What function will insurance coverage play sooner or later? How can insurers work with clients 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 coverage Tendencies Report, which is out now. I imagine that this 12 months’s tendencies present how insurers and their companions are reinventing themselves to assist the evolving wants of their clients, intermediaries and staff.
The report gathers wealthy and numerous knowledge from the tons of of submissions obtained 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 forcing makes use of of AI and extra. From vaccination incentive packages 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 clients has advanced into one thing a lot wider, extra integrative and extra human. It’s an thrilling, constructive 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 numerous markets, however to listen to insurers inform their innovation story and motivation in their very own phrases.
These are the important thing tendencies which might be mentioned in depth within the report.
- Pattern 1: Genuine omnichannel
Participating buyer expertise, wherever and all over the place
- Pattern 2: Embedded ecosystems
Complementary ecosystems for deeper worth
- Pattern 3: Well being and wellbeing convergence
Making clients’ lives higher and proactively lowering threat
- 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’ 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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