Qorus and Accenture’s Innovation in Insurance Awards Now Open for Applications
22 Febbraio 2023 - 06:59AM
Business Wire
Insurers and insurtechs invited to apply for
global competition recognizing innovation
Qorus and Accenture (NYSE: ACN) today launched the eighth
edition of the Innovation in Insurance Awards, celebrating the best
ideas and projects that are transforming the industry.
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Qorus and Accenture today launched the
eighth edition of the Innovation in Insurance Awards, celebrating
the best ideas and projects that are transforming the industry.
(Graphic: Business Wire)
Established in 2016, the program provides a forum for
organizations to share best practices and continues to bear witness
to the evolution of insurance in a changing world. Last year, the
awards attracted 398 submissions from 251 institutions in 44
countries.
Companies can submit their entries online until 6 April 2023
within the following seven categories:
- Global Innovator (overall winner) – the most innovative
insurer that displays innovation in their strategic direction,
business practices and practical outputs. The winning organization
is committed to continuous innovation and transformation, the
development of a broad ecosystem of partners extending beyond
insurance and the use of emerging technologies for improved
customer experience and business performance. To qualify, the
entrant must have submitted at least three innovations across the
other six categories and be invited to apply.
- Connected Ecosystems & Marketplaces – new business
models and scalable end-to-end value propositions that capitalize
on the power of partnerships, platforms, new technologies and
insurtech. Submissions may be made by incumbents, specialized
players and other new competitors.
- Insurtech – reserved for the insurance start-ups,
spin-offs and technology firms that are harnessing technology to
reinvent the customer experience whilst driving new value for
insurers. This category is for firms specifically targeting the
insurance industry, with stage-one funding, a market release
proposition and/or have completed a successful proof of concept in
the market.
- Product & Service Innovation – innovations that
extend or replace the traditional insurance offering, creating new
revenue pools through expansion into new and existing customer
segments and markets.
- Re-imagining the Customer Experience – innovations that
enhance the way companies engage with new or existing customers via
physical and/or digital channels, new customer management models,
artificial intelligence-driven advice, and innovative management of
customer loyalty and satisfaction.
- Social, Sustainable & Responsible – advances in
social purpose, and in the insurer’s commitment to being a good
corporate citizen and a true ally of its customers. This category
covers the full definition of sustainability, from environmental
and climate interventions and risk management to strategies
relating to building communities and fostering inclusive
insurance.
- Workforce Transformation – bringing together people,
culture, leadership, organization and technology, enabling the
insurer to realize the full potential of the human and machine
workplace.
Each entry will be assessed using three criteria: originality;
long-term strategic impact and return on investment; as well as its
ability to be applied on a broader scale in other markets and
countries.
"Since the Awards' inception, we’ve highlighted the cutting-edge
insurers and innovations that have set inspiring performance levels
for others in the field," said John Berry, Qorus CEO. “As
demonstrated through last year’s program, the industry is
continuously shifting to a consumer-centric model. We’re confident
that this year’s awards will again showcase the exceptional
solutions that insurers are implementing, as they adapt to new
lifestyles, reimagine their role, and drive industry
reinvention.”
Silvia Milian, a managing director in Accenture’s Insurance
industry group, said, “Over the past few years, we’ve seen a rise
in entries focused on sustainability, connected ecosystems and the
convergence of health and well-being, indicative of broader
industry trends. Driving new innovations in products, distribution
and process are critical for responding to rapid market shifts, as
well as for building a sustainable and responsible insurance
industry.”
Winners will be selected by a panel of judges comprising senior
insurance executives from around the world, and an online vote by
Qorus members and non-members from insurance institutions. The
winners will be announced at an awards ceremony on 14 June
2023.
To find out more about the awards and how to submit an entry,
visit innovationininsurance.qorusglobal.com
About Qorus
A global non-profit association established in 1971 by banks and
insurance companies, Qorus (formerly known as Efma) helps its
members to reinvent themselves to thrive – to go further, be faster
and work together. Its global ecosystem brings valuable insights,
inspiring events, rich data, and active global communities all in
one place. With over 50 years of experience, Qorus provides a
neutral space for best-practice sharing and collaboration, while
offering diverse knowledge and a global reach – to more than 1,200
financial groups in 120+ countries. Headquartered in Paris, Qorus
serves financial institutions on all continents, with offices in
Andorra, Bangkok, Bratislava, Brussels, Dubai, Istanbul, Kuala
Lumpur, London, Milan, Seoul, and Tokyo. Learn more at
www.qorusglobal.com
About Accenture
Accenture is a leading global professional services company that
helps the world’s leading businesses, governments and other
organizations build their digital core, optimize their operations,
accelerate revenue growth and enhance citizen services—creating
tangible value at speed and scale. We are a talent and innovation
led company with 738,000 people serving clients in more than 120
countries. Technology is at the core of change today, and we are
one of the world’s leaders in helping drive that change, with
strong ecosystem relationships. We combine our strength in
technology with unmatched industry experience, functional expertise
and global delivery capability. We are uniquely able to deliver
tangible outcomes because of our broad range of services, solutions
and assets across Strategy & Consulting, Technology,
Operations, Industry X and Accenture Song. These capabilities,
together with our culture of shared success and commitment to
creating 360° value, enable us to help our clients succeed and
build trusted, lasting relationships. We measure our success by the
360° value we create for our clients, each other, our shareholders,
partners and communities. Visit us at www.accenture.com.
Copyright © 2023 Accenture. All rights reserved. Accenture and
its logo are trademarks of Accenture.
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version on businesswire.com: https://www.businesswire.com/news/home/20230221005591/en/
Jana Lednarova Qorus +421 915 225 611 jana@qorusglobal.com
Victoria Holmes Accenture +44 7446 277749
victoria.holmes@accenture.com
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