Head of New York Life Ventures, Joel Albarella, talks innovation.

Joel Albarella has helped New York Life Ventures maintain its focus as one of the leading areas of innovation at the organization. Here, Joel shares his thoughts on innovation and how it works at New York Life. Some key points:

• It's not a destination, it's a journey
• Innovation is owned across the New York Life organization
• It’s a very personal thing – no playbook
• We take a bottom up approach, but also with support, overarching messaging and resources from the top of the organization

At the end of the day, it’s about better enabling innovation for the organization.