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Discover the insurance coverage tendencies for 2022 and past | Insurance coverage Weblog

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 affect on our planet? These are a few of the questions answered within the Qorus-Accenture Innovation in Insurance coverage Tendencies Report, which is out now.  I imagine that this yr’s tendencies present how insurers and their companions are reinventing themselves to help the evolving wants of their clients, intermediaries and staff.

The report gathers wealthy and various information from the a whole lot 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 trade, 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 yr’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 and products 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 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 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 can be mentioned in depth within the report.  

  • Pattern 1: Genuine omnichannel
    Participating buyer expertise, anyplace and in every single place 
  • Pattern 2: Embedded ecosystems
    Complementary ecosystems for deeper worth  
  • Pattern 3: Well being and wellbeing convergence
    Making clients’ lives higher and proactively lowering danger  
  • 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 tendencies 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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Disclaimer: This content material is supplied for normal info functions and isn’t supposed for use rather than session with our skilled advisors.
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