Explore the insurance trends for 2024 and beyond

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 optimistic influence 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 12 months’s developments present how insurers and their companions are reinventing themselves to assist the evolving wants of their prospects, intermediaries and workers.

The report gathers wealthy and numerous knowledge from the lots of of submissions acquired 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 packages to distant claims evaluation options and AI-enabled well being checks, this 12 months’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 and products to prospects has advanced into one thing a lot wider, extra integrative and extra human. It’s an thrilling, optimistic time to be within the insurance coverage trade.

The recently-released 2024 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.

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

  • Development 1: Genuine omnichannel
    Partaking buyer expertise, wherever and in every single place 
  • Development 2: Embedded ecosystems
    Complementary ecosystems for deeper worth  
  • Development 3: Well being and wellbeing convergence
    Making prospects’ lives higher and proactively lowering threat  
  • 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 trade practices, enabling insurers’ optimistic influence 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 2024 awards.

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