In Microsoft Word how can I link to an image from the web which updates?

• Go to Insert - Quick Parts - Field...
• In Field Names, select "InsertPicture".
• In the field "Filename or URL", put the URL to your image.
• Check "Data not stored in document". And eventually the 2 "Resize..." checkboxes if the size of the online image can change.

That should do the trick.

I got here looking for a way of adding my StackOverflow flair in my CV/resume. Since reputation and badges change frequently I wanted it to be updated/reflected automagically in the Word doc.

I happen to be using Word for Mac 2011.

In my case I followed the instructions given by Snark in his answer, but it was somewhat different and there's a GOTCHA:

1. Menu Insert => Field...
2. On the left in Categories: select Links and References.
3. In Field names: select IncludePicture.
4. Now you have to type two quotation marks in the input box just after INCLUDEPICTURE.

5. The GOTCHA: Inside the quotation marks you have to paste the link to your image. In my case it's like this:

   INCLUDEPICTURE "https://stackoverflow.com/users/flair/114029.png?theme=clean"

6. Click Preserve formatting during updates if you want.

That's it. Now the flair will be updated automagically wherever i open the Word doc. Totally AWESOME.

Here's a screenshot:

In Word 2010 instead of "InsertPicture", the field name is "IncludePicture"