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 optimistic influence 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 12 months’s tendencies present how insurers and their companions are reinventing themselves to help the evolving wants of their prospects, intermediaries and staff.
The report gathers wealthy and various information from the lots of 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 business, from good, collaborative ecosystems to driving makes use of of AI and extra. From vaccination incentive applications to distant claims evaluation options and AI-enabled well being checks, this 12 months’s awards confirmed clear tendencies in insurance coverage innovation and illustrated how innovation continues to mature post-pandemic. There isn’t any doubt that the precept of offering related insurance coverage services to prospects has advanced into one thing a lot wider, extra integrative and extra human. It’s an thrilling, optimistic time to be within the insurance coverage business.
The recently-released 2022 report tells a compelling story of innovation within the business, 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.
These are the important thing tendencies which can be mentioned in depth within the report.
- Pattern 1: Genuine omnichannel
Participating buyer expertise, anyplace and all over the place
- Pattern 2: Embedded ecosystems
Complementary ecosystems for deeper worth
- Pattern 3: Well being and wellbeing convergence
Making prospects’ lives higher and proactively lowering danger
- Pattern 4: Sustainable insurance coverage
Positively contributing to communities and the planet
- Pattern 5: AI and Tech differentiation
Clever know-how that units insurers aside
- Pattern 6: Workforce rearchitected
The folks powering the reimagined insurance coverage panorama
It’s thrilling to see how these tendencies are influencing behaviors and contributing to safer, greener and extra inclusive business practices, enabling insurers’ optimistic influence 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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