Global Innovation Awards Finalists Announced by IIS and Lloyd’s
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Global Innovation Awards Highlight Trailblazers in Insurance
In a significant event, the International Insurance Society (IIS), Insurance Thought Leadership (ITL), and Lloyd's have revealed the finalists for the renowned Global Innovation Awards. These awards aim to acknowledge organizations that excel in driving innovative solutions and promoting sustainability within the insurance and risk management arena.
Celebrating Innovation and Sustainability
The Global Innovation Awards play a vital role in promoting best practices and innovation among insurance professionals. As industries globally face increasing challenges, the awards highlight those who are leveraging creativity and ingenuity to redefine risk management. Lloyd's is particularly dedicated to supporting innovative products that can help mitigate current and future risks.
Commitment to Positive Change
Dawn Miller, the Chief Commercial Officer of Lloyd's, emphasized the importance of collaboration in mitigating risk. "Our industry is redefining the scope and opportunity of risk management through innovation. Together with Lloyd’s, we celebrate those who drive positive change and contribute to a more sustainable society," she shared. Josh Landau, president of the IIS, reiterated this commitment, showcasing the collective effort to push boundaries within the insurance sector.
A Diverse Range of Categories
Finalists in several award categories are evaluated by esteemed panels of innovation experts, ensuring that the best and brightest are recognized for their efforts. The categories span various segments of the insurance industry, focusing on innovative practices and solutions that promise to revolutionize traditional approaches.
Spotlight on Life/Health/Retirement Innovators
Among the finalists for the Life/Health/Retirement Innovator of the Year are groundbreaking initiatives such as:
- AON Health Risk Analyzer: A proactive model designed to assist employers in effectively managing high-cost claimant risks.
- Hannover Re and health?me: Their collaborative effort enhances critical illness cover by integrating genomics into insurers’ offerings.
- RGA’s Simplified Issue Expansion Project: A cutting-edge automated underwriting solution for Simplified Issue products.
Innovations in Property and Casualty
The finalists for the Property/Casualty Innovator of the Year category showcase the following initiatives:
- IDF’s Tripartite Programme: Focused on climate risk financing, this program drives resilience against natural hazards.
- Liberty+: Liberty Mutual’s digital platform empowers homeowners to address and mitigate risk effectively.
- Gallagher Bassett's Clinical Concierge: An innovative resource that connects clinical networks at the first notice of a workers' compensation claim.
Emphasis on Predictive Innovation
For the Insurtech Predict & Prevent Innovator of the Year category, finalists exemplify forward-thinking solutions:
- Praedicat - CoMeta: A unique risk modeling and analytics platform based on scientific forecasting.
- Roadzen: Innovating auto insurance, this platform harnesses AI for enhanced mobility solutions.
- Whisker Labs - Ting: A sensory technology designed to identify fire hazards, ultimately saving lives and reducing property loss.
Details on the Awards Ceremony
The Global Innovation Awards ceremony is set to be held at the Hyatt Regency Miami. During this event, attendees will have the opportunity to interact with finalists, particularly in the Insurtech Predict & Prevent category, where they will participate in voting to determine the winner. For other categories, decisions will be made by the IIS Executive Council post-presentation.
About IIS and Its Mission
The IIS is a non-profit organization established to serve as a platform for global insurance thought leadership. Its mission is to connect and empower industry leaders through various programs, enhancing collaboration and innovation within the sector.
Roles of ISL and Lloyd’s
Insurance Thought Leadership (ITL) aims to revolutionize the market through knowledge sharing and technological innovation, while Lloyd’s remains at the forefront of global risk management and insurance strategies. Together, they form a triad committed to advancing the insurance landscape.
Frequently Asked Questions
What are the Global Innovation Awards?
The Global Innovation Awards recognize organizations demonstrating exceptional achievements in innovation and sustainability within the insurance industry.
Who are the finalists in the awards?
Finalists include diverse organizations across categories such as Life/Health, Property/Casualty, and Insurtech, showcasing innovative projects and solutions.
Where will the awards ceremony take place?
The ceremony is set for the Hyatt Regency Miami, coincidentally with the Global Insurance Forum.
Who evaluates the finalists for the awards?
A distinguished panel of innovation experts evaluates the finalists based on their effectiveness and creativity in proposing solutions.
How can I learn more about the Global Innovation Awards?
For more information, interested parties are encouraged to explore topics related to the IIS, ITL, and Lloyd’s respective initiatives and contributions to the insurance industry.
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