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

What position 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 among the questions answered within the Qorus-Accenture Innovation in Insurance coverage Traits Report, which is out now.  I imagine that this yr’s developments present how insurers and their companions are reinventing themselves to help the evolving wants of their prospects, intermediaries and workers.

The report gathers wealthy and various knowledge 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 business, from sensible, collaborative ecosystems to driving 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 developments 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 prospects 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.

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

  • Development 1: Genuine omnichannel
    Partaking buyer expertise, anyplace and in all places 
  • Development 2: Embedded ecosystems
    Complementary ecosystems for deeper worth  
  • Development 3: Well being and wellbeing convergence
    Making prospects’ lives higher and proactively decreasing danger  
  • Development 4: Sustainable insurance coverage
    Positively contributing to communities and the planet 
  • Development 5: AI and Tech differentiation
    Clever expertise that units insurers aside  
  • Development 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 business 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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