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Dec 2024

Asia Insurance Industry Awards 2024 winners revealed

Source: Asia Insurance Review | Dec 2024

The winners of the 28th Asia Insurance Industry Awards have been revealed, with 20 of the region’s top insurers, reinsurers, brokers, risk managers and service providers bringing home a trophy. The awards are well known for their stringent criteria and transparent selection process, overseen by a panel of expert judges from across the insurance industry. This year, the awards attracted almost 200 entries in 17 categories. 
 
The event was held, as usual, in conjunction with the Singapore International Reinsurance Conference. This year’s winners exemplified the best of the industry, showcasing efforts to improve sustainability, groundbreaking digital capabilities and market-leading innovations and solutions. 
 
This year, there were ties in three categories, a first in the awards’ 28-year history: General Insurance Company of the Year, Digital Insurer of the Year and General Reinsurer of the Year. 
Munich Re and Everest Re shared the General Reinsurer of the Year trophy.
 
In the General Insurance Company of the Year category, Ergo Insurance (Thailand) and Go Digit General Insurance both took home the win. 
 
Meanwhile, FWD Singapore and Kakaopay Insurance were joint winners for the Digital Insurer of the Year Award. 
 
Reinsurance Group of America (RGA) won the Life Reinsurer of the Year Award, due to its commitment to providing bespoke solutions for its clients’ unique challenges. 
 
WTW took the Broker of the Year Award, a result of its innovative solutions and its constant push to elevate and support the industry in its transition efforts. 
 
Nan Shan Life Insurance was the Life Insurance Company of the Year, winning the award due to its focus on sustainability, transformation and ability to serve its customers’ changing needs over several decades. 
 
The Woman Lead of the Year Award went to Dr Sandar Oo from Myanma Insurance, known for her innovative approach to leadership, and her constant efforts to push creativity and improvement within her team. 
 
Closing out the evening, Mr Mark O’Dell from the Life Insurance Association of Malaysia was given the Lifetime Achievement Award, to celebrate his dedication to and persistence in the industry and to recognise his 44 years in the field. A 
 
Download the winners booklet and watch video highlights of the awards at www.asiainsurancereview.com/asiaawards2024
 
