Risk Management

Business Insurance 2021 Innovation Awards

Gavin Souter

September 14, 2021 Reprints

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Restrictions on in-person collaboration during the COVID-19 pandemic do not seem to have stifled innovation in the insurance and risk management sector.

As in 2020, nominations for the Business Insurance Innovation Awards poured in this year, with insurers, brokers, technology providers and others submitting a wide range of products and services designed to address problems and issues facing risk managers.

Several of the submissions addressed problems related to the pandemic, others were designed to deal with climate change-related issues, and many were directed at making the risk management process more efficient.

The program, which is in its 12th year, highlights innovation across the sector and recognizes some of the outstanding work being carried out at companies ranging from global insurers and brokers to specialist startups.

The 12 winners were determined by an independent panel of judges composed of professional risk managers, who reviewed and scored all of the entries.

The 2021 Innovation Awards judges were Michelle Bennett, senior director, executive staff operations, at Cable One Inc.; Luke Figora, vice president for operations at Northwestern University; Jason Mezyk, vice president, risk and insurance, at Revantage Corporate Services, a Blackstone company; Audrey Rampinelli, senior vice president, risk management and insurance services, at Mastercard Inc.; Jennifer Reno, global risk manager at QVC Inc.; Lori Seidenberg, global director of real assets insurance risk management, at BlackRock Inc.; and Carlos Sintes, claims manager at Fortune Brands Home & Security.

The winners will be recognized during a virtual awards event on Sept. 30. For more information, visit businessinsurance.com.

THE WINNERS

CorVel
Virtual Functional Restoration

eDriving
Mentor by eDriving

FM Global
Equipment Predisposed

Liberty Mutual Insurance
Liberty Mutual ErgoValuator

MakuSafe
MakuSafe Wearable & MakuSafe Risk Analytics Platform

Marsh
Risk Resilience Diagnostic

Marsh
SPAC D&O Insurance Solution

Origami Risk
ERM Crowdsourcing Assessment

Parametrix Insurance Services
Cloud Downtime Insurance

Rathbone Group
E-notary service