might take an unassailable lead over you.

If innovation is imperative this begs the question of whether there is a way of bottling up and distilling what the most innovative companies do, so we can try to be more like them.

That’s what this Special Episode is all about.

For one, does an innovation mindset or methodology exist? And more importantly, can we capture it, codify it, and embed it throughout large and complex organisations?

To explore this and the major upcoming engineering, technological, financial and intellectual challenges of the next two decades, I'm joined today by a stellar line-up of guests from Beazley and wider industry.

We’ll hear from Adrian Cox, Beazley’s CEO, Neil Kempston, its Head of Incubation Underwriting and Denis Bensoussan, Head of Space.

I also talk to Rob Grant, Managing Director at Pollination, a specialist advisor and investor in the energy transition who is here to give us an external perspective.

It's an exciting time to be at the forefront of this change, helping to unlock investment and build a more sustainable future.

I don’t know about you, but I have ended this process in a much more optimistic frame of mind than I began it. I hope you too have been able to take some inspiration and comfort from this investigation.


LINKS:
Here's a link to further reading on the Energy Transition from the team at Beazley:
https://www.beazley.com/en-US/news-and-events/spotlight-on-environmental-climate-risk-2025/powering-progress/

 

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The Voice of InsuranceBy The Voice of Insurance Mark Geoghegan

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