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The sixth annual Efma-Accenture Innovation in Insurance Awards will be revealed at a virtual awards ceremony on June 3rd. The Efma-Accenture Innovation in Insurance program is a joint initiative that aims to reward the most innovative distribution and marketing projects developed by insurance companies across five continents. Efma members and non-members from financial institutions have until April 30th to vote for the winners of this year’s edition.
“Just as insurers are creating ecosystems for their customers and products, we have our own unique ecosystem that provides an excellent opportunity for these companies to showcase their innovations,” said Hannah Moisand, Efma’s Head of Strategic Partnerships who leads the awards initiative.
This year, Efma received 460 innovations from 290 institutions in 55 countries, a new record of submissions. An expert panel has selected nominees for awards in six different categories. Both Efma members and non-members can vote for the winners in each of the six categories by visiting our portal and selecting their top three innovations per category.
This year’s nominees are:
Core Insurance Transformation
• AXA (Spain) - A.Iconic Claims
• China Life Insurance Company (China) - Intelligent value evaluation system for sales force
• Discovery (South Africa) - AI Quote
• FWD Insurance Group (Hong Kong) - FWD Smart Insurance Framework: AI-Everywhere
• Generali (France) - Fund transaction through blockchain
• Humania Assurance (Canada) - PROHEALTHINSURANCE.CA: Income Insurance – Accident
• MAPFRE (Spain) - Verbatims
• Multiasistencia Group (Spain) - MACARENA
• RBC Wealth Management (Canada) - Conversational AI Platform driven by Personal Insights for Life Insurance Application
Customer Experience
• Aflac Life Insurance (Japan) - AI Chatbot with 3D Avatar that Communicate with Natural Conversations
• APRIL Santé Prévoyance (France) - Digitalized cards in e-wallets
• AXA Assistance (France) - TechOut
• Bajaj Allianz Life Insurance (India) - Smart Assist
• FNB (South Africa) - We've got you Covi(r)d
• Generali Welion (Italy) - WelionAPP
• Intesa Sanpaolo Vita (Italy) - Area X
• MAPFRE (Spain) - MiAbot (Mapfre Intelligent Assistance bot)
• TAL (Australia) - Headlight
Connected Insurance & Ecosystems
• AXA XL (USA) - AXA XL Construction Ecosystem
• Baloise (Switzerland) - Inshareance
• China Life Insurance Company (China) - Direct-billing claims settlement service for poverty-stricken segment
• Chubb (USA) - Chubb Studio
• MAPFRE (Spain) - MAPFRE Digital Ecosystem Platform
• Mitsui Sumitomo Insurance (Japan) - Innovative corporate and social problem-solving service through a data ecosystem that goes beyond the provision of insurance
• NTUC Income (Singapore) - SNACK by Income
• The Hartford (USA) - The Hartford Global Insurer Network & Global Online Trading Platform
• Wakam (France) - Self-service Insurance
Insurtech
• Air Doctor (UK) - Air Doctor Telemedicine Service
• Azur Group (UK) - SmartHome
• Bolttech (Singapore) - Embedding insurance ecosystems into non-insurance market innovators
• Brit Insurance (UK) - Ki Insurance
• Bsurance (Austria) - Real-time accident insurance
• Cover Genius (USA) - First-of-its-kind bundle of pandemic products for our travel partners
• HITS (Switzerland) - bAIby - The AI-based Baby Cry Translator
• Kovrr (Israel) - CRA-Zones
• Splitsecnd (USA) - splitsecnd
Product & Service Innovation
• Baloise Assurances (Luxembourg) - Drive Electric
• Beazley (UK) - Reputational Risk Insurance
• Ergo Hestia (Poland) - Blockchain-based Payout Panel
• Moonshot-Internet (France) - Any-cause flight cancellation automatized processing
• Ping An (China) - Ping An One-click Auto Insurance Claims Solution
• Plymouth Rock Assurance (USA) - @Home
• Seguros Unimed (Brazil) - Integrated mobile solution to beneficiaries and the largest medical cooperative system in the world
• Vienna Insurance Group (Poland) - Beesafe | Unique offer of standard motor insurance combined with value added services
• Wakam (France) - "Theft of valuable items" embedded insurance
Workforce Transformation
• Allianz Sigorta (Turkey) - Business Agility Transformation of Allianz Turkey
• ASR (Netherlands) - Employee Mood Monitor | eMood® | proven contribution to more happiness at work, lower absenteeism, higher productivity and customer satisfaction
• Assicurazioni Generali (Italy) - We SHARE App
• AXA (France) - BlockCo : Blockchain for inter-company financial reconciliation
• Bradesco Seguros (Brazil) - Innovation Week Project 2020
• IndiaFirst Life Insurance (India) - Leveraging technology for workforce transformation to quickly adapt during the pandemic times
• Liberty Seguros (Brazil) - Gamificação para Força de Vendas (Gamification for the Sales Team)
• Vida Caixa (Spain) - Vidatathon
• Zurich Insurance Group (Brazil) - The Zuricher Song
Global Innovator
• Aflac Life Insurance (Japan)
• Assicurazioni Generali (Italy)
• Baloise Insurance (Belgium)
• Bradesco Seguros (Brazil)
• China Life Insurance Company (China)
• Discovery (South Africa)
• ICICI Prudential Life Insurance (India)
• MAPFRE (Spain)
• Mitsui Sumitomo Insurance (Japan)
• State Auto Mutual Insurance (USA)
• Vienna Insurance Group (Poland)
• Zurich Insurance (Switzerland)
The winners of each category will be revealed during the Innovation in Insurance Awards online ceremony, which will take place on 3rd June 2021.
For the Product and Service Innovation category, online voters and jury members will shortlist six innovations out of the nine nominated ones. The six shortlisted innovators will present their innovations to the audience at the Innovation in Insurance Awards ceremony. The audience will then cast their votes and the winner will be announced live.
For the Global Innovator category, the Awards Jury will select the winner from the twelve nominees identified by the Awards Committee.