#AIRawards

Winners of the 20th AIIA will be unveiled in Oct!

Some 43 insurers and brokers, risk managers, service providers and industry leaders made it to the prestigious list of the top finalists for the 20th Asia Insurance Industry Awards (AIIA).

The judging process was completed in Singapore on 24th August. A panel of judges, representing a local, regional and international host of industry experts and regulators, met with finalists before making their decision. Many of the judges and finalists flew in from their respective home countries to attend this ultimate round in the judging process for the AIIA.

The Awards with strictly defined criteria for 15 categories with a transparent selection process helmed by a bench of 30 Judges saw some 395 entries with the most coming for the life, innovation and CSR categories. The whole process is audited by KPMG.

Now in its 20th year, the AIIA has become a much sought-after mark of excellence and peer group endorsement for insurance players and professionals in the market.

Results will be kept secret and unveiled only at the Awards Dinner on 11 October 2016 in Macau.

Reserve your table now!

The eminent list of finalists are:

Life Insurance Company of the Year

  • Cathay Life Insurance Co Ltd
  • Fubon Life Insurance Co Ltd
  • Manulife (International) Ltd

General Insurance Company of the Year

  • Apollo Munich Health Insurance Co Ltd
  • Fubon Insurance Co Ltd
  • QBE Asia Pacific

Educational Service Provider of the Year

  • ANZIIF
  • LOMA/LIMRA
  • Singapore College of Insurance

Innovation of the Year

  • Aon Risk Solutions
  • Apollo Munich Health Insurance Co Ltd
  • MetLife Asia Ltd

Service Provider of the Year

  • Cognizant Technology Solutions
  • Conning Asia Pacific Limited
  • MDIndia Healthcare Services (TPA) Pvt Ltd
  • Norton Rose Fulbright (Asia) LLP

Corporate Risk Manager of the Year

  • Mr Danny Lin, QISDA Corporation
  • Mr Gordon Song, Lazada
  • Mr Kenneth Wong, Avicennia Capital

Broker of the Year

  • Aon Risk Solutions
  • Marsh (Singapore) Pte Ltd
  • SecureNow Insurance Broker Pvt Ltd

Reinsurance Broker of the Year

  • Aon Benfield
  • Asia Reinsurance Brokers Pte Ltd
  • J B Boda Reinsurance Brokers Pvt Ltd

General Reinsurer of the Year

  • Munich Re
  • Peak Re
  • SCOR

Corporate Social Responsibility Award

  • AIA (Vietnam) Life Insurance Co Ltd
  • Canara HSBC Oriental Bank of Commerce Life Insurance Company
  • Tata AIG General Insurance Company Ltd

Technology Initiative of the Year

  • EAB Systems Limited
  • SecureNow TechServices Pvt Ltd
  • Stark Group

Employer of the Year

  • Aetna International
  • Bajaj Allianz General Insurance Co Ltd
  • Reinsurance Group of America

Life Reinsurer of the Year

  • Munich Re
  • RGA Reinsurance Company
  • SCOR Global Life

Personality of the Year

  • Mr G Srinivasan, The New India Assurance Co Ltd
  • Mr Marc Breuil, Berkshire Hathaway Specialty Insurance, Asia
  • Ms Naomi Ballantyne, Partners Life Ltd

19th AIIA 2015 Video

19th AIIA 2015 Winnners

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This is the 20th Anniversary of the Asia Awards Series. What a long way Asia has come. Though premium-wise, Asia is still only a quarter of global premiums as it was before, impact-wise Asia has risen. All eyes are on the region and there are many innovations in insurance that come out of Asia too.

Over the 20 years, we have had more than 10,000 entries and at least 300 names walk through our hall of fame as winners (some were repeat winners). The numbers dazzle but the depth of insights they provide on the industry is amazing and that is why I as a journalist-cum-Tiresias who has seen it all, still love the insurance industry.

It has been a great journey for us as I sincerely believe that the Awards, with a defined criteria, a high-level panel of esteemed judges and independent auditors, has contributed actively to the industry’s march towards excellence and higher standards. I must thank the sponsors who have kept their faith with us too as Awards such as this cannot function without the commitment of the sponsors and the judges at the highest level.

