Submit case studies of your most innovative insurance projects for an opportunity to showcase your best ideas in front of a global audience.

Today it’s my pleasure to announce that the Efma Accenture Insurance Innovation Awards are open for submissions. Presented at the Efma Insurance Summit in Milan on June 9, 2016, these awards offer an exciting new opportunity for insurers to showcase their novel ideas and brilliant innovations and to achieve global recognition in front of the most influential names in insurance.

The Efma Accenture Insurance Innovation Awards program, a joint initiative from Efma and Accenture, aims to identify and award the most innovative insurance initiatives and projects around the world. Efma is a global non-profit organization that brings together more than 3,300 banking and insurance companies from more than 130 countries.

Submission categories

This year the awards will be divided into four categories:

  • Best Disruptive Product or Service
  • Claims Management
  • Customer Experience and Engagement
  • Digital and Omnichannel Distribution

There will also be an award for Global Innovator to recognize the most innovative insurance player worldwide. The winner of this award will be an insurer committed to an overall vision of innovation, developing innovative projects to continuously transform its business model, and developing and leading a broad ecosystem of partners within and beyond the insurance industry.

How are winners selected?

An Efma Committee will identify a selection of nominees, and then Efma members and an Innovation Awards Committee composed of Efma Board members and insurance executives will vote on the winners. Finalists and winners will be selected based on:

  • Originality: The uniqueness of the idea in the marketplace and its potential as a game changer.
  • 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.

Why enter?

Apart from the chance of being recognized for their brilliant ideas and superb execution, by participating in the program insurers support the promotion of best practices across the industry. Case study submissions will be featured on Efma’s Insurance Innovations site, alongside other great initiatives that are helping to transform insurance around the world.

To learn more about the Efma Accenture Insurance Innovation Awards or to submit your innovation, visit the Efma Insurance Innovations website. Submissions close April 18, 2016.

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