What is a Risk Innovator?
A Risk Innovator™ is an individual who solved a tough risk challenge by combining creativity and execution to deliver exceptional results.
"Innovation", however, is often in the eyes of the beholder. What is incremental or evolutionary to some is downright ground breaking and revolutionary to others. At Risk & Insurance®, we define "Innovation" as the combination of creativity and execution.
Creativity is expressed as a novel or out-of-the-box solution to a risk-related problem. Execution is demonstrated by proof that the individual’s approach produced measurable results.
Simply put, we see innovation as creative solutions that work.
Who is eligible?
The primary focus of the Risk Innovator™ program is on individuals who solved problems for their employer. This translates to professionals in the fields of Risk Management, Finance, Analytics, Claims, Workers’ Comp, Safety, Disability Management, etc. Fully 80 percent of past winners come from this group of professionals.
The secondary focus of the Risk Innovator™ program is on individuals who solve problems for clients. This translates to professionals working at brokerage firms, insurance companies, consulting firms or service/product providers. About 20 percent of the past winners come from this group.
Who selects the winners?
Risk Innovator winners are selected by editors and writers of Risk & Insurance® magazine.
What criteria are used to select winners?
To be considered for the Risk Innovator™ award, an individual must demonstrate excellence in these areas:
- Creative Risk Solutions: Solutions come in all shapes and sizes. In the past, some winning ideas were large and complex in scale such as new web-based software platforms or custom analytical algorithms. Other winning solutions were smaller but equally effective, such as in-house safety solutions or using iPads for data collection in the field. Any truly novel approach to solving a difficult challenge is eligible.
- Effective Execution: Demonstrate that the solution was successful through qualitative and quantitative metrics. Stronger weight is given towards quantifiable impacts.
Responsibility Leader® designation
The Responsibility Leader® designation recognizes select winners of the Risk Innovator™ award who believe in doing the right thing over the easy thing. Click here to find out how you can qualify.
Individuals may apply directly for the Risk Innovator™ Award or nominate a colleague, employee or client. Minimal information is required on the application. Additional documentation or longer responses are welcomed, but not required. Editors and staff members of Risk & Insurance® will follow up with applicants to gather additional details and supporting materials.
Applicants and nominees for the Risk Innovator™ Award are welcome from U.S. and foreign-based companies. Only individuals working in the U.S. are eligible for the Responsibility Leader® designation.
Completed applications and nominations are due to Risk & Insurance® by July 8, 2013 (DEADLINE EXTENDED).
Winners will be featured in the September 15th issue of Risk & Insurance® magazine, in the iPad/iPhone/Android app, web digital edition, website and enewsletters.
Liberty Mutual employees are not eligible for the Risk Innovator™ Award.