News Regional05 Nov 2024

Asia Insurance Industry Awards 2024 winners receive their laurels

| 05 Nov 2024

The winners of the 28th Asia Insurance Industry Awards were unveiled last night, 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 Awards ceremony was held, as usual, in conjunction with the Singapore International Reinsurance Conference.

The 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.

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 of the Digital Insurer of the Year Award. Munich Re and Everest Re shared the General Reinsurer of the Year trophy.

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 Leader 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.

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.

The full list of the winners is as follows:

Award

Winner(s)

Life Insurance Company of the Year

Nan Shan Life Insurance Company

General Insurance Company of the Year

ERGO Insurance (Thailand) Public Company Limited,

Go Digit General Insurance Limited

Health Insurance Company of the Year

AIA Singapore

Digital Insurer of the Year

FWD Singapore,

Kakaopay Insurance

Educational Service Provider of the Year

Association of Indonesian Qualified Insurance and Reinsurance Brokers (APARI)

Life Reinsurer of the Year

Reinsurance Group of America, Inc (RGA)

General Reinsurer of the Year

Everest Reinsurance Company,

Munich Re

Broker of the Year

WTW

Sustainability Award

Cathay Life Insurance

 InsurTech of the Year

discovermarket Asia Pte Ltd

Technology Initiative of the Year

discovermarket Asia Pte Ltd

(Marketplace-as-a-Service platform)

AI Initiative of the Year

Taiwan Life Insurance Co. Ltd

Service Provider of the Year

APRIL International

Corporate Risk Manager of the Year

Suchitra Narayanan, Revantage APAC

Young Leader of the Year

Hicham Raissi, Allianz Insurance Singapore

Woman Leader of the Year

Dr Sandar Oo, Myanma Insurance

Lifetime Achievement Award

Mark O’Dell,

Life Insurance Association of Malaysia

 

For more information on the Awards, please contact Ms Jennifer Chee at Email: jennifer@asiainsurancereview.com

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