Third paragraph, under "Property & Casualty Innovator of the Year" of the release dated November 19, 2024, has been revised.

The updated release reads:

2024 GLOBAL INNOVATION AWARDS WINNERS CELEBRATE BREAKTHROUGHS IN GENOMICS, FIRE PREVENTION, AND CLIMATE RESILIENCE

The International Insurance Society (IIS), Insurance Thought Leadership (ITL), and Lloyd’s are proud to announce the winners of the 2024 Global Innovation Awards. These awards recognize organizations for pioneering innovative solutions to critical challenges in insurance and risk management. Winners were honored at an awards ceremony on Nov. 18 at the Hyatt Regency Miami. The ceremony was a highlight of the Global Insurance Forum, held Nov. 17-19.

2024 Global Innovation Awards Winners:

Life | Health | Retirement Innovator of the Year

Hannover Re and healthŌme for integrating genomics into critical illness cover. By leveraging genomics, this partnership delivers groundbreaking advancements in risk assessment and personalization, enhancing the value of critical illness products for insurers and policyholders alike.

Property & Casualty Innovator of the Year

Insurance Development Forum’s Tripartite Programme, in partnership with the United Nations Development Programme (UNDP) and the German Federal Ministry for Economic Cooperation and Development (BMZ), for driving resilience against climate risks. This initiative provides innovative climate risk financing and insurance solutions to support vulnerable populations in mitigating the impact of climate change and natural disasters.

Predict & Prevent Innovator of the Year

Whisker Labs’ Ting for using sensor technology to prevent fire hazards. Ting’s advanced system identifies electrical issues in homes, averting fire risks, saving lives, and reducing massive property loss.

About International Insurance Society

IIS is a diverse and inclusive platform for all stakeholders of the global insurance and risk management community. Founded in 1965, IIS is a global 501(c)3 not-for-profit organization dedicated to connecting and empowering the world's insurance leaders. Through forums, programs, and research, the IIS fosters collaboration and innovation within the industry. IIS is an affiliate of The Institutes.

About Insurance Thought Leadership

ITL is a global network of thought leaders and decision makers transforming the insurance and risk management marketplace through knowledge sharing, big ideas, innovative technology, and real-life applications. ITL positions readers to be smarter about the drivers transforming the insurance industry and to connect members in ways that lead to innovation and strategic advantage. ITL is an affiliate of The Institutes.

About The Institutes

The Institutes are a global not-for-profit comprised of diverse affiliates that educate, elevate, and connect people in the essential disciplines of risk management and insurance. Through products and services offered by The Institutes’ nearly 20 affiliated business units, people and organizations are empowered to help those in need with a focus on understanding, predicting, and preventing losses to create a more resilient world.

About Lloyd’s

Lloyd's is the world’s leading marketplace for insurance and reinsurance. Through the collective intelligence and expertise of the market’s underwriters and brokers, we’re sharing risk to create a braver world. The Lloyd’s market offers the resources, capability, and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241119586929/en/

The Global #Innovation Awards recognize organizations for pioneering innovative solutions to critical challenges in #insurance and #riskmanagement. @The_Institutes