So we launch this 20th Asia Insurance Industry Awards with great pride and greater expectations that with so much to show and tell, the number and quality of entries this year will be even better. In fact, despite the dire straits of the global economy with the volatile equity markets, oil prices and geo-political tensions, business must go on. And this determined focus on keeping business going will indeed spur many companies to do many outstanding things to achieve the "wow" factor.

The stage is set for the nominations to roll in; and don’t be coy about self-nominations. In business, it is strategically called marketing. Don’t be naïve to wait for your competitors to recognise your excellence and nominate you. You have done the market research and you know how tall you stand. Let the rest of the world know it. Put in your nominations now and get your best man ready to meet the Judges on 24 August 2016. The rest is sheer glory.

I look forward to saluting the winners on 11 October at the Gala Awards Presentation Dinner to be held in Macau in conjunction with the 28th EAIC.

The best is yet to be. And the journey has begun.

Sivam Subramaniam
Editor-in-Chief, Asia Insurance Review & Middle East Insurance Review

 

Life Insurance Company of the Year

For demonstrating market leadership during the qualifying period through innovation in products or practices, initiatives in boosting the image of insurance in society, narrowing the protection and savings gaps, and/or exceptional business growth through professionalism and sound management.

Criteria:

  • Sets leading professional standards for other insurers to be measured against.
  • Narrows the life insurance protection and savings gaps of the society.
  • Demonstrates in-depth knowledge and understanding of the region through its strategies and operations.
  • Responsive to the needs of both end-users and intermediaries.
  • Industry leadership as shown through:
    • innovation in products and procedures;
    • transparency in the selling process;
    • customer-centricity service;
    • sound management and financial results;
    • business growth; and
    • enhancing the image of insurance in society.

Reinsurance Group of America, Incorporated (RGA) is a global leader in the life reinsurance industry, with approximately US$3.0 trillion of life reinsurance in force. From its world headquarters in St. Louis, Missouri, USA and operations in 27 countries, RGA provides clients with expert solutions in individual life reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development and financially motivated reinsurance.

After more than four decades of growth, RGA has become one of the world’s most highly respected reinsurers, recognised for expertise in risk assessment and capital management, its ability to develop innovative solutions, and its unwavering commitment to its clients.

www.rgare.com

General Insurance Company of the Year

For demonstrating market leadership during the qualifying period through innovation in products or practices, responsiveness to end-users and intermediaries, initiatives in boosting the image of insurance in society, narrowing the protection gap, and/or exceptional business growth through professionalism and sound management.

Criteria:

  • Sets leading professional standards for other insurers to be measured against.
  • Offers extensive range of products and services catering to the needs of both corporate and individual clients.
  • A partner and adviser to corporate clients in adapting to the changing risk landscape.
  • Narrows the protection gap of the society.
  • Demonstrates in-depth knowledge and understanding of the region through its strategy.
  • Responsive to the needs of both end-users and intermediaries.
  • Industry leadership as shown through:
    • innovation in products and procedures;
    • transparency in the selling process;
    • customer-centricity and service;
    • sound management and financial results;
    • business growth; and
    • enhancing the image of insurance in society.

Based in Hong Kong, in the heart of Asia Pacific, and authorised by the Office of the Commissioner of Insurance of Hong Kong (OCI), Peak Reinsurance Company Limited (Peak Re) was licensed in December 2012.

With an initial capital of US$550 million, Peak Re is committed to providing innovative and visionary reinsurance services for our clients in the Asia Pacific region and beyond. Peak Re is one of the few locally established reinsurance companies in Asia-Pacific, underwriting both life & health and property & casualty reinsurance business. We offer treaty reinsurance services, tailor-make risk transfer and capital management vehicles to best fit clients’ needs.

We understand that as the world economy globalises and grows, complex new risks emerge and hence, so do the needs for new risk and capital management solutions. We work hand-in-hand with our clients to offer meaningful reinsurance solutions that address specific market challenges in support of long-term growth.

Because we listen, we make decisions with speed and integrity, and we have the commitment and courage to deliver.

Peak Re is backed by Fosun International Limited and the International Finance Corporation, which respectively invested 85.1% and 14.9% in the Company. The company carries an “A-” rating by A.M. Best.

To learn more about how Peak Re can help you achieve a better financial position and protection, please visit our website

www.peak-re.com

Educational Service Provider of the Year

For demonstrating market leadership for the period under review through the introduction of educational or training services that fill a need in the industry and enhances the standards and professionalism of (re)insurance executives.

