Efma and Accenture Announce Winners of Innovation in Insurance Awards in North America
07 Noviembre 2019 - 8:59AM
Business Wire
Awards ceremony celebrates top innovations
transforming the insurance industry
Efma, an association of more than 3,300 retail financial
services companies in 130 countries, and Accenture (NYSE: ACN) have
announced the winners of the second Efma-Accenture Innovation in
Insurance Awards in North America.
The awards, presented yesterday at a ceremony held in Chicago,
celebrate the best of innovation and act as a benchmark for
excellence across the insurance industry.
This year’s winners are:
RGA – winner of the Business & Operating Model
Transformation category for APEXA, an innovative digital platform
that has transformed life advisor screening, contracting, and
compliance in the Canadian life insurance industry. Through
automated screening and ongoing monitoring of advisors, APEXA is a
simplified risk mitigation tool that drives cost savings through
operational efficiencies.
Skopenow – winner of the Insurtech category for its data
analytics platform developed for fraud detection in both the
underwriting and claims processes. Skopenow’s automated platform
combines mass aggregation, identity resolution, and computer vision
analytics to enable users to search through unstructured data.
Trupanion – winner of the Offering & Experience
Innovation category for automating claims in pet insurance.
Trupanion uses artificial intelligence-driven automation to pay
claims directly to the veterinary practice in less than 30 seconds.
Customers pay only their share of the bill, reducing out-of-pocket
costs.
Metlife – winner of the NA Innovator of the Year award
for several innovations, including: “Enroll Hero Partnership,”
which identifies and mentors startups developing technologies in
the insurance space; “Vitana,” the world’s first automated
insurance solution using blockchain technology to offer pregnant
women financial protection against gestational diabetes; “Pilot
Onboard Process,” which reduces the process for onboarding proof of
concept and pilot project suppliers from nine months to four weeks;
and “Claims Value Chain Transformation,” a multi-year program to
transform the claims value chain.
The winners were selected by a panel of judges comprising senior
executives from insurers in North America. Each entry was assessed
using three criteria: originality; strategic capacity to generate
long-term competitive edge and return on investment; and
adaptability for use in other markets and countries.
“Once again we are excited to highlight the innovative insurance
projects rolled out in the past year in North America,” said
Vincent Bastid, Efma’s CEO. “We received even more submissions than
last year, demonstrating this market’s focus on innovation in the
current environment. Congratulations to this year’s winners on
their achievements.”
Jim Bramblet, who leads Accenture’s Insurance practice in North
America, said, “Insurers are capturing the opportunity to innovate
and transform their business models to compete in a new digital
economy and maintain relevance with their customers. It’s very
encouraging to see an increasing number of U.S. and Canadian
insurers embracing new technologies to develop innovations around
the customer experience, transform their operations and create new
efficiencies. We applaud the great work of this year’s
winners.”
To find out more about the award-winning innovations, visit
www.efma.com/innovationininsurance or follow the conversation on
Twitter at #InsAwards19.
About Efma
A global non-profit organization, established in 1971 by banks
and insurance companies, Efma facilitates networking between
decision-makers. It provides quality insights to help banks and
insurance companies make the right decisions to foster innovation
and drive their transformation. Over 3,300 brands in 130 countries
are Efma members.
Headquartered in Paris. Offices in London, Brussels, Barcelona,
Stockholm, Bratislava, Dubai, Milan, Montreal, Istanbul, Beijing,
Tokyo, and Singapore. Learn more www.efma.com
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions — underpinned by the world’s largest
delivery network — Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With 492,000 people
serving clients in more than 120 countries, Accenture drives
innovation to improve the way the world works and lives. Visit us
at www.accenture.com.
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Natalie de Freitas Accenture +44 7380 799 196
natalie.de.freitas@accenture.com
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