In part 1 of a -3-part series with Vincent Tizzio, President and CEO of Navigators Management Company, Inc., Innovations in Insurance host Ty Sagalow and his guest discuss the importance of new product development to a company like Navigators.

Mr. Tizzio says “Innovation is the parallel to uncovering, discovering, and protecting insureds in risks that they face.” At Navigators, failure is “a learning” that supports a culture of innovation thorough the expression of ideas, the discovery of ways to provide protection and an environment that looks outside to ensure innovation.

As a specialty line insurer, Navigators relies on strong broker relationships, meetings with clients and industry forums to support innovation at Navigators. Given its culture and its people, Navigators attracts the entrepreneurial breed within the distribution channel.

Mr. Tizzio cites Navigators’ approach to product development in the Life Sciences as one example.

For more information, visit the Navigator’s website.

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