Criteria:

  • In-depth knowledge and understanding of the market as manifested by its wide range of educational services for the industry in the market or region.
  • Responsiveness to the market’s needs in developing educational/training services including in facing disruptive innovation.
  • Providing leadership to the market in anticipating and providing educational needs.
  • Contributes to enhancing the professionalism and educational standards of executives in the industry.
  • Range, relevance and quality of training programmes offered with demonstrable improvements in attendees’ skills and knowledge.

Aon Benfield, a division of Aon plc, is the world’s leading reinsurance intermediary and full-service capital adviser. We empower our clients to better understand, manage and transfer risk through innovative solutions and personalised access to all forms of global reinsurance capital across treaty, facultative and capital markets. As a trusted advocate, we deliver local reach to the world’s markets, an unparalleled investment in innovative analytics, including catastrophe management, actuarial and rating agency advisory.

Through our professionals’ expertise and experience, we advise clients in making optimal capital choices that will empower results and improve operational effectiveness for their business. With more than 80 offices in 50 countries, our worldwide client base has access to the broadest portfolio of integrated capital solutions and services.

To learn how Aon Benfield helps empower results, visit our website

www.aonbenfield.com

Innovation of the Year

For the most innovative product or service introduced during the qualifying period with clear and measurable impact on Asia’s insurance industry or possible region-wide application; and/ or disruption which is leading the industry’s push to the next level.

Criteria:

  • Extent of innovation and originality of product or service offered.
  • Real proof of significant and measurable impact on the industry in the region or possible region-wide application.
  • Proof of responsiveness to customers’ needs and wants, and/or disruption which leads the industry’s push to the next level.
  • Quality and effectiveness of innovation with the “X” factor highlighted.
  • Ease of implementation of the product/service and potential of application region-wide.
  • Measured proof of success of the product/ service in the market.

Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and as Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers.

At the end of December 2015, we had $935 billion (US$676 billion) in assets under management and administration, and in the previous 12 months we made more than $24.6 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong.

Twitter: @ManulifeNews
www.manulife.com

Service Provider of the Year

For demonstrating leadership during the qualifying period in helping insurers to transform or improve its operations with clear and measurable results, and/or for helping Asia’s insurance industry enhance its stability and growth.

Criteria:

  • Breadth of services provided in responding to needs of the market.
  • Innovation in services that resulted in the broadening of the market.
  • Creating a benchmark of quality in service provision.
  • Service flexibility and efficiency that differentiates it from the pack.
  • Proof of performance in the market in terms of increased market share, productivity, revenue and/or profit.
  • Application and/or potential of application region-wide.

Corporate Risk Manager of the Year

For the individual who has shown leadership, creativity, and effectiveness in enhancing his organisation’s risk management and/or contributed to the promotion of risk management in Asia for the period under review.

Criteria:

  • Setting or enhancing risk management standards/framework in the organisation or industry.
  • Use of risk management in resolving a key challenge/loss containment for his organisation, with proven results.
  • Promotion of risk management as a philosophy and business discipline.
  • Innovation in the area of risk management/ loss control or containment.
  • In-depth knowledge and understanding of his entity’s risks to the operational or technical level.
  • Advancing his risk management career, through professional activities such as certifications, risk association involvement etc.

We’re the world’s leading insurance organisation, with more than 90 million customers around the globe. We’re leaders in property casualty insurance, life insurance, retirement products, mortgage insurance, and other financial services. But we’re more than the sum of our parts.

We’re a network of approximately 65,000 people in more than 100 countries and jurisdictions who come together every day to take on the world’s new challenges. We believe that by striving to provide the greatest value to our customers, we can deliver improved operating and financial performance and sustainable, profitable growth. Our strategy is focused on enhancing the value and competitive position of our insurance businesses and investing our capital where we can achieve attractive risk-adjusted returns, while maintaining strong levels of liquidity and capital. Bring on tomorrow.

www.aig.com

Broker of the Year

For demonstrating leadership through innovation in services rendered to clients; adding significant value to the insurance process in the course of generating new business; boosting the image of the broking profession; and/or exceptional business growth and clear leadership and expertise in niche areas for the period under review.

