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 affect 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 developments 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 a whole bunch 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 trade, from sensible, 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 yr’s awards confirmed clear developments 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 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 several 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 developments which are shaping the trade.

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These are the important thing developments which are mentioned in depth within the report.  

• Pattern 1: Genuine omnichannel
  Partaking buyer expertise, anyplace and in all places 

• Pattern 2: Embedded ecosystems
  Complementary ecosystems for deeper worth  

• Pattern 3: Well being and wellbeing convergence
  Making prospects’ lives higher and proactively decreasing threat  

• Pattern 4: Sustainable insurance coverage
  Positively contributing to communities and the planet 

• Pattern 5: AI and Tech differentiation
  Clever expertise that units insurers aside  

• Pattern 6: Workforce rearchitected
  The individuals powering the reimagined insurance coverage panorama  

It’s thrilling to see how these developments are influencing behaviors and contributing to safer, greener and extra inclusive trade practices, enabling insurers’ constructive affect 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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