Celebrating (re)insurance market talent

9 September 2021

Celebrating (re)insurance market talent

London

9 Sept 2021

ENTRIES CLOSE IN

About

ENTRY DEADLINE 6TH MAY 11:59PM

Welcome to the Insurance Insider Honours, the global (re)insurance awards ceremony that recognises international market talent. 

 

Join us for the ten-year anniversary of the Insurance Insider Honours ceremony for what promises to be a spectacular evening packed with the best and brightest leaders from the wholesale, specialty and (re)insurance markets 

 

Our panel of internationally recognised judges with unparalleled experience in the industry will judge, review and put forward the winners that have excelled in each of the carefully chosen categories.

Timeline

Entries
Open 

 

25th Feb 2021

Entries for the

Insurance Insider Honours awards are currently open, submit your entry today!

Entries
Close

 

 6th May 2021

Make sure to register before the deadline as no new registrations will be accepted after this date. 

Shortlist Announced

 

15th July 2021

Check back on this date to find out who made our shortlist.

Awards Ceremony

 

9th Sep 2021

Industry leaders will gather for an amazing night of celebration and recognition. Book your table today. 

Shortlisted Companies Include

Acrisure •  AmWINS • Aon • Arceo AI • Ascot Group • Ascot Re •  Association of Professional Insurance Women • AXA XL • AXIS • Axis Re • Benchmark Insurance • BMS Re • Brit Global Specialty US • British Airways Cyber Attack Response • Burns & Wilcox • Cape Analytics • Chisel AI • Chubb Insurance • Clutch Analytics • CNA Insurance • Cowbell Cyber • Energetic Insurance • Everest Insurance • Executive Perils • Groundspeed Analytics • Hamilton Insurance • Hippo Insurance • HW Kaufman Group  • Hylant • ICAT •  Marsh • McKenzie Intelligence • McLarens • New Energy Risk • New Paradigm Group •  NFP Property & Casualty • ODNsure.com • PERse • ProSight Specialty Insurance •  Risk Point • RT Specialty • SCOR • Sedgwick • Sirius • Snapsheet • The American Equity Underwriters • The Bold Penguin Exchange • Thimble • Third Point Re • Tiger Risk Partners • Tremor Risk Transfer Marketplace • VAST • Victor North America

Categories & Criteria 

The Insurance Insider Honours will recognise and celebrate individuals, teams and companies from the International (re)insurance sectors who have demonstrated excellence in the past 12 months.

Young Broker of the Year

Entry criteria: Candidates will be an individual, aged 35 or under on 31 December 2020, and working in the global broking sector.

 

The winner will have already made a significant contribution to the industry, clearly demonstrating a solid input into the future development of global (re)insurance distribution.

 

Candidates' entries must be supported by their department manager.

Young Underwriter of the Year

Entry criteria: Candidates will be an individual employed as an underwriter, aged 35 or under on 31 December 2020, and working in the global P&C sector.

 

The winner will have already made a significant contribution to the industry, clearly demonstrating a solid input into the future development of global (re)insurance distribution.

 

Candidates' entries must be supported by their department manager.

Young Claims Professional of the Year

Entry criteria: Candidates will be individuals working in the global P&C sector, employed in the claims departments of intermediaries or carriers, aged 35 or under on 31 December 2020.

 

The winner of this category will have already made a significant contribution to the industry for the improvement in the speed and quality of claims service and the enhancement of the reputation of the sector as a whole. The successful candidate will clearly demonstrate drive, innovation and evidence of their positive input into the future development of global (re)insurance claims management.

 

Candidates’ entries must be supported by their department manager.

Risk Carrier of the Year

Entry criteria: This award highlights (re)insurance companies that provided an outstanding service to the global P&C (re)insurance market in the past year, standing strong for their clients in what has been a challenging period for underwriters.

 

The winner will be a company or a team which has demonstrated an ongoing commitment to the sector through consistent high quality management and entrepreneurialism coupled with outstanding underwriting performance. 

Sponsored by DLA Piper

 

Underwriting Initiative of the Year

Entry criteria: This award honours an underwriting initiative or new product launched in the last two years that has either broken boundaries in terms of innovation and increasing the size and scope of the market, has challenged the market status quo or has pushed the limit of traditional insurability. Judges may also consider entries from innovative capital structures.