Criteria:

  • In-depth knowledge and understanding of the market and responsiveness to clients’ needs.
  • Innovation in services rendered to clients, including risk management and value-adds.
  • Professionalism and transparency in dealing with clients.
  • Industry leadership in broking and customer services, as well as in boosting the image of the broking profession.
  • Give instance and evidence of what company is doing to serve the local markets it operates in.
  • Show proof of how global corporate best practices have been localised.
  • Sound financial management with proven track record of business growth and retention.

Tokio Marine Insurance Group

More than 130 years ago, we were established as the first insurance company in Japan. Our network now spans 486 cities in 37 countries, and we have never lost sight of conducting business with integrity, passion and quality.

Doing good and being good mean that profits are not the be all and end all of our existence, but a natural progression of doing the best for customers, employees and society. Working to be a Good Company brings us together as a united global insurance group.

We are a leading multinational insurer with presence in all the major regional markets with a broad distribution strategy utilising broker, agency, bank and direct channels. The trusted Tokio Marine brand is one of our most valuable assets. Tokio Marine is a highly customer-centric organisation and we pride ourselves in putting the customer at the heart of everything we do.

Tokio Marine in Asia

Tokio Marine Asia Pte Ltd is the regional headquarters and an intermediate holding company of Tokio Marine Group and a sister company of Tokio Marine and Nichido Fire Insurance Co Ltd (Japan).

We oversee 14 group companies within Asia-Pacific – in Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam, India, Australia and Myanmar. This includes 9 general insurance companies and 5 life insurance companies, employing 7,300 employees across the region.

In our commitment to expand the insurance business in the region, Tokio Marine Asia is proud to exclusively sponsor the “Broker of the Year” category for the 14th consecutive year at the 2016 Asia Insurance Industry Awards.

www.tokiomarineasia.com

Reinsurance Broker of the Year

For demonstrating leadership through innovation in services rendered to insurers and reinsurers; adding significant value to the reinsurance process in the course of generating new business; boosting the image of the profession; and/or exceptional business growth and clear leadership and expertise in niche areas for the period under review.

Criteria:

  • In-depth knowledge and understanding of the market and responsiveness to clients’ needs.
  • Innovation in services rendered, including market research, risk management and adding value.
  • Professionalism and transparency in dealing with clients.
  • Industry leadership in offering services to insurers, and boosting the image of the profession.
  • Give instance and evidence of what company is doing to serve the local markets it operates in.
  • Show proof of how global corporate best practices have been localised.
  • Sound financial management with proven track record of business growth and retention.

The Toa Reinsurance Company, Limited (Toa Re), after celebrating its 75th anniversary in October 2015, has been taking steps to further contribute to the insurance industry.

With the insurance industry evolving and clients’ needs expanding, Toa Re has been providing diverse lines of both life and non-life reinsurance products to its clients all over the world as Japan’s primary professional reinsurer.

Toa Re has successfully developed its business and maintains a strong market position in Asia through three branches in Singapore, Kuala Lumpur and Hong Kong, and a representative office in Taipei.

The company has also built its overseas network which includes subsidiaries in the US and Switzerland. Taking its cue from its head office in Tokyo, the whole Toa Re group, has been contributing to insurance and reinsurance markets worldwide.

In acknowledgement of its outstanding financial profile, Toa Re has been assigned credit ratings of “A+” by Standard & Poor’s, ”A+(Superior)” by A.M. Best and “AA+” by the Japan Credit Rating Agency, Ltd., which enables Toa Re to be a long-term and stable provider of quality reinsurance products and services.

www.toare.co.jp

General Reinsurer of the Year

For demonstrating leadership in Asia’s general (re) insurance industry through innovation in product offerings; thought leadership; enhancing the stability and security of the industry; boosting the image of the profession; and/or exceptional growth and clear expertise in niche areas during the qualifying period.

Criteria:

  • In-depth knowledge and understanding of the market with published research and other value-added offerings to insurers.
  • Setting leadership standards that others are measured against.
  • Responsiveness to cedants’ needs and providing assistance to product development, service enhancement and tapping new markets.
  • Leadership with ability to adapt to, and lead the industry to meet changing needs and demands.
  • Offering superior service and security to clients and working with insurers and other stakeholders.
  • Industry leadership as shown through:
    • Innovation in products;
    • Strong underwriting discipline;
    • Business growth; and
    • Boosting the image of insurance in society.
  • Sound financial management, corporate governance and disclosure.