We salute the winners of 
28th Asia Insurance Industry Awards 2024
Life Insurance Company of the Year - Nan Shan Life Insurance Company
Life Insurance Company of the Year - Nan Shan Life Insurance Company Nan Shan Life Insurance Company chairman Chung-Yao Yin (L) accepts the award from Blackstone senior adviser Mark Saunders
General Insurance Company of the Year (Joint Winner) 
ERGO Insurance (Thailand) Public Company Limited
General Insurance Company of the Year (JW) - ERGO Insurance (Thailand) Public Company Limited ERGO Insurance (Thailand) CEO Dr Till Böhmer (L) accepts the award from Guy Carpenter Asia Pacific CEO Tony Gallagher 
General Insurance Company of the Year (Joint Winner) - 
Go Digit General Insurance Limited
General Insurance Company of the Year (JW) - Go Digit General Insurance Limited
Go Digit General Insurance chief human resource officer Amrit Jaidka Arora (L) accepts the award from Guy Carpenter Asia Pacific CEO Tony Gallagher
Health Insurance Company of the Year (Joint Winner) - AIA Singapore
Health Insurance Company of the Year - AIA Singapore
AIA Singapore director Aman Kumar (L) accepts the award from Blackstone senior adviser Mark Saunders
Digital Insurer of the Year (Joint Winner) - FWD Singapore Private Limited
Digital Insurer of the Year (JW) - FWD Singapore Pte Ltd FWD Singapore Private Limited CEO Adrian Vincent (L) accepts the award from KPMG China & Asia Pacific head of insurance Erik Bleekrode
Digital Insurer of the Year (Joint Winner) - Kakaopay Insurance
Digital Insurer of the Year (JW) - Kakaopay Insurance FWD Singapore Private Limited CEO Adrian Vincent (L) accepts the award from KPMG China & Asia Pacific head of insurance Erik Bleekrode
Educational Service Provider of the Year - 
Association of Indonesian Qualified Insurance and Reinsurance Brokers (APARI)
Educational Service Provider of the Year Association of Indonesian Qualified Insurance and  Reinsurance Brokers (APARI) PT Mitra Harmoni Insurance Broker chairman Bambang Suseno (L) accepts the award on behalf of Association of Indonesian Qualified Insurance and Reinsurance Brokers (APARI) from Asia Insurance Review deputy editor Ahmad Zaki
Life Reinsurer of the Year - Reinsurance Group of America, Inc (RGA)
Life Reinsurer of the Year Reinsurance Group of America, Inc (RGA)
RGA chief commercial officer – Asian Markets Queenie Choi (L) accepts the award from Asia Insurance Review journalist Reva Ganesan
General Reinsurer of the Year (Joint Winner) - Everest Reinsurance Company
General Reinsurer of the Year (JW) - Everest Reinsurance Company
Everest Reinsurance Company chief executive Kevin Bogardus (L) accepts the award from MSIG Asia Pte Ltd CEO Clemens Philippi 
General Reinsurer of the Year (Joint Winner) - Munich Re
General Reinsurer of the Year (JW) - Munich Re
Munich Re regional head of F&C Kevin Leong (L) accepts the award from MSIG Asia Pte Ltd CEO Clemens Philippi
Broker of the Year - WTW
Broker of the Year - WTW
WTW head of corporate risk & broking – Asia Luke Ware (L) accepts the award from QBE CEO Ronak Shah
Sustainability Award - Cathay Life Insurance
Sustainability Award - Cathay Life Insurance
Cathay Life Insurance executive vice president Sandra Tu (L) accepts the award from Allianz Asia Pacific regional CEO Anusha Thavarajah
InsurTech of the Year - discovermarket Asia Pte Ltd
InsurTech of the Year - discovermarket Asia Pte Ltd discovermarket Asia Private Limited group CEO & founder Patrick Bühler (L) accepts the award from NMG Consulting global partner Stephen Collins
Technology Initiative of the Year - discovermarket Asia Pte Ltd
Technology Initiative of the Year - discovermarket Asia Pte Ltd discovermarket Asia Private Limited group CEO & founder Patrick Bühler (L) accepts the award from NMG Consulting global partner Stephen Collins
AI Initiative of the Year - Taiwan Life Insurance Co., Ltd
AI Initiative of the Year - Taiwan Life Insurance Co., Ltd
Asia Insurance Review CEO Sheela Suppiah (L) accepts the award on behalf of Taiwan Life Insurance Company Limited from Singapore Reinsurers’ Association chairman Kenrick Law
Service Provider of the Year - APRIL International
Service Provider of the Year - APRIL International
Asia Insurance Review senior manager Koh Earn Chor (L) accept the award on behalf of APRIL International from Asia Insurance Review editorial director Paul McNamara
Corporate Risk Manager of the Year - Suchitra Narayanan, Revantage APAC
Corporate Risk Manager  of the Year - Suchitra Narayanan of Revantage APAC Revantage APAC vice president, head of risk & insurance Suchitra Narayanan (L) accepts the award from AIG regional president Asia Pacific Chris Colahan
Young Leader of the Year - Hicham Raissi, Allianz Insurance Singapore Pte. Ltd.
Young Leader of the Year - Hicham Raissi of Allianz Insurance Singapore Pte. Ltd. Allianz Insurance Singapore CEO Hicham Raissi (L) accepts the award from Munich Re Beijing head of P&C Greater China Serene Chan
Woman Leader of the Year - Dr Sandar Oo, Myanma Insurance
Woman Leader of the Year - Dr Sandar Oo of Myanma Insurance Myanma Insurance managing director and Chairperson Dr Sandar Oo (L) accepts the award from Sun Life  head of communications Asia Sarah James
Lifetime Achievement Award - Mark O’Dell, Life Insurance Association of Malaysia
Lifetime Achievement Award - Mark O’Dell of Life Insurance Association of Malaysia Life Insurance Association of Malaysia CEO Mark O’Dell (L) accepts the award from HSBC Life Hong Kong & Macau CEO Daisy Tsang

 

 

 

 

 

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