February 2019 – Novarica recently concluded its fifth semi-annual Silicon Valley Innovation Tour, which included the opportunity to lead a delegation of senior leaders through a series of on-site visits to companies in the Bay Area. This tour allows carriers to see firsthand the mechanisms that support innovation in a variety of startups, venture capital firms, and accelerators. Silicon Valley offers a tool kit of tried-and-true approaches for insurers looking to embed innovation into their organizations

This report captures key themes that emerged from discussions during our visit in the first quarter of 2019.