The 2024 Qorus Innovation in Insurance Awards submission guide

The submission process

The Qorus Innovation in Insurance Awards 2024 are open to all insurance organizations, regardless of their Qorus membership status or the country in which they operate.

There is no charge to enter, or to participate in the awards ceremony if you are a finalist.

You can submit as many projects as you want, even in the same category. However, the same project cannot be submitted in multiple categories. Please select the category that is most suitable for your innovation. The Qorus Selection Committee reserves the right to change the project's category.

Only innovations launched or enhanced after January 1, 2022, will be eligible for the 2024 edition.

All Qorus financial institution members have full access to review all submissions, and the submissions will be saved and made available in the Qorus Innovation Library. Therefore, only include information in your submission that you are willing to disclose to the public.

You cannot submit your innovation in the Global Innovator category. This special category awards the most innovative insurers and you need at least 3 entries in any of the other six categories to qualify. The winners are the organizations whose corporate vision is fully committed to continuous innovation and transformation, to the development and leadership of a broad ecosystem of partners extending beyond insurance and to the strategic use of emerging technologies that improve the experience of its customers and the performance of its business.

How are the winners chosen?

Following the submission deadline, the Qorus Selection Committee reviews all the submissions and selects nine innovations from each category to become nominees based on three 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 and a significant return on investment.

Universality: the innovation’s adaptability across different markets and countries.

In the case of the Global Innovator category, the Committee shortlists up to 12 applications.

Then, Qorus members and non-members vote for the top 3 finalists in each category online (except the Global Innovator). These votes make up 50 percent of the final scores (40 percent from Qorus members and 10 percent from non-members) with the remaining 50 percent coming from Awards Jury members. The jury comprises senior insurance executives from around the world. The jury also selects the winning Global Innovators from the shortlisted nominees. 

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