Angelo Di Rocco is Group Business Development & Partnerships Manager at Generali. This year he is joining the Qorus Innovation in Insurance Awards judging team for the first time, but he knows the Qorus awards inside out. He tells us about the kind of projects he's hoping to see, including solutions that help insurers mitigate natural castastrophes related risks, and those with real value creation for customers and proven product-market fit.
Tell us more about yourself and your role at Generali.
I am a Group BD & Partnerships Manager at Generali, where I focus mostly on health, life and SME P&C propositions. In a nutshell, I am on the lookout for innovative solutions in the market to enrich the way we serve our customers.
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What do you see as the key trends in insurance this year?
Inflation and natural castastrophes have materially impacted insurers in the last couple of years. I expect carriers to be very focused on the technical profitability of ‘legacy’ lines of business, with relatively limited space for innovative products, whose financials are still to be proven.
What kind of innovative projects would you like to see submitted this year?
Natural castastrophes is the name of the game for me. Innovative solutions that could help insurers mitigate this risk (e.g., better loss prevention, better risk assessment, better damage assessment, better value-added services) would be more than welcomed not only by carriers, but also by the awards jury.
You have read many innovation submissions. What do you look for in a winning entry?
Besides being innovative, an innovation needs to translate into real value creation for customers and insurers. This is measured by traction gained on the market: besides nice POC, I would like to see solutions that have proven product-market fit.
What is the one tip you have for those preparing innovation entries this year?
Be as visual as possible, possibly through videos or also through an extensive use of images. Jurors need to go through a great number of submissions and the easier it is for them to grasp their essence, the better.
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