Powered by Bajaj Allianz General Insurance | Awards Partner: Asia Insurance Review (AIR)
The Global Insurance Excellence Awards (GIEA) is a prestigious platform that celebrates the extraordinary contributions of insurance advisors—the true torchbearers of the insurance industry. These awards aim to shine a spotlight on individuals and organizations that have demonstrated exceptional service, transformed lives, and fortified communities during times of need.
With GIEA, we go beyond borders, opening nominations across India, Pan-Asia, and the MENA regions, to honour the global significance of insurance advisors in protecting lives and livelihoods. The awards are a tribute to the transformative power of the insurance advisory profession—a field that blends empathy, innovation, and entrepreneurial spirit. By celebrating these unsung heroes, GIEA not only acknowledges their pivotal role in society but also aims to inspire future generations to explore the immense potential of a career in insurance.
GIEA is more than just an awards platform; it is a movement to elevate the perception of the insurance industry, motivate excellence, and foster innovation. Join us as we honour those who make a difference, one policyholder at a time.
Bajaj Allianz General Insurance Company (BAGIC) Limited is a joint venture between Allianz SE, the world’s leading insurer, and Bajaj Finserv Limited. The Company has been recognized as the best insurer not only in India but also in Asia; three times, the Company has been acknowledged as the best general insurer in Asia. BAGIC has been honoured with close to 300 prestigious awards for its innovative products, technology leadership, operational excellence, and commitment to customer satisfaction. These awards reflect BAGIC’s industry leadership, financial strength, and dedication to delivering exceptional value to its customers. A few of the recent awards are, the prominent General Insurance Company of the Year award at the 27th, 26th and 18th Asia Insurance Industry Awards, Non-Life Insurer of the Year award at the Outlook Money Awards 2021, Best Organization for Women 2023 by Economic Times. BAGIC has won 5 awards at the IDC Future Enterprise Awards 2022 India. The awards were bestowed in the following categories: Best in Future of Work, Best in Future of Trust, Best in Future of Operations, Special Award for Digital Resiliency, and Future Enterprise of the Year. The company has won the Best Customer Experience (Insurance) award at the 2nd Annual CX Excellence Awards 2023. The Company received the certificate of registration from IRDA on 2nd May 2001 to conduct general insurance business in India. In its journey of over 23 years, the company has spread its wings across the country and has built one of the biggest distribution network in the industry. Today, Bajaj Allianz General Insurance, is one of the largest private insurers in the industry with offices in over 1,000 towns and cities, a robust distribution network of close to 50,000 agents, 130 bank partners, 9,000 motor dealers, and all major motor manufacturers in the country. During its journey, the company has served close to 14 crore, happy and satisfied customers. BAGIC comprises of a team of about 10,000, highly competent and dedicated professionals. Over the last 23 years, BAGIC has been recognized as a customer-centric, prudent insurer and has demonstrated its financial strength and profitability. With an annual revenue of over INR 20,000 crore, the company boast a lion’s share of industry profit with an industry-beating solvency ratio of over 349% (the mandated solvency ratio is 150%).
Year after year, the company has remained ahead of the curve in innovation, with a clear-cut focus on prudent underwriting. Bajaj Allianz General Insurance stands as a leading insurance provider, reaching individuals of all demographics and serving the corporate sector. Their pioneering products and exceptional services redefine the industry landscape. Beyond delivering insurance solutions to doorsteps, the company elevates insurance penetration through digital prowess and innovation. Renowned for a robust claimspaying ability and exemplary service, Bajaj Allianz places customer centricity at its core, aiming for superior value and a caring experience. Notably distributor-friendly, the company prioritizes empowering partners with industry-best support, fostering mutual growth. Bajaj Allianz General Insurance isn't merely an insurer; it's a dynamic force reshaping the insurance sector, bridging gaps, and setting new benchmarks for excellence in service and customer satisfaction. Their commitment to innovation, customer care, and collaborative growth positions them as a trailblazer in the everevolving landscape of insurance in India. Bajaj Allianz General Insurance has embraced digitalization as a primary enabler and has been working continuously on the automation and digitization of its service offerings. It offers real-time solutions to its customers and partner via mobile applications and dedicated portals. The industry-first initiatives by the Company like an artificial intelligence-driven chatbot, app-based instant motor claim settlement, proactive claim travel claim settlement through blockchain technology, cashless claim settlements, wellness app and portals, digital offices and mobile applications such as EezeeTab and Insurance Wallet have set a benchmark in the industry. It is the first insurance company in the country to lay the foundation for usage-based insurance through its telematics offering, Drive Smart. Throughout its journey, the company has launched many industry first products like, Individual Cyber Insurance, Pet Insurance, Surety Bond Insurance and V-pay, to name a few, that have transformed the general insurance sector. The company constantly strives to make a difference to society, and is committed to reach every Indian household to contribute to the vision of Insurance for All by 2047, set forth by IRDAI. BAGIC aims to play a significant role in building a sustainable and resilient economy.