 

The winner will be an efficiently structured, well priced and successfully executed initiative, with the recipient either the individual(s) or team(s) that designed the product or risk carrying entity or those responsible for backing and spearheading the initiative.

 

Judges will be particularly looking for evidence of successful take-up and profitable implementation of the initiative.

 

Candidates will be (re)insurance underwriting teams and/or their managers. Candidates may be working at a (re)insurance risk carrier or at an underwriting agency.

Broking Initiative of the Year

Entry criteria: The award recognises a broking innovation of the last two years that has either broken boundaries in terms of its originality and success in increasing the size and scope of the market or brought insurance solutions to satisfy emerging customer demand. Perhaps the initiative has challenged a cosy market status quo or has pushed the limits of insurability, using new thinking to solve old and intractable problems?

 

The winner will be an attractively designed, well-marketed and successfully executed initiative. Judges will be particularly looking for evidence of successful take-up from the winning entry. Candidates will be (re)insurance broking teams and/or their managers.

Insurance Innovation of the Year

Entry criteria: This award is open to any organisation able to demonstrate the successful application of radical new initiatives to the global (re)insurance market. The focus for candidates should be on demonstrating the successful launch of an entity, product or service that transfers, distributes or administrates (re)insurance risk in more effective, innovative and revolutionary ways.

 

Judges will be particularly interested in the level of proposed efficiency and scale of ambition shown by the entry as well as evidence of its acceptance by the investor community and/or successful collaboration with the existing traditional (re)insurance industry. As well as innovation, judges will also be looking for tangible and effective measurement of success within the context of profitable growth.

Disruptor of the Year

Entry criteria: This prize seeks to honour start-ups and would-be disruptors looking to apply technology to revolutionise the global (re)insurance industry at any point in the risk distribution chain.

 

Judges will be particularly interested in the originality of thinking and scale of ambition shown by the entry and the potential value of its invention, product, process or service if applied to the global (re)insurance industry.

 

As well as ambition, originality and innovation, judges will also be looking for tangible and effective measurement of success within the context of investment, proof of concept, initial revenue and business growth.

Diversity & Inclusion Award

Entry criteria: This award is open to all insurance and reinsurance intermediaries, risk carriers, agents and investors working in the global P&C (re)insurance markets, as well as the trade bodies, organisations, associations and clubs that serve them.

 

The focus should be on programmes, events and other activities designed to promote and further inclusion and diversity. This category shall include but not be limited to actively improving the LGBT, gender, gender identity, BAME, disability, age and socio-economic diversity of the global (re)insurance market carried out in the year to 1 April 2021.

 

Judges will be particularly interested in proof of the efficacy of the initiative(s), the wider positive impact across the marketplace as well as the level of innovation, creativity and originality of entries.

(Re)Insurance Transaction of the Year

Entry criteria: Open to any regulated insurance and reinsurance intermediary, risk carrier, investor or ILS market participant serving the global P&C (re)insurance markets, whether in the live or the legacy sector.

 

This award recognises innovation in any large one-off risk transfer deal completed in the last 18 months (2020-21). Judges will be looking for imaginative solutions brought to bear to satiate existing or stimulate new growth, or to help the market solve seemingly intractable problems to the satisfaction of all parties and the benefit of the market as a whole.

 

Examples of strong potential candidates from years gone by might have included Berkshire Hathaway’s reinsurance of Equitas or early examples of sidecar and/or contingent capital deals.

M&A Transaction of the Year

Entry criteria: Open to buyers and sellers of risk carriers, (re)insurers and intermediaries as well as their advisers. The prize will be awarded to the merger or acquisition the judges think has made the most economic as well as strategic sense in the past 18 months, producing a value adding proposition for both parties.

 

As well as the deal economics and rationale, judges will be looking at how cultural issues were dealt with and how well the deal was received by markets and investors, as well as how successfully its execution has progressed post-transaction.

MGA of the Year

Entry criteria: This category intends to recognise the increasingly important role MGAs are playing in our marketplace as homes for entrepreneurial underwriters looking for independence, and as sources of new and diversifying profit streams for the carriers that back them.

