What function will insurance coverage play sooner or later? How can insurers work with prospects and parallel industries to create tangible worth and make a constructive influence on our planet? These are a number of the questions answered within the Qorus-Accenture Innovation in Insurance Trends Report, which is out now. I imagine that this yr’s traits present how insurers and their companions are reinventing themselves to assist the evolving wants of their prospects, intermediaries and staff.
The report gathers wealthy and numerous knowledge from the lots of of submissions acquired by the Qorus-Accenture Innovation in Insurance Awards, an annual awards program that celebrates the big selection of improvements shaping the way forward for the trade, from good, 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 isn’t 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 numerous markets, however to listen to insurers inform their innovation story and motivation in their very own phrases.
These are the important thing traits which are mentioned in depth within the report.
- Development 1: Genuine omnichannel
Partaking buyer expertise, anyplace and in every single place
- 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 know-how 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 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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