The worldwide leading award for wearable technologies, WT Innovation World Cup, has a new partner: Allianz Digital Accelerator, a company of Allianz.
The Allianz Digital Accelerator develops new digital business models and accelerates their execution and implementation within Allianz. Allianz is an international financial service provider that offers products and solutions in insurance and asset management to approximately 78 million customers worldwide,
The Allianz Digital Accelerator introduces the “Evolve Insurance Award” to the WT Innovation World Cup to foster the development of smart wearable technology that will have an impact on safe living.
Bernd Scharrer, Co-Managing Director of Allianz Digital Accelerator GmbH says: “The number of applications related to insurance business is much higher than most people might expect. Therefore, we are looking for great new ideas that can be incorporated into the value chain of an insurance company, have the potential to add value to the lives of our customers and thereby evolve our business.”
With the “Evolve Insurance Award”, the company is looking for business model and service innovations. This includes innovative ideas regarding value propositions and value architecture, as well as revenue and cost models. Another possible angle is changing customer relations as well as affiliations to partners and suppliers.
The winning concept will be supported and championed by the Allianz Digital Accelerator team within the overall company organization, multiple country and business units, potentially providing a way to prove out a business model and product at scale.