From Paris with two awards

13.06.2018 09:50

Related tags

Advanon at EFMA award ceremony

Two joint projects developed by startups and AXA have won two of the eight EFMA-Accenture Innovation Insurance award categories. The award recognizes the best ideas that are transforming the insurance industry.

Efma is a not-for-profit association established by bankers and insurers with a focus on retail financial marketing and distribution. Currently, more than 3,000 brands in 130 countries are Efma members, including over 80% of Europe’s largest retail financial institutions.

The association strives for continuous innovation. To achieve this, it organizes the «EFMA-Accenture Innovation Insurance award» which acts as a catalyst for innovation in the insurance sector and encourages insurers to develop better disruptive strategies. The third edition of the competition attracted 320 entries from 237 institutions in 45 countries for the eight award categories.

The Swiss insurance company AXA together with its two startups/AXAnauten, Veezoo and Advanon, won two award categories. The project SIRI-Bution, developed with Veezoo received the Artificial intelligence award. SIRI-Bution uses natural language processing to provide quick answers to employee questions by unlocking complex business data and providing clear and comprehensive insights.

The second project FlexCash platform was developed jointly with Advanon. The project received a prize for the category, Connected Insurance & Ecosystems award. FlexCash helps small and medium-sized enterprises to overcome liquidity bottlenecks and manage their cash flow, enabling them to pre-finance their accounts receivable invoices via the FlexCash platform and receive payment immediately.

Jean-Francois Gasc, Accenture’s insurance strategy lead for Europe, Africa and Latin America, said, “Innovation in insurance shouldn’t just be the domain of insurtechs and other startups. Insurers from around the world are embracing new technologies to develop innovations around the customer experience, transform their operations and create new efficiencies. The winners highlight how the use of AI, machine learning and the internet of things are reinventing insurance.”

(Press release/ran)

Please login or
register to comment

Please login or sign up to comment. Commenting guidelines

Please login or
register to use the
bookmark feature

Related tags

Read more about

Principal

Partners

Contributors

By continuing to use this website you agree with our TERMS AND CONDITIONS

In order to provide the best quality for you, our system uses "cookies", which are stored on your device. Cookies are necessary to identify what information (job advertisement, questionnaire, etc) you have already seen. IP address is used for the same purposes as described above.

When creating a profile, applying to the newsletter, job subscriptions and etc, you agree that the data, which you have entered, will be stored and processed in the system in order to provide services, which you have applied for.

We do NOT sell your personal data to any 3rd party services.

You must be 18 or older years old to use our services. If you are underage, you must have a permission to use our services from your parent or guardian. It is necessary in order to store and process your data.

By continuing to use our services, you agree with the these terms. You can withdraw your agreement at any time, by deleting cookies from your device and by sending request for deleting your data to the administrator.