The first insurance open innovation lab
Toronto, ON (Apr. 24, 2017) – In February, 2017, a new insurance innovation lab located in the heart of Toronto opened its doors exclusively to insurance industry participants.
Cookhouse Lab welcomes life and property & casualty insurance and reinsurance experts from around the globe to join in on developing solutions which address the current and future trends – issues, challenges, opportunities – of insurance.
Unlike internal innovations labs, incubators, or accelerators, Cookhouse Lab’s core mission is solving big insurance problems through open collaborative models with peers, partners, and start-ups in the insurance industry.
Members of Cookhouse Lab work on insurance innovation projects in sprints, each with a duration of between between one and twelve weeks. Each project utilizes a unique Innovation Framework that combines Lean Innovation and Design Thinking. At the end of each open innovation project, a detailed business case and high fidelity prototype will be made available to all project team members.
Cookhouse Lab is currently accepting applications for several innovation projects relevant to the P&C insurance business. Insurance-Canada.ca is thrilled to be participating in the first Blockchain project.
Experience for yourself the value of broader collaboration; partake and join your peers in this innovation journey.
Upcoming Innovation Projects:
- Blockchain & Insurance – Starts May 8 (4 weeks)
- Financial Literacy – Starts May 29 (1 Week)