June 03, 2021

Efma and Accenture Announce the Winners of Innovation in Insurance Awards 2021



Virtual awards ceremony recognizes insurance innovations and innovators leading industry change for an uncertain future


PARIS; June 3, 2021 – Efma, an association of more than 2,550 retail financial services companies in 133 countries, and Accenture (NYSE: ACN) today announced the winners of the sixth annual Innovation in Insurance Awards during a virtual ceremony.

The awards competition, which recognizes the best insurance technology innovations, attracted 460 entries from nearly 300 institutions in 55 countries — 100 more submissions than received in 2020. This year’s entries reflect the intense drive among insurers to innovate to address new risks and meet changing customer needs amid continued COVID-19-related disruption.


The winners were selected across seven categories by a panel of 25 judges, including senior executives from insurers worldwide. 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.

Ursuline Foley, a member of the Board of Directors for Provident Financial Services and a judge of the awards, said: “The Efma-Accenture Innovation in Insurance Awards highlight the impressive range of innovative insurance initiatives underway globally. They reflect an industry that is preparing for major change.”

The winners of the Efma-Accenture Innovation in Insurance Awards 2021 are:

“With the pandemic, 2020 and 2021 will no doubt stand out in history as being out-of-the-ordinary years,” said John Berry, Efma CEO. “Insurance players have had to face many challenges, requiring them to adapt their offerings and distribution models. In this context, I was impressed by both the quality and the relevance of the projects submitted this year. I congratulate the winners and all those who made submissions, demonstrating their agility in finding customer-focused solutions in a fast-evolving world.”

Daniele Presutti, who leads Accenture’s Insurance industry group in Europe, said, “The insurance industry has moved fast to accommodate the massive changes caused by the pandemic. The industry is accelerating the pace of transformation, leveraging cloud, data, and ecosystems to bring innovative services and offerings to market, like risk advice and prevention methods. We had another great round of submissions this year—these companies are leading change, and not just for this sector — they bring new value to customers and the ecosystem.”

To find out more about the award-winning innovations, visit www.efma.com/innovationininsurance or follow the conversation on Twitter at #InsAwards21.

About Efma
A non-profit organization created in 1971 by leading banks and insurance companies, Efma is celebrating this year its 50th anniversary. Counting now a network of 120 financial groups in 133 countries all around the world, 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. 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 global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 537,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.

Accenture’s Insurance practice helps P&C insurers, life carriers and reinsurers to redefine their business and operating models, enhance the digital experience for customers, and position themselves for growth in a digital economy. To learn more, visit: www.accenture.com/us-en/industries/insurance-index.

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Contact:

Victoria Ancell
Accenture
+44 7446 277 759
v.ancell@accenture.com

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