What position will insurance coverage play sooner or later? How can insurers work with prospects and parallel industries to create tangible worth and make a constructive impression on our planet? These are among the questions answered within the Qorus-Accenture Innovation in Insurance coverage Developments Report, which is out now. I consider that this yr’s traits present how insurers and their companions are reinventing themselves to assist the evolving wants of their prospects, intermediaries and workers.
The report gathers wealthy and various information from the a whole lot of submissions acquired by the Qorus-Accenture Innovation in Insurance coverage Awards, an annual awards program that celebrates the wide selection of improvements shaping the way forward for the trade, from sensible, collaborative ecosystems to forcing makes use of of AI and extra. From vaccination incentive packages to distant claims evaluation options and AI-enabled well being checks, this yr’s awards confirmed clear traits in insurance coverage innovation and illustrated how innovation continues to mature post-pandemic. There is no such thing as a doubt that the precept of offering related insurance coverage services to prospects has developed into one thing a lot wider, extra integrative and extra human. It’s an thrilling, constructive time to be within the insurance coverage trade.
The recently-released 2022 report tells a compelling story of innovation within the trade, supported by a variety of sensible examples. Obtain the report back to not solely see how innovation in insurance coverage is being manifested in several markets, however to listen to insurers inform their innovation story and motivation in their very own phrases.
Qorus-Accenture Innovation in Insurance coverage Developments 2022: Our report highlights the important thing insurance coverage innovation traits which might be shaping the trade.
These are the important thing traits which might be mentioned in depth within the report.
- Development 1: Genuine omnichannel
Participating buyer expertise, anyplace and in all places
- Development 2: Embedded ecosystems
Complementary ecosystems for deeper worth
- Development 3: Well being and wellbeing convergence
Making prospects’ lives higher and proactively decreasing danger
- Development 4: Sustainable insurance coverage
Positively contributing to communities and the planet
- Development 5: AI and Tech differentiation
Clever expertise that units insurers aside
- Development 6: Workforce rearchitected
The folks powering the reimagined insurance coverage panorama
It’s thrilling to see how these traits are influencing behaviors and contributing to safer, greener and extra inclusive trade practices, enabling insurers’ constructive impression on society.
The Qorus-Accenture Innovation in Insurance coverage Awards represent a significant alternative to share your organization’s excellence in insurance coverage innovation. Enter the 2023 awards.
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