LONDON – 15th December 2020 –AkinovA’s CEO, Henri Winand, has been named as one of the Top Ten InsurTech Leaders by ACORD, the global standards-setting body for the insurance and related financial services industries.
Every year, ACORD evaluates vision, execution, and outcomes to identify the Top Ten Leaders with the greatest current and future ability to change the industry through InsurTech.
This year, ACORD presented their InsurTech Leaders list in conjunction with Alchemy Crew. Together, they identified three key threads driving InsurTech innovation in the current environment. They believe these focus areas will continue to be of profound relevance as we move from 2020 to 2021.
Collaboration: For InsurTech, collaboration has always been at the core of the business models that truly drive change and differentiation. Leaders in this space bridge the gap between startups and the large, established players, embracing the benefits of each. Carriers, brokers, and solution providers alike have learned that the most effective path to innovation often lies in co-developing with trading partners along each step of the process, so that business informs technology and vice versa.
Sustainability & Inclusion: The insurance industry has both an opportunity and an obligation to secure a positive future for both itself and those it serves. Whether providing opportunities within the industry through their own hiring and retention practices, or expanding insurance into underserved markets, these leaders are driving much-needed change. They provide equal access to resources and opportunities to those who might otherwise be excluded or marginalized, and are able to meet their own needs without compromising future generations.
Global Ecosystem-building: The insurance industry is finally embracing the idea that robust networks, interconnected systems, and global digitization are not optional—they are necessary for efficiency and growth. Ecosystem-building leaders are on the cutting edge of these developments, accelerating the pace of change. They understand the power of network effects, and embrace “coope-tition” with their industry counterparts. They have also begun to collaborate beyond the insurance industry, tapping into new sources of experience and expertise.
AkinovA is an independent electronic marketplace for the transfer and trading of re/insurance risk which is regulated in Bermuda. The marketplace is a regulated electronic environment where insurance and reinsurance risks can access new sources of capacity as well as increase the efficiency of transferring and trading re/insurance risks in the primary and secondary markets. AkinovA also offers re/insurance service providers an additional channel to share their models, data and expertise with market participants. AkinovA is working with the existing re/insurance value chain to grow the overall market.
AkinovA operates with the regulatory oversight from the Bermuda Monetary Authority (BMA), under AkinovA’s Insurance Regulatory Sandbox licence.
ACORD (Association for Cooperative Operations Research and Development) is the global standards-setting body for the insurance and related financial services industries. ACORD facilitates fast, accurate data exchange and efficient workflows through the development of electronic standards, standardized forms, and tools to support their use.
ACORD currently engages more than 8,000 participating organizations spanning over 100 countries, including insurance and reinsurance companies, agents and brokers, software providers, financial services organizations, and industry associations. ACORD maintains offices in New York and London.
Learn more at www.acord.org.