News Regional30 Oct 2018

New and repeat winners shine at 22nd Asia Insurance Industry Awards 2018

| 30 Oct 2018

Fifteen insurance champions took centre stage at the glittering 22nd Asia Insurance Industry Awards 2018 gala dinner last night, held in conjunction with the 15th Singapore International Reinsurance Conference. The Awards winners triumphed over stiff competition amid a bumper crop of some 800 entries this year.

CXA Group CEO and founder Rosaline Chow Koo, who has become a household name not just in insurance but also on Asia’s business landscape, claimed the Woman Leader of the Year title. The category was introduced for the first time this year to recognise the crucial contribution that women make to the insurance industry in Asia. CXA Group also shared some of the night’s glory, winning the popular InsurTech of the Year category for its unique benefits and wellness platform.

Also in the limelight were former Awards winners which retained their titles this year, proving that consistency pays off. They included Muang Thai Life Assurance and RGA Reinsurance Company, which are Life Insurance Company of the Year and Life Reinsurer of the Year respectively for this year and last.

Another insurer which retained its title is India’s Bajaj Allianz General Insurance Company, which echoed its 2017 victory in the Digital Insurer of the Year category.

Also prominent was Bajaj Allianz's managing director and CEO Tapan Singhel who deservingly took the Personality of the Year title. With these wins, the insurer has achieved the rare honour of taking home two titles at a single awards ceremony two years in a row.

Another individual who has turned heads in the region is Manulife Cambodia’s Rotha Chan, the first person in his country ever to sell life insurance. His inspiring story of building the first generation of life agents in a challenging emerging market won him the Young Leader of the Year award, a new prize to honour insurance executives below 40 years of age who have shown outstanding leadership qualities while contributing to the advancement of the insurance industry in Asia.

Traditional industry stalwarts had their place in the limelight too. The General Insurer of the Year award went to AIG Asia Pacific, while Marsh Asia and SCOR won the Broker of the Year and General Reinsurer of the Year awards respectively.

In this digital age, it is only fitting that the awards recognise technology achievements. HSBC Insurance (Asia) clinched the Innovation of the Year for its genetics-based testing product feature, while AXA Hong Kong netted the Technology Initiative of the Year award through its use of data science and machine learning.

The full list of award winners is as follows:

22nd Asia Insurance Industry Awards 2018 Winners:

Life Insurance Company of the Year
Muang Thai Life Assurance Public Company Ltd

General Insurance Company of the Year
AIG Asia Pacific

Educational Service Provider of the Year
Singapore College of Insurance

Innovation of the Year
HSBC Insurance (Asia) Limited

Broker of the Year
Marsh Asia

General Reinsurer of the Year

Life Reinsurer of the Year
RGA Reinsurance Company

Corporate Risk Manager of the Year
Mr Daniel Tan Kuan Wei, National University Health System

Corporate Social Responsibility Award
Taiwan Life Insurance Co Ltd

Digital Insurer of the Year
Bajaj Allianz General Insurance Co Ltd

InsurTech of the Year
CXA Group

Technology Initiative of the Year
AXA Hong Kong

Woman Leader of the Year
Ms Rosaline Chow Koo, CXA Group

Young Leader of the Year
Mr Rotha Chan, Manulife Cambodia

Personality of the Year
Mr Tapan Singhel, Bajaj Allianz General Insurance Co Ltd


Mr Sivam Subramaniam, editor-in-chief of Asia Insurance Review, organiser and host of the awards, said: “The 15 winners have demonstrated their boundless verve and talent in their pursuit of excellence and now assume the mantle of leading by example. We were heartened to see the huge number of entries this year, in particular the enthusiasm for the three new categories introduced - Woman Leader of the Year, Young Leader of the Year and InsurTech of the Year - that vindicated our decision to recognise these segments for the first time. Congratulations to all winners and a big thank you to the panel of judges and many sponsors for their support to the insurance industry as we honour its very best.”

This year’s awards saw over 800 entries that were rated by a bench of 33 judges. The Young Leader, Woman Leader, InsurTech, Innovation and Technology Initiative categories attracted the highest number of entries. A total of 47 finalists were selected before a judging process audited by KPMG whittled them down to the 15 winners.

The Asia Insurance Industry Awards, now in their 22nd year, have become a much sought-after mark of excellence and peer group endorsement for insurance players and professionals in the market. They have been hosted annually since 1997 by Asia Insurance Review, the voice of Asia’s insurance industry for close to three decades. Sponsors this year include AIG, ANZIIF, Aon, Aviva, DXC Technology, ManageMy, Medix, MSIG, Muang Thai, Munich Re, ReMark, RGA, Swiss Re and Tokio Marine.

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