Product development is a key function of the company and is carried out by MIL’s Product Department. The Product Department co-ordinates and leverages both internal and external resources to develop new products from concept stage to launch through MedInSynC®, our proprietary product development process.
MedInSynC® is a collaborative development process drawing on MIL’s internal and external innovation network. The process aims to identify both core and incremental innovations aimed at delivering against client needs and enhancing the brand value of MIL. The various stages of the process include idea generation from internal sources, including MedLab®, Mediolanum’s in-house cross functional R&D and innovations working group, as well as external sources including an RFP process with our external partner network. This is followed by the application of the detailed MedInSynC® process which takes ideas through concept engineering, solution mapping and ideas selection prior to winning ideas being technically evaluated by Med³®. Following technical feasibility evaluation and analysis, an idea is then developed and project managed to deliver a final product, complete with commercial and distributor support initiatives followed by post implementation review and optimisation.