Efma and Accenture Issue Call for Entries for Second Innovation in Insurance Awards
December 09 2016 - 12:33PM
Business Wire
Global program to recognize and promote
cutting-edge innovation in the insurance sector
Efma and Accenture (NYSE:ACN) have issued a joint call for
entries for the second annual Innovation in Insurance Awards, with
insurance and bancassurance companies invited to submit their
entries by 8 March 2017.
For information on submitting an entry, please click here or
visit www.efma.com/innovationininsurance/.
Accenture partnered with Efma, a global association comprising
more than 3,300 insurance and banking members, to launch the global
awards program in 2016. The annual awards seek to recognize
outstanding new services and encourage innovation across the
sector, while providing a forum to share industry insights and best
practices.
The first round of the awards attracted more than 224
submissions from 148 institutions across 37 countries.
“These awards will unearth the best insurance innovation in the
world, while providing a unique platform for executives to come
together, learn from each other and take away new ideas to improve
their business,” said Karine Coutinho, deputy general manager and
head of delivery at Efma, and project leader of the awards
initiative.
Piercarlo Gera, senior managing director, Financial Services,
Accenture Distribution & Marketing said: “As insurers continue
to grapple with a challenging macroeconomic environment, changing
customer behavior and wave after wave of new regulations,
technology’s role as an enabler has never been more prominent. Old
business models are being up-ended by nimble, new solutions, so
it’s imperative that insurers constantly look for new approaches.
These awards are a critical part of that process.”
The 2017 Innovation in Insurance awards will canvass the best
solutions across five categories:
- Connected Insurance or
Ecosystems: Innovations that use the Internet-of-things to
create new business models by effectively combining insurance with
technology, ecosystem services and partners.
- Customer Experience and
Engagement: Innovations that radically enhance the way
insurance players engage customers. New approaches may include
seamless and personalized experiences across physical and/or
digital channels, new customer management (service) models, and
innovative management of customer loyalty and satisfaction.
- Intelligent Automation:
Innovations that leverage the disruptive power of artificial
intelligence technologies (such as intelligent automation,
robotics, machine learning etc.) to deliver sophisticated,
effective business solutions.
- Best Disruptive Product or
Service: Innovations that enhance, extend or replace the
traditional offering, creating new profit pools by serving new
customer segments or existing segments in new ways, and entering or
creating new markets typically beyond the reach of insurance
players.
- Global Innovator: The most
innovative insurer. The global winner is the organization whose
corporate vision commits it successfully to continuous innovation
and transformation, to the development and leadership of a broad
ecosystem of partners extending beyond insurance, and to the
exploitation of emerging technologies that improve the experience
of its customers and the performance of its business.
Global Innovator is a special category for which the jury will
select finalists based on the other four categories. Across all
categories, an Innovation Committee will shortlist finalists for
each award, with a jury of insurance executives and Efma members
then voting for the winners.
The winners will be announced at the Efma Insurance Summit in
London on 26 April 2017. Information about last year’s categories
and award winners is available here.
About Efma
A global non-profit organisation, established in 1971 by banks
and insurance companies, Efma facilitates networking between
decision-makers. It provides quality insights to help banks and
insurance companies make the right decisions to foster innovation
and drive their transformation. Over 3,300 brands in 130 countries
are Efma members. Headquarters in Paris. Offices in
London, Brussels, Barcelona, Stockholm, Bratislava, Dubai, Mumbai
and Singapore. Learn more at www.efma.com.
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions – underpinned by the world’s largest
delivery network – Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With approximately
384,000 people serving clients in more than 120 countries,
Accenture drives innovation to improve the way the world works and
lives. Visit us at www.accenture.com.
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EfmaFlorence Chatelet, + 33 6 77 43 02
32florence@efma.comorAccentureJames Murphy, + 1
917-452-0588james.p.murphy@accenture.com
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