Innovation Strategist

3 weeks ago


India Bajaj Allianz General Insurance Company Full time

:
**Developing an innovation strategy**
Developing an innovation strategy aligned with the organization's goals and objectives
Understanding market trends, identifying opportunities for innovation
Defining the strategic direction for innovation initiatives
Stay up-to-date with industry trends and developments, attend conferences and events, and network with industry experts
- **Idea generation and management**
Facilitate the generation of new ideas within the organization by conducting brainstorming sessions
Encourage cross-functional collaboration, and implementing idea management systems to capture and evaluate ideas from employees
Responsible for prioritizing and selecting ideas that have the potential for further development
- **Solution to problems**
Looking for solution to the problems raised by the stakeholders
- **Research and analysis**
Stay up-to-date with industry trends and developments emerging technologies, and market dynamics.
Conduct research and analysis to identify potential areas for innovation
Assess the feasibility and market potential of new ideas or concepts
Research and identify new technologies, products, and services that have the potential to drive growth and improve customer experience.
Evaluate the feasibility of new ideas by conducting market research, developing business cases, and performing cost-benefit analyses
- **Project management**
Once an idea is selected for implementation, the innovation manager oversees the project management process
Define project goals, creating project plans, allocating resources
Monitoring the progress of innovation projects
Ensure that projects stay on track, meet deadlines, and achieve desired outcomes
- **Senior management Interactions **
Interaction with senior leaders of various departments and CXO to understand their challenges.
Conduct events like Innovation Day to showcase innovative solutions to the CXO team
- **Stakeholders Management**
Communicate regularly with key stakeholders to provide updates on innovation initiatives and solicit feedback
Develop and maintain strong relationships with external partners and vendors to source and implement new technologies
- **MAJOR CHALLENGES**

(Challenges faced on an on-going basis in carrying out the job)
- Cost of solutions vs the budgets allocated.
Most of the good solutions are from outside of India, it is one of the major challenges to get the right solution from the providers who can accept Indian jurisdiction.

**Department**
:
HO

**Open Positions**
:
1

**Skills Required**:
:
Industry Understanding & Competitive Awareness; Relationship Management; Underwriting Excellence; Claims Excellence

**Location**
:
MARVEL

**Education/Qualification**
:
Graduate/Post Graduate

**Desirable Skills**
:

- 1.Good communication skills. 2.Flexible & adaptable to change. 3.Well versed with MS Office. 4.Should have good analytical and problem-solving skills. 5.Should be aware of the Local language

**Years Of Exp**
:
4 to 8 Years

**Posted On**
:

- 25-May-2023**Designation**
:
Innovation Strategist


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