Efma and Accenture Launch 5th Annual Innovation in Insurance Awards
December 11 2019 - 4:59AM
Business Wire
Applications now being accepted for program
recognizing the best innovations in insurance globally
Efma and Accenture (NYSE: ACN) are now accepting applications
for the fifth annual Efma-Accenture Innovation in Insurance Awards,
which recognize insurers and insurtechs that are transforming the
insurance industry.
Established in 2016, the awards celebrate the most innovative
projects and ideas in insurance and provide a forum for
organizations to share best practices.
The categories for the Efma-Accenture Innovation in Insurance
Awards 2020 are:
- Global Innovator (overall winner)
- Connected Insurance & Ecosystems
- Core Insurance Transformation
- Customer Experience
- Insurtech
- Product & Service Innovation
- Workforce Transformation
Companies can submit their entries at www.efma.com/insawards20
by April 10, 2020.
Each entry will be assessed using three criteria: originality;
strategic capacity to generate long-term competitive edge and
return on investment; and adaptability for use in other markets and
countries.
Winners will be selected by a panel of judges of senior insurers
and by Efma members and non-members from insurance institutions
voting online. The winners will be announced at an awards ceremony
in Milan on June 4. A separate ceremony for North American winners
will be held in November.
“We want to encourage forward-thinking companies to share their
stories and be recognized for taking the insurance industry to an
exciting and competitive new chapter,” said Vincent Bastid, CEO of
Efma. “These awards showcase the best in innovation, and we are
excited to see how insurers have taken digital transformation to
the next level.”
Peter Kirk, who leads Accenture’s Customer Insight & Growth
for Financial Services practice, said, “It’s vital that the
insurance industry embraces a digital future, and we’re already
seeing insurers and insurtechs transforming a once-traditional
industry into one that is vibrant with new ideas. Our awards aim to
recognize those who are facing the future fearlessly and putting
the customer at the heart of the business.”
The awards program has attracted a growing number of
applications since its launch. Last year’s program drew a record
395 submissions — an increase of nearly 25% over the previous year
— from 287 institutions across 54 countries. Zurich (Switzerland)
received the top award, Global Innovator, for several innovative
products it brought to market.
To find out more about the awards and the benefits of entering,
visit www.efma.com/insawards20 or follow the conversation on
Twitter at #InsAwards20.
About Efma
A global non-profit organization 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, Andorra, Stockholm, Bratislava, Dubai, Milan, Montreal,
Istanbul, Beijing, Tokyo, and Singapore. Learn more:
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 492,000 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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version on businesswire.com: https://www.businesswire.com/news/home/20191211005083/en/
Anna Quinn Efma +33 1 47 42 67 71 anna.quinn@efma.com Natalie de
Freitas Accenture + 44 7380 799 196
natalie.de.freitas@accenture.com
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