For over 100 years, MSIG has been a leading general insurer in Asia, with a commitment to service excellence and innovation.

In expanding its strength and reach, MSIG was granted an underwriting license to operate in the Thilawa SEZ, in Myanmar in 2015. Another highlight in 2015 was the “General Insurance Company of the Year” title awarded to MSIG Insurance (Malaysia). This industry recognition has further motivated our 4,500 employees in the region to continue working hard to ensure being a trusted insurance partner to our customers and intermediaries during both good and challenging times.

Supported by its multi-channel distribution, strong partnerships with intermediaries, in-depth underwriting expertise and extensive geographical network, MSIG offers a wide range of insurance solutions across personal and commercial lines and strives to add value to the business and lifestyle of its customers through “Going Above and Beyond” which is embedded in the company’s DNA.

MSIG, combining global and local best practices, is a part of Mitsui Sumitomo Insurance Company Limited (“MSI”) within the MS&AD Insurance Group. In February 2016, Amlin became a wholly-owned subsidiary of MSI, having been rebranded as MS Amlin plc. The Group, being one of the top 10 non-life insurance groups in the world, had also been awarded “General Insurance Company of the Year” at the 2011 Asia Insurance Industry Awards.

www.msig-asia.com

Corporate Social Responsibility Award

For the company that has committed substantial resources and time to achieve significant and sustainable benefit to the community in social, economic, and/or environmental arenas, through non-profitdriven ventures during the qualifying period.

Criteria:

  • For solving a real need in society, with tangible and sustainable benefits to the community.
  • Demonstrates and provides key examples of work from the CSR programme with details on motivation, capital resources, management and staff commitment, results and benefits.
  • Demonstrates socially responsible leadership in the market by pioneering and/or consistently living by a CSRguided philosophy in its operations.
  • Demonstrates true “grassroots” engagement with the community and concerted commitment throughout the qualifying period.
  • Demonstrates evidence of the community’s support/appreciation of the CSR programme.

The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to enable the risk-taking upon which enterprise and progress in society depend.

Founded in Zurich, Switzerland in 1863, Swiss Re serves clients through a network of around 70 offices globally and is rated “AA-” by Standard & Poor’s, “Aa3” by Moody’s and “A+” by A.M. Best. Registered shares in the Swiss Re Group holding company, Swiss Re Ltd, are listed in accordance with the International Reporting Standard on the SIX Swiss Exchange and trade under the symbol SREN.

In Asia-Pacific, Swiss Re has been partnering with Asian clients since the early 1900s, joining local skills and expertise with global resources, and maintaining a depth of local knowledge yet benefitting naturally from a global perspective. The company began operations in Asia-Pacific in 1956. Swiss Re has over 1,500 employees in Asia-Pacific, and our reinsurance offices are located in Sydney, Beijing, Shanghai, Hong Kong, Tokyo, Seoul, Singapore, Kuala Lumpur, Mumbai and Bangalore, where we operate a global business processing office.

Twitter: @SwissRe
www.swissre.com

Personality of the Year

For the person who has made the most outstanding individual contribution to the (re)insurance industry in Asia for the period under review.

Criteria:

  • Promotes the image and enhances the reputation of the insurance industry to the wider community.
  • Demonstrates outstanding leadership qualities and is a role model for the region’s executives through mentorship and attracting new talent to the industry.
  • Shows in-depth industry expertise and has used it to help the industry’s advancement in the region.
  • Influences the development of industry practices to enhance the stability and growth of the market.
  • Embraces professional standards and actively works towards boosting greater professionalism in the market.
  • A trailblazer, paving the way for new techniques, processes or technologies to be introduced in the industry.

ReMark provides end-to-end marketing, product, technology and financing solutions to banks, insurers and affinity groups. Since 1984, our operational experience in over 40 countries and 21 languages has earned us global leadership status in the direct distribution of insurance products. Our worldwide team – marketing specialists, actuaries, campaign and channel managers – works with one focus: maximum value creation for partners and clients. Together, we design and execute direct marketing programmes to establish and drive brand loyalty, increasing the lifetime value and profitability of each customer.

To date, our achievements include:

  • 48,000 programmes implemented with over 200 premier financial institutions;
  • 9 million policies written worldwide generating business value in excess of EUR1 billion;
  • 510 million customers reached via multiple channels, including mail, telephone, email, internet, DRTV;
  • Multi-domain marketing experience, including bancassurance, life and nonlife policyholders, takaful banking and insurance, and affinity partnerships.

