New and Disruptive Technologies Take Center Stage at Efma–Accenture Innovation in Insurance Awards in London
April 27 2017 - 2:33PM
Business Wire
Entries showcased artificial intelligence, the
internet-of-things and blockchain
Emerging technologies such as artificial intelligence, the
internet-of-things and blockchain were prominently featured among
the winners of the second annual Efma-Accenture Innovation in
Insurance awards announced in London. Aimed at showcasing the best
examples of insurance technology innovations in multiple
categories, the awards this year attracted nearly 220 entries from
nearly 150 institutions in 38 countries.
Piercarlo Gera, senior managing director, Financial Services,
Accenture Distribution & Marketing, said, “This year’s entries
truly set a new benchmark for innovation in insurance. It was clear
from the diverse range of submissions that insurers around the
world are acting with urgency to innovate for their customers and
capitalize on emerging new technologies like artificial
intelligence, the internet-of-things and blockchain.”
Assicurazioni Generali S.p.A. (“Generali”) / Generali Italy
received the 2017 Global Innovator of the Year award. The company
was recognized by a panel of independent judges for its strong
focus on innovation in all submissions, including its work on crowd
sourcing, incubation initiatives, collaboration with startups and
partnerships with global organizations.
Moshe Tamir, global head of Digital Transformation, Generali,
said, “We’re delighted that our commitment to innovation around the
world has been recognized. The insurance landscape is changing fast
and digital transformation is at the center of this change. At
Generali, we see new technology as instrumental in creating an even
stronger relationship with our clients and distributors, and
further shaping our business for the future.”
Second place in the Global Innovator of the Year category went
to Tokio Marine & Nichido Fire (Japan), while AXA Group (Italy)
completed the top three.
Four other category winners were announced at the awards show in
London:
- Connected Insurance &
Ecosystems Tokio Marine & Nichido Fire (Japan) won in this
category for its ‘Sharing Medical Information on Blockchain’
offering. By sharing patients’ medical information between relevant
parties using a blockchain platform, the submission noted that the
number of unnecessary medical examinations fell, administrative
costs declined and the quality of service improved. Europ
Assistance Group in Italy and Belgium-based Qover were
runners-up.
- Customer Experience &
Engagement ‘AXA Sure’ from AXA Group (France) prevailed in this
category with an app that allows information on household contents
to be digitized and stored. Users benefit from policy transparency
and faster processing in the event of a claim. Second place went to
‘MyAngel’ from Italy-based Groupama Assicurazioni, and third place
went to ‘Consultation through Telemedicine’ from Bradesco Seguros
in Brazil.
- Intelligent Automation The
winning submission in the Intelligent Automation category was
‘Allianz AI Sales Smart Mentoring’ from Allianz (France) – a smart
mentoring solution that provides real-time analysis and diagnosis
for salesforces to harness the full potential of their commercial
relationship skills. ‘Artificial Intelligence-Assisted Claim
Document Recognition System’ from Tokio Marine & Nichido Fire
(Japan) came in second place, with U.S.-based Safeco, a Liberty
Mutual company, placing third.
- Best Disruptive Product or
Service This category went to Médis (Portugal) for its
‘Enhancing Omni Channel by Adding Interactive TV Commerce’
initiative, which was chosen at the evening awards ceremony, with
Slice (USA) and InsureApp (Netherlands) completing the top
three.
Vincent Bastid, CEO of Efma, said, “Not only are these awards
the perfect way to showcase the industry’s spirit of innovation,
they provide an opportunity for insurers to come together and learn
about new best practices. On behalf of the awards committee, I’d
like to congratulate all our entrants and the ultimate winners on
their breakthrough innovations over the last year.”
To learn more about the award-winning innovations, please visit:
www.efma.com/innovationininsurance.
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, Barcelona, Stockholm, Bratislava, Dubai, Mumbai and
Singapore.
Learn more at 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 approximately
401,000 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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AccentureJames Murphy, +
1-917-452-0588james.p.murphy@accenture.comorEfmaAlys Singh, + 33 1
47 42 67 71alys.pr@efma.com
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