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:
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Award
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Winner(s)
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Life Insurance Company of the Year
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Nan Shan Life Insurance Company
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General Insurance Company of the Year
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ERGO Insurance (Thailand) Public Company Limited,
Go Digit General Insurance Limited
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Health Insurance Company of the Year
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AIA Singapore
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Digital Insurer of the Year
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FWD Singapore,
Kakaopay Insurance
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Educational Service Provider of the Year
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Association of Indonesian Qualified Insurance and Reinsurance Brokers (APARI)
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Life Reinsurer of the Year
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Reinsurance Group of America, Inc (RGA)
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General Reinsurer of the Year
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Everest Reinsurance Company,
Munich Re
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Broker of the Year
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WTW
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Sustainability Award
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Cathay Life Insurance
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InsurTech of the Year
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discovermarket Asia Pte Ltd
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Technology Initiative of the Year
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discovermarket Asia Pte Ltd
(Marketplace-as-a-Service platform)
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AI Initiative of the Year
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Taiwan Life Insurance Co. Ltd
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Service Provider of the Year
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APRIL International
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Corporate Risk Manager of the Year
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Suchitra Narayanan, Revantage APAC
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Young Leader of the Year
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Hicham Raissi, Allianz Insurance Singapore
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Woman Leader of the Year
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Dr Sandar Oo, Myanma Insurance
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Lifetime Achievement Award
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Mark O’Dell,
Life Insurance Association of Malaysia
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For more information on the Awards, please contact Ms Jennifer Chee at Email: jennifer@asiainsurancereview.com