Our philosophy is simple: we only win if you win. So we work with you to design a financial model that best meets your needs and objectives - structuring true partnerships that share the financial risks and rewards. Whether acquiring or retaining customers, generating leads or cross-selling to your customer base, we can help you maximise your return on investment.

www.remarkgroup.com

Lifetime Achievement Award

For the individual who has made the most outstanding long-term contribution to Asia’s (re)insurance industry in his/her career.

Criteria:

  • Shown demonstrable leadership qualities and a high level of professionalism in the industry throughout his/her career.
  • Demonstrated a track record in technical standards and innovation.
  • Contributed significantly towards developing international trading links or enhancing the insurance industry’s public image and standing in the country’s/region’s economy.
  • Made consistent contributions to the growth of the insurance sector, contributing to the improvements in the quality and professionalism of the industry in the country, and especially in the region.
  • Has recorded at least 30 years of service to the industry.
  • Enjoys the respect and admiration of his/her peers in the industry.

QBE Asia Pacific is part of the Emerging Markets Division of QBE Insurance Group Limited, one of the top 20 insurers and reinsurers worldwide. QBE Emerging Markets Division has a presence in 23 markets in Asia Pacific and Latin America.

QBE has a history of more than one century in Asia Pacific. Over the years, QBE Asia Pacific has developed a wealth of local knowledge and expertise in each of its operating markets in the region. It has also built very strong partnerships with professional insurance intermediaries. These give QBE Asia Pacific unparalleled advantages in understanding the environments in which its customers operate and the specific risks they face.

QBE believes Asia Pacific will play an even more important role in the future expansion of the Group, recognising the region as a growth engine. With a presence spanning 16 markets in the region, QBE Asia Pacific will continue to grow its business and presence through the provision of all major lines of general insurance cover for personal and commercial risks.

www.qbeap.com

Life Reinsurer of the Year

For demonstrating leadership in Asia’s life (re)insurance industry through innovation in product offerings; thought leadership papers and research; enhancing the stability and security of the industry; boosting the image of the profession; and/or exceptional growth and clear expertise in niche areas during the qualifying period.

Criteria:

  • In-depth knowledge and understanding of the market with published research and other value-added offerings to insurers.
  • Setting leadership standards that others are measured against.
  • Responsiveness to cedants’ needs and providing assistance to product development, service enhancement and tapping new markets.
  • Leadership with ability to adapt to, and lead the industry to meet changing needs and demands.
  • Offering superior service and security to clients and working with insurers and other stakeholders.
  • Enabling insurers to offer products that influence lifestyle of insured.
  • Industry leadership as shown through:
    • Innovation in products;
    • Strong underwriting discipline;
    • Claims management;
    • Business growth; and
    • Boosting the image of insurance in society
  • Sound financial management, corporate governance and disclosure.

Muang Thai Life Assurance Public Company Limited was founded in 1951 to provide life insurance to the public with integrity and strong solvency.

Since then, we have initiated service innovation beyond our customers’ expectations, and expanded our market through a variety of distribution channels to reinforce the success of our multi-distribution strategy.

We have a policy to share our profits with the society via various activities that benefit the society in all aspects such as in education, environment and religion.

As confirmation of the Company’s strength, Muang Thai Life Assurance received credit ratings from Fitch Ratings of A- (Outlook Stable) and AAA (tha) (Outlook Stable), and from Standard & Poor’s of BBB+ (Outlook Stable) and axA+ (ASEAN), plus the ISO 9001:2008 certification.

In addition, the Company received the Life Insurance Company of the Year Award in 2014 and was the winner of the Corporate Social Responsibility Award in 2013 at the Asia Insurance Industry Awards.

Muang Thai Life Assurance Public Company Limited now takes a leading position in the Thai life insurance industry and in the general public’s mind. The Company will continue to promote a good standard of living in Thai society and help put cheerful smiles on the faces of all Thais.

www.muangthai.co.th/

Technology Initiative of the Year

For the technology provider that introduces a breakthrough technology initiative for insurers during the qualifying period which innovatively addresses a significant need of the industry, boosts the image of the industry, and/or allows for measurable improvements in efficiency or profitability.

