Insurance Business Model Innovation. Social good & transparency as a business model. This includes a sound investment hypothesis and criteria, clear allocation of authority for making decisions and a thoughtfully selected investment committee that is aligned to the overall business strategy.
Progressive insurance is a great example of a company that has truly aligned its business model and operating model to achieve true “operational innovation”. A search of academic articles using “business model” as a key term revealed 166 such ar ticles between 1975 and 1994, and Here are four new business models to set the insurance archetype.