About the awards
This global competition is a showcase of the most exciting and effective innovations that are taking advantage of emerging technologies and responding to the disruption and opportunities in insurance.
A rigorous, independent judging and voting process ensures the credibility of the awards. The awards ceremony is recognized as the premier annual gathering of insurance innovators and their ideas worldwide
There is no charge to enter, or to participate in the awards ceremony if you are a finalist.
Why enter?
- Help promote a culture of innovation in insurance
- Achieve the recognition of your colleagues
- Be acknowledged by your industry peers
- Gain public acclaim for your organization as an innovation leader
- Network with other executives who are driving innovation
- Benchmark your innovation against those of other insurers
- Be inspired by the creativity and boldness of your peers
Our criteria
An innovation committee shortlists the best innovation in each category based on 3 criteria:
Originality: The uniqueness of the idea in the marketplace and its potential as a gamechanger.
Impact: The innovation’s capacity to generate a superior, long-term competitive edge. This includes KPIs such as RoI, NPS, cost reduction, churn rate, employee engagement score, customer lifetime value (CLV), time reduction, carbon footprint, etc.
Universality: The innovation’s potential to be relevant and/or adapted for use in other markets, or even industries.
Key dates
Categories
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Connected Ecosystems & Marketplaces
Innovative practices that give rise tonew business models, scalable end-to-end value propositions that capitalize on the power of partnerships, platforms and the Internet of Things. Innovations, diversification opportunities and ecosystems may reach beyond the traditional boundaries of insurance, and may be submitted by incumbents, specialized players and other new competitors.
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Re-imagining the Customer Experience
Innovations that significantly enhance the way companies engage with customers. These new approaches create value through, for example, seamless and personalized experiences across physical and/or digital channels, new customer management models, artificial-intelligence-driven advice, and innovative management of customer loyalty and satisfaction.
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Product & Service Innovation
Innovations that significantly enhance, extend or replace the traditional offer, creating new profit pools by serving new customer segments or existing segments in new ways, and entering or creating new markets typically beyond the reach of insurance players.
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Insurtech
The creation and/or application of innovative technology that substantially enhances the customer experience and/or develops new sources of value for insurers. This category is reserved for insurance start-ups and spin-offs, and technology firms targeting the insurance industry. Innovations must be stage-one funded, have a market release proposition, and/or have completed a successful market proof of concept.
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Social, Sustainable & Responsible
Innovations that advance Insurance’s social purpose and its commitment to being a good corporate citizen and a true ally of its customers.
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Workforce Transformation
Innovations that successfully bring together people, culture, leadership, organization and technology, enabling the insurer to realize the full potential of the human and machine workplace.
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Global Innovators
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Our judges
Attend the 6 June awards ceremony at Reinvent Forum Lisbon
Reinvent Forum Lisbon
Reinvent Forum Lisbon - is dedicated to the digital transformation influencing the insurance sector. Our event brings together industry leaders, experts, and innovators to delve into the latest trends and strategies for enhancing customer satisfaction through innovative digital endeavors. Attendees can expect profound insights into the evolving landscape of insurance.
Get in touch
Want to get in touch regarding the submission process, invitations or sponsoring this event? Please write us at innovation@qorusglobal.com
