We identify and award the most innovative projects in the insurance sector
The awards aim to highlight and share worldwide best practices that will help accelerate the transformation of insurance as we know it for the better.
THE SUBMISSION PHASE
The Efma–Accenture Innovation in Insurance Awards aims to appraise and recognize the most innovative projects, initiatives and ideas in insurance globally. Winners are awarded by their peers, with a rigorous, independent process ensuring the credibility of the awards.
Based on an analysis of winning submissions and best practices, here are seven tips to help you build a compelling case for your innovation
Clearly present the problem you needed to solve; show how you used technology or an innovative idea to solve that problem; and highlight the results with both qualitative and quantitative success metrics.
Remember to directly address each judging criterion: originality, impact and universality. Mapping your key points to each criterion prior to writing your submission entries is a useful exercise
Proofread and edit your submission. While correct spelling and grammar are not criteria, a polished final submission will impress your peers, who have the final say regarding who wins.
Visuals, such as images, videos or screenshots of an application, can make your submission more engaging. Gather your best supporting materials to add as attachments.
Don’t be afraid to talk about your setbacks or challenges and how you overcame them through ideation and implementation. These stories spark inspiration.
Be specific, especially in your results. Use statistics and numbers to show growth or change.
THE SELECTION PHASE
An innovation committee shortlists the best innovation in each category based on 3 criteria
The uniqueness of the idea in the marketplace and its potential as a gamechanger.
The innovation’s capacity to generate a superior, long-term competitive edge and a significant return on investment.
The innovation’s adaptability across different markets and countries.
Last Year's Judges
THE VOTING PHASE
Submissions are first selected by our Selection committee who pick 9 nominees for each category that are then voted on by our entire community!
Votes coming from the Awards Jury, which comprises senior insurance executives from across the world, will represent 50% of the global score
Efma members' vote account for 40% of the vote
Non members are also allowed to vote, but their vote will only account for 10% of the global vote
Our Initiative in Numbers
A GLOBAL AWARDS PROGRAM
"It is a great honour for us to receive this award….I would like to thank Efma and Accenture for the organisation of this ceremony"
Franck Le Vallois - Allianz
“Very proud to be recognised for the award… it is another proof point of the implementation of our strategy”
Moshe Tamir - ex-Generali
“A good opportunity to review what your company is doing and see what is best practice …Thanks to Efma & Accenture for this true celebration of innovation”
Tsukasa Makino - ex-Tokio Marine
OUR PARTNERSHIP AND VALUES
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 120 financial groups in 133 countries are Efma members.
Headquarters in Paris. Offices in London, Brussels, Andorra, Stockholm, Bratislava, Dubai, Milan, Montreal, Istanbul, Beijing, Tokyo and Singapore.
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.