Criteria:

  • Shows a high level of innovation in addressing a real and significant need in the industry at large.
  • Responds to customer needs.
  • Represents a breakthrough in the industry’s use of technology in business, in boosting the image of the industry, or greater engagement and awareness among the public at large.
  • Enables significant improvement in the system of an aspect of business, leading to higher efficiency of service or greater profitability as shown by statistical evidence.
  • Allows for easy use and adoption regionwide.

KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 155 countries and have 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

Today, KPMG China has around 10,000 professionals working in 17 offices: Beijing, Beijing Zhongguancun, Chengdu, Chongqing, Foshan, Fuzhou, Guangzhou, Hangzhou, Nanjing, Qingdao, Shanghai, Shenyang, Shenzhen, Tianjin, Xiamen, Hong Kong SAR and Macau SAR. With a single management structure across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.

KPMG has a dedicated insurance team that brings together experienced individuals who offer insightful and practical business advice based on their international and local experience of serving leading insurers both in China, the region and globally. Their practical experience combined with their knowledge of industry trends means they are well placed to add value to client business. KPMG was the first international firm to be granted a foreign joint venture license in China in 1992. We are also the first Big Four accounting firm in mainland China to convert from joint venture to a special general partnership, as of 1 August 2012.

As China businesses join the global economy and international companies seek to enter the China market, KPMG’s blend of international experience and local knowledge makes us well-positioned to serve our clients in this increasingly complex, but exciting market.

www.kpmg.com/cn

Employer of the Year

For the (re)insurance company with an outstanding focus on human capital, talent development and facilitating organisational change to meet the dynamic needs of an expanding business and market place through initiatives introduced and/or exceptional HR results achieved for the period under review.

Criteria:

  • Outstanding HRM and practices to support and promote the development and quality of management and insurance professionals.
  • Demonstrates commendable effort to train and educate staff to raise to the standard of capabilities and professionalism.
  • Actively invests in career planning and development of staff, including managing cultural diversity.
  • Engaged role in change management to help the organisation to adapt and evolve.
  • Supports staff in being actively engaged in professional bodies and insurance associations.
  • Exemplary record of staff retention.
  • Alan Wilson Alan Wilson
    Regional CEO, MSIG Holdings (Asia) Pte Ltd
  • Chai SophonpanichChai Sophonpanich
    Chairman, Bangkok Insurance Public Co Ltd
  • Chris MaChris Ma
    Chairman, Organising Committee, 28th EAIC
  • Christopher TownsendChristopher Townsend
    President, MetLife Inc
  • David FriedDavid Fried
    CEO, Emerging Markets, QBE Insurance Group
  • Franck Baron Franck Baron
    Chairman, Pan-Asia Risk & Insurance Management Association (PARIMA)
  • Frans Sahusilawane Frans Sahusilawane
    President Director & CEO, PT Reasuransi Indonesia Utama (Persero)
  • Franz Josef HahnFranz Josef Hahn
    CEO, Peak Re
  • James NashJames Nash
    CEO, Asia Pacific, Guy Carpenter & Co
  • Katsuo MatsushitaKatsuo Matsushita
    Special Advisor & Liaison Officer for Japan & East Asia, The Geneva Association
  • Kazuhito OuraKazuhito Oura
    Director & General Manager, International Dept, The Toa Reinsurance Co Ltd
  • Keith Thomas Keith Thomas
    CEO, Global Corporate Asia Pacific, Zurich Insurance Co Ltd
  • Kent Chaplin Kent Chaplin
    Head of Asia Pacific & Managing Director, Lloyd’s Asia
  • Kichiichiro Yamamoto Kichiichiro Yamamoto
    Chief Financial Officer, Tokio Marine Asia
  • Malcolm SteingoldMalcolm Steingold
    CEO, Aon Benfield Asia Pacific
  • Mark SaundersMark Saunders
    Group Chief Strategy and Marketing Officer, AIA Group
  • Michael RellosaMichael Rellosa
    Chairman, Asean Insurance Council & Dy Chair Philippine Insurers and Reinsurers Association (PIRA)
  • Richard AustenRichard Austen
    Chairman, Reinsurance Brokers’ Association (Singapore);
    CEO, Asia Reinsurance Brokers Pte Ltd
  • Roger Sellek Roger Sellek
    CEO, A.M. Best – EMEA & Asia Pacific
  • Sara Lamsam Sara Lamsam
    President, The Thai Life Assurance Association;
    President & CEO Muang Thai Life Assurance Public Co Ltd
  • Till BohmerTill Böhmer
    CEO, Munich Re Singapore Branch
  • Thomas ChangThomas Chang
    Deputy Director General, Insurance Bureau, Taiwan
  • Tony ChengTony Cheng
    Executive Vice President, Asian Markets, RGA Reinsurance Co
  • Adel Mounir Adel Mounir
    Secretary General, Federation of Afro-Asian Insurers & Reinsurers
  • Anna Maria D HulsterAnna Maria D’Hulster
    Secretary General & Managing Director, The Geneva Association
  • Bill PieroniBill Pieroni
    CEO, ACORD
  • Michael MorrisseyMichael Morrissey
    President & CEO, International Insurance Society
  • Stephen CollinsStephen Collins
    Group CEO, ReMark Group
  • Thomas LillelundThomas Lillelund
    CEO, Aspen Re
  • Yassir Albaharna Yassir Albaharna
    CEO, Arab Insurance Group

