What position 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 consider that this yr’s traits 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 lots of of submissions obtained by the Qorus-Accenture Innovation in Insurance coverage Awards, an annual awards program that celebrates the big 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 applications 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 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.

Qorus-Accenture Innovation in Insurance coverage Tendencies 2022: Our report highlights the important thing insurance coverage innovation traits which might be shaping the business.

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These are the important thing traits which might be mentioned in depth within the report.  

• Development 1: Genuine omnichannel
  Partaking buyer expertise, wherever and all over the place 

• Development 2: Embedded ecosystems
  Complementary ecosystems for deeper worth  

• Development 3: Well being and wellbeing convergence
  Making clients’ lives higher and proactively lowering threat  

• 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 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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