Efma and Accenture Launch seventh Annual Innovation in Insurance coverage Awards | Enterprise


Efma and Accenture (NYSE: ACN) are actually accepting functions for the seventh annual Innovation in Insurance coverage Awards, which acknowledges the insurers and insurtechs which are reworking the trade.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/dwelling/20211207005081/en/

Efma and Accenture are actually accepting functions for the seventh annual Innovation in Insurance coverage Awards. (Graphic: Enterprise Wire)

Established in 2016, this system rewards the very best new progressive concepts and initiatives in insurance coverage and supplies a discussion board for organizations to share finest practices. Final yr, 460 submissions from 289 establishments in 55 international locations had been obtained.

Corporations can submit their entries on-line till April 8, 2022 throughout the following seven classes:

  1. World Innovator (total winner) – the entrant that commits to steady innovation and transformation, the event and management of a broad ecosystem of companions extending past insurance coverage, and using rising applied sciences for improved buyer experiences and enterprise efficiency. To qualify for this class, the entrant should have submitted not less than three improvements throughout the opposite six classes.
  2. Related Ecosystems & Marketplaces – new enterprise fashions and scalable end-to-end worth propositions that capitalize on the facility of partnerships, platforms and the Web of Issues.
  3. Insurtech – reserved for the insurance coverage start-ups, spin-offs and know-how corporations which are harnessing know-how to reinvent the client expertise while driving new worth for insurers.
  4. Product & Service Innovation – improvements that reach or substitute the standard insurance coverage providing, creating new income swimming pools by means of growth into new and current buyer segments and markets.
  5. Re-imagining the Buyer Expertise – improvements that improve the way in which firms have interaction with prospects by way of bodily and/or digital channels.
  6. Social, Sustainable & Accountable – advances in social objective, and within the insurer’s dedication to being a superb company citizen and a real ally of its prospects.
  7. Workforce Transformation – bringing collectively folks, tradition, management, group and know-how, enabling the insurer to understand the complete potential of the human and machine office.

Every entry will probably be assessed utilizing three standards: originality; strategic capability to generate long-term aggressive edge and return on funding; and flexibility to be used in different markets and international locations.

“Innovation in insurance coverage has been dramatically formed by modifications to buyer preferences and desires lately, which have been accelerated by the pandemic,” stated Jean Marc Pailhol, Efma chairman. “Now, it’s a matter of capitalizing on these elementary shifts, with know-how on the core. Insurers should additionally embrace collaboration, co-creation, and digital platforms, each throughout the trade in addition to externally. We sit up for one more yr of those profitable awards with Accenture.”

Silvia Milian, a managing director in Accenture’s Insurance coverage trade group and its lead for the awards, stated, “The rise in entries over the previous few years highlights the significance of innovation in constructing resilience, as demonstrated in the course of the pandemic. We encourage insurers and insurtechs from throughout the globe to submit their concepts and finest practices to assist additional remodel their organizations and the trade; in addition to convey new worth to prospects and the broader ecosystem.”

Winners will probably be chosen by a panel of judges comprising senior insurance coverage executives from around the globe, and an internet vote by Efma members and non-members from insurance coverage establishments. The winners will probably be introduced at an awards ceremony on June 15, 2022.

To seek out out extra concerning the awards and easy methods to submit an entry, go to innovationininsurance.efma.com or observe the dialog on Twitter at #InsAwards22.

About Efma

A non-profit group created in 1971 by main banks and insurance coverage firms, Efma is celebrating this yr its fiftieth anniversary. Counting now a community of 120 monetary teams in 133 international locations all around the globe, Efma facilitates networking between decision-makers. It supplies high quality insights to assist banks and insurance coverage firms make the correct choices to foster innovation and drive their transformation. Headquartered in Paris. Workplaces in London, Brussels, Barcelona, Stockholm, Bratislava, Dubai, Milan, Montreal, Istanbul, Beijing, Tokyo and Singapore. Study extra at www.efma.com.

About Accenture

Accenture is a world skilled providers firm with main capabilities in digital, cloud and safety. Combining unmatched expertise and specialised expertise throughout greater than 40 industries, we provide Technique and Consulting, Interactive, Know-how and Operations providers—all powered by the world’s largest community of Superior Know-how and Clever Operations facilities. Our 624,000 folks ship on the promise of know-how and human ingenuity on daily basis, serving purchasers in additional than 120 international locations. We embrace the facility of change to create worth and shared success for our purchasers, folks, shareholders, companions and communities. Go to us at www.accenture.com.

Accenture’s Insurance coverage apply helps P&C insurers, life carriers and reinsurers to redefine their enterprise and working fashions, improve the digital expertise for purchasers, and place themselves for progress in a digital financial system. To be taught extra, go to: www.accenture.com/Insurance coverage.

Copyright © 2021 Accenture. All rights reserved. Accenture and its emblem are logos of Accenture.

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SOURCE: Accenture

Copyright Enterprise Wire 2021.

PUB: 12/07/2021 06:59 AM/DISC: 12/07/2021 06:59 AM


Copyright Enterprise Wire 2021.

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