Are nominations free?

Yes. You don’t have to pay anything to nominate yourself or your client. There is absolutely no fee required to take part in the Awards, which is run as a CSR project to recognise and salute excellence in the insurance industry. 

Organising the Awards costs about US$250,000. Funding comes from table sales for the Awards Presentation Dinner, as well as sponsors who support the cause to boost standards and professionalism.

Why take part in the Awards? What is unique about the Awards?

The Asia Trusted Life Agents and Advisers Awards goes beyond figures and sales targets. It is fully transparent with the judging process independently audited. The Panel of Judges is made up of the leading lights in the industry.

Nominations are free and open to all. You don’t have to be a subscriber, an advertiser, a sponsor or a client of AIR to be nominated or to win.

The winner is chosen by the Panel of Judges which represents a cross section of the industry including regional and international market leaders, association heads, and regulators.

Judging and conflicts

All judges are involved in rating and ranking the entries. We allow companies employing the Judges to take part as otherwise it will be penalising the Judges. But the “conflicts” rule ensures that Judges do not vote in the categories to select the winners that their companies are taking part in.

It is the integrity of the Judges that underpins the Awards system. Judging is not based on consensus but on the Judges’ scoring of the write-ups in the first instance, and then ranking the finalists after on Judging Day. The Judges contribute their time and effort to this grueling process as their social service to the industry.

Why are only finalists announced?

To allow everyone to take part without fear of embarrassment, we adopt a positive approach where we will only announce the finalists. The other nominations that don’t make it to the finals are never named. Nonetheless, the nominee is free to do his own marketing should he want to.

Why are self-nominations allowed?

Self-nomination is neutral. This is to make the system as fair as possible and to allow everyone to get a chance to be recognised.

Did Award winners pay or sponsor to win?

No. The process is transparent and audited. Everything depends on the Judges’ selection.

Why are the results kept secret till the day of the Gala Dinner?

This is to add excitement and to ensure that all the finalists will attend the Dinner. And most awards that are genuine do not announce the winners until the very night of the presentation, like the Academy Awards.

A) Online Booking

I would like to reserve   seat(s) at US$300/seat.

 

B) Fax / Email

Please download reservation form (PDF) and send fax : +65 6224 1091 or email to Ms Ann at ann@asiainsurancereview.com.

Life Insurance Company of the Year

Sun Life of Canada (Philippines) inc

General Insurance Company of the Year

MSIG INSURANCE (MALAYSIA) BHD

Educational Service Provider of the Year

Australian and New Zealand Institute of Insurance and Finance

Innovation of the Year

ASIAN ALLIANCE INSURANCE PLC

Service Provider of the Year

REMARK International

Corporate Risk Manager of the Year

Mr Ryan Tan

Broker of the Year

AON

Reinsurance Broker of the Year

AON Benfield

General Reinsurer of the Year

Munich Re

Life Reinsurer of the Year

Munich Re

Corporate Social Responsibility Award

Dai-ichi Life Insurance Company of Vietnam Ltd

Technology Initiative of the Year

AIA Malaysia

Employer of the Year

TATA AIG General Insurance Company Ltd

Personality of the Year

Ms Aruno Rajaratnam

Lifetime Achievement Award

Mr Chai Sophonpanich

 

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