Qorus Innovation in Insurance Awards 2025

The 10th edition of the Qorus Innovation in Insurance Awards is now open for entries until 3rd March 2025! Don't miss out on this incredible opportunity to be recognized and rewarded by one of the world's most prestigious and credible financial services awards programs.

About the awards

This global competition is a showcase of the most exciting and effective innovations that are taking advantage of emerging technologies and responding to the disruption and opportunities in insurance.

 

A rigorous, independent judging and voting process ensures the credibility of the awards. The awards ceremony is recognized as the premier annual gathering of insurance innovators and their ideas worldwide

Financial services professionals and a panel of expert industry jurors collaborate to select the top three winners in each of the eight award regular categories.

The final scores are determined by a weighted voting system: 50% comes from public voting within the financial services sector—40% from Qorus corporate members and 10% from awards members and non-members—while the remaining 50% is decided by the Awards Jury, composed of senior insurance executives from around the world (for any questions regarding your institution's Qorus membership, please contact Diana at diana@qorusglobal.com).

For the Global Innovator category, only jury members participate in the voting process.

There is no charge to enter, or to participate in the awards ceremony if you are a finalist.

Our criteria

An innovation committee shortlists the best innovation in each category based on 4 criteria:

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. This includes KPIs such as RoI, NPS, cost reduction, churn rate, employee engagement score, customer lifetime value (CLV), time reduction, carbon footprint, etc.

Universality: The innovation’s potential to be relevant and/or adapted for use in other markets, or even industries.

Form Quality: A detailed description of the innovation in its various phases, its results, and the addition of presentation slides, videos, or images to visualize and better understand the project.

Key dates

Categories

  • Operational Efficiency

    This category awards insurance companies that have successfully navigated the complexities of process re-engineering and smarter operations, laying the groundwork for profitable growth. Initiatives cover scalable processes that drive improved efficiency to support a faster pace of growth for the company’s revenue stream and asset base than for its overhead costs.

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  • Product & Service Innovation

    Innovations that significantly enhance, extend or replace the traditional offer, creating new profit pools by serving new customer segments or existing segments in new ways, and entering or creating new markets typically beyond the reach of insurance players.

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  • Re-imagining the Customer Experience

    Innovations that significantly enhance the way companies engage with customers. These new approaches create value through, for example, seamless and personalized experiences across physical and/or digital channels, new customer management models, artificial-intelligence-driven advice, and innovative management of customer loyalty and satisfaction.

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  • Social, Sustainable & Responsible

    Innovations that advance Insurance’s social purpose and its commitment to being a good corporate citizen and a true ally of its customers.

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  • Workforce Transformation

    Innovations that successfully bring together people, culture, leadership, organization and technology, enabling the insurer to realize the full potential of the human and machine workplace.

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  • Insurtech

    The creation and/or application of innovative technology that substantially enhances the customer experience and/or develops new sources of value for insurers. This category is reserved for insurance start-ups and spin-offs, and technology firms targeting the insurance industry. Innovations must be stage-one funded, have a market release proposition, and/ or have completed a successful market proof of concept.

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  • Gen AI Innovation of the year

    Groundbreaking solutions that leverage generative AI to enhance processes, products, and customer experiences within the insurance industry in areas such as underwriting, claims processing, risk assessment, and customer engagement. You cannot submit your innovation in this category, with nominees selected from the awards categories above.

    Vote now
  • Distribution Innovation of the Year

    Groundbreaking approaches to distributing insurance products and services. Celebrating companies that have enhanced customer engagement, expanded market reach, or leveraged technology to transform distribution, it highlights those reshaping how insurance is accessed. This category, which was not open for direct submissions, was added after the submission period had ended.

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Last but not least... the Global Innovator 2025

GLOBAL INNOVATOR OF THE YEAR
The most innovative insurer that displays innovation in their strategic direction, business practices and practical outputs. The winning organization’s corporate vision is fully committed to continuous innovation and transformation, to the development and leadership of a broad ecosystem of partners extending beyond insurance and to the strategic use of emerging technologies that improve the experience of its customers and the performance of its business. Winners must have submitted entries in at least three categories and be invited to submit to the Global Innovator category.

Our expert jury

profile picture of Rajesh Gupta

Rajesh Gupta

CIMB

Regional Head of Affluent Product and Proposition

profile picture of Enrico Tardocchi

Enrico Tardocchi

Europ Assistance Italia

Head of Business Excellence Mediterrean Region

The Future of Insurance Innovation

Reinvent Forum Warsaw - Insurance

Get in touch

Want to get in touch regarding the submission process, invitations or sponsoring this event? Please write us at innovation@qorusglobal.com

Meet the awards team

profile picture of Petra Balazova

Petra Balazova

Qorus

Awards Project Manager

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