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BMS launches Innovation Labs platform

Independent specialist insurance and reinsurance broker BMS Group has launched a platform to drive change and innovation within the company and for the wider insurance industry.

BMS Innovation Labs will focus on how to deliver the best possible outcomes for clients using all available tools, including new technology and business approaches that can add value to and enhance BMS’s offering.

BMS Innovation Labs will be employee-led, providing a forum for individuals from across the business to contribute to the development of innovative and disruptive approaches and technologies.

The launch event for BMS Innovation Labs was held on the morning of 15th March at the Grange City Hotel and focused on further strengthening BMS’s client-centric, design approach to solving complex business problems and driving innovation to the benefit of the businesses BMS supports. BMS employees were introduced to the Design Thinking tools and techniques developed by Pancentric Digital, a specialist in disruption in insurance.

BMS Group CEO Nick Cook said: “The launch of Innovation Labs epitomises BMS’s client-centric thinking and approach, which has driven growth in recent years, challenging industry norms and employing technology that is rapidly changing our industry.

"Through the creation of BMS Innovation Labs, we are declaring our intent to remain at the forefront of innovation in our industry as we deliver further targeted, bespoke solutions to our clients.”