 

Candidates will be managing general agencies that have provided an outstanding underwriting service to the global P&C (re)insurance market in the past year and have brought product innovation to the markets they serve. The winner will be a company or a team which has demonstrated excellent underwriting performance in the past year, coupled with an ability to bring profitable business opportunities to its carrier backers that they would not otherwise have seen.

Broker of the Year

Entry criteria: Open to all regulated insurance and reinsurance intermediaries serving the global P&C markets. The judges will be looking for a company that can demonstrate continued incremental business expansion and improvement in turnover, margins and profits over the previous 12 months.

 

Judges will look to see how management and staff have embraced change in the pursuit of these goals as well as improvement in customer service and retention. The judges will also be interested in evidence of progress in the delivery of these and the broker’s stated business goals. 

Cuthbert Heath Award (Claims and Losses)

Entry criteria: This large loss award is open to the claims departments of risk carriers, brokers, loss adjusters and all organisations that have been involved in the reaction and response to major losses and claims events occurring in 2020-21.

 

These could be a manmade loss that gives rise to a large and complex claim, or a natural catastrophe that gives rise to a series of claims.

 

Judges will be looking for entries that demonstrate an ability to rise to the extraordinary challenge of such incidents, including the best deployment of the organisation’s in-house resources as well as the ability to co-ordinate and organise third party suppliers to the benefit of all parties.

 

The celebrated Lloyd’s underwriter Cuthbert Heath instinctively knew that (re)insurers are ultimately judged on how they handle large and complex claims, be they manmade or the result of natural disasters. His famous response to the 1906 San Francisco earthquake – “pay all of our policyholders in full, irrespective of the terms of their policies” – led to Lloyd’s becoming a 20th century powerhouse in the US and non-marine markets. Following his death in 1939, The Economist called him “the first man to see the potentialities of insurance in the modern world”.

CFO of the Year

Entry criteria: The winner of the Chief Financial Officer (CFO) of the Year category will exemplify outstanding leadership in business.

 

He/she will be the driving force behind growth have demonstrably contributed to positive financial results in 2020/2021.

 

They will have increased shareholder value where applicable, carried out their role with sound management and proven corporate governance, together with intangible qualities such as integrity and vision.

 

They may also have been involved in some form of corporate innovation.

Outstanding Leadership Awards

Our Outstanding Contributors and Lifetime Achiever Honours will be chosen purely by a senior Insurance Insider tribunal with winners announced at the ceremony itself.

Outstanding Contributor – Distribution

Candidates will be an individual working at a P&C (re)insurance company or intermediary as well as those working in the regulation and governance of the same.

 

Through their hard work and strength of their personality, the winner will have made an outstanding contribution to the development of this sector over the last year.

Outstanding Contributor – Risk

Candidates will be an individual working at a carrier in the global P&C (re)insurance market. The winner will have made an outstanding contribution to the development of a risk carrier over the last year.

 

This can include carriers and marketplaces, exchanges, risk-bearing venture capital or private equity insurance funds, as well as those working in the regulation and governance of the same.

 

Through their strong leadership, this person will have made an outstanding contribution to the industry over the last year.

Sponsored by EY

The Lifetime Achiever Honour 

The editorial tribunal will vote this honour to a person who they believe has distinguished themselves whilst making the highest contribution to the industry over the course of their working life.

 

Candidates will be an individual working in, regulating, lobbying for, or providing services to the global P&C markets through a career that will have spanned at least 20 years.

Judges

More judges to be confirmed, check back soon.
Rupert Atkin

Former Chairman

Talbot Group

Sheila Cameron

Chief Executive

Lloyd's Market Association

Neil Maidment

Former CUO

Beazley

Ulrich Wallin

Chairman of the Board

HDI Global Specialty

Adam McNestrie

Editor-in-Chief
(Chair of Judges)
Insider Publishing Group

Gavin Bradshaw

Head of Editorial Strategy (Chair of Judges)
Insider Engage

Sponsors

Want to get involved?

Sponsoring the Honours

Sponsoring the Honours is not just about the awards night and networking, nor is it about your brand exposure in the lead up to the awards. It is about sponsors having the opportunity to align their company with the leading (re)insurance awards - one that brings the whole community together. You will gain excellent profiling through Insurance Insider and on our dedicated website ensuring your brand is carried to the masses. 

Please email events@insuranceinsider.com to find out more about sponsorship opportunities.