What are the innovation in insurance awards?

The Qorus-Accenture Innovation in Insurance Awards is an annual, global competition that rewards the best new ideas and practices transforming the industry for the benefit of both insurers and their customers. Open to insurance, bancassurance, and insurtech organizations, the awards serve as a catalyst for innovation, helping to connect a worldwide network of leaders and disruptors. A rigorous, independent judging process determines the winners by their peers to ensure the awards’ ongoing credibility.

What technologies are transforming insurance?

Artificial Intelligence (AI) remains the key transformative technology for the insurance industry. By leveraging rich insurance data, insurance carriers can respond to changing customer needs in real time. AI can automate manual insurance processes, unlocking new value and innovation. Cloud-based insurance platforms will also have a powerful impact on streamlining, innovating and securing insurance operations and the insurance workforce. The metaverse , and its ability to provide a rich, interconnected hybrid experience, is also emerging as a technology trend to watch.

What are current trends in the insurance industry?

Authentic omnichannel: Engaging customer experience, anywhere and everywhere. Embedded ecosystems: Complementary ecosystems for deeper value. Health and wellbeing convergence: Making customers’ lives better, proactively reducing risk. Sustainable insurance: Positively contributing to communities and the planet. AI & Tech differentiation: Intelligent technology that sets insurers apart. Workforce rearchitected: The people powering the reimagined insurance landscape.

Technology Innovation

Qorus-Accenture Innovation in Insurance Trends 2022

septembra 20, 2022 10-minút čítania

251

institutions – including 114 insurtechs – from 44 countries submitted their top innovations

40%

increase in Health and Wellbeing convergence submissions

2022 Insurance Innovation Trends

Trend 1: Authentic omnichannel

Engaging customer experience, anywhere and everywhere

Trend 2: Embedded ecosystems

Complementary ecosystems for deeper value

Trend 3: Health and wellbeing convergence

Making customers’ lives better, proactively reducing risk

Trend 4: Sustainable insurance

Positively contributing to communities and the planet

Trend 5: AI & Tech differentiation

Intelligent technology that sets insurers apart

Trend 6: Workforce rearchitected

The people powering the reimagined insurance landscape

"The insurer of the future can have a positive impact on society — influencing behaviors and contributing to safer, greener and more inclusive industry practices, as evidenced by the growing focus on sustainability among the submissions."

— SILVIA MILIAN