Category |
Criteria |
Accounting
Specialist |
Open
to all accounting firms or internal divisions serving the UK captive market. Judges will pay particular attention to examples of
efficiencies in areas such as GAAP, auditing and tax reporting. They will
also look for firms that can show a clear understanding of their client's
specific and unique requirement. |
Actuarial
Firm |
Open
to all actuarial firms or internal divisions serving the UK captive market.
The award looks at firms who demonstrate excellent service, meeting clients’
needs and satisfaction. Judges will be looking for companies whose customers hold in
high regard their loss reserving, risk modelling, business planning,
forecasting and the development of early warning systems. Specific
contributions to professional organisations and specific mention of
participation in discussions with regulators to support (or resist)
regulatory developments. |
Broker (NEW
FOR 2016) |
This
award is open to all independent brokers that DO NOT have a captive
management division. Judges will be looking for a
demonstration of extensive captive knowledge and experience with evidence of
the delivery of suitable captive solutions to clients from the last 12
months. Case studies and client testimonials are
encouraged in this category. |
Captive
Healthcare Specialist |
Open
to firms who specialise in healthcare captives or healthcare risks. The Judges are looking for examples of firms showing true signs
of innovation and depth of understanding of the sector, the client’s needs
and regulatory requirements. Contributions and involvement in professional
organisations and/or regulatory developments. Specific service offerings,
service levels and overall success of the business over the last 12
months. |
Captive
Manager |
This
award is open to all captive management firms who currently manage business
for UK parent companies. Awarding excellence in all areas
of captive management we are looking for evidence of business growth by
revenue, client numbers, service offering and head count and above all client
satisfaction. Judges will look for
applicants to demonstrate their diverse product offering and solution based
services, advances in use of technology, accessibility to clients,
initiatives developed/implemented in the last 12 months and overall business
growth. |
Captive
Professional |
This
award is presented to an individual who demonstrated exceptional performance
within the captive insurance industry during the last 12 months, whether
through the development of the organisation they work for, or the broader
captive industry. The winner could be someone who has led significant change
within a business through their vision and application, or has helped the
sector through their engagement with stakeholders, regulators and politicians
to effect a positive change. We encourage firms to nominate candidates they
think fit this criteria and the judging panel will determine the winner. |
Cell
Captive |
This
award is open to all functioning protected or incorporated cell companies
that are owned either by an insurance manager or a corporate. Judges will be looking for growth within the cell company over
the last 12 months as well as an innovative use of the structure to most
efficiently and effectively organise the risk financing. Case studies and examples of specific types of risk and insured
placed in the cell company are encouraged in this category. |
Cell Company
Initiative |
Open
to all cell companies and captive managers facilitating cell captives. The judges are looking for one specific and truly unique use of
a cell company to suit a clients' bespoke needs. It may be an initiative made
particularly tricky by the regulatory environment of the insured or due to a
new type of risk. Cited examples can also include the evolution of a cell
company into a single parent captive, although nominations should be clear to
only choose one example to submit. |
Claims
Management |
Open
to any claims management firm or claims handling division of a business who
service captives. Judges will be looking for exceptional
quality of service given to claimants whether through routine claims service
or following complex issues for specific claims. Devlopments and use of
technology will be considered by our judges. |
Collateral
Service Provider |
This
award is open to any firm that is providing collateral to the captive in any
capacity. The focus is on customer care, client relations, tailoring services
to the client’s needs and accessibility. Judges will look
for the breadth of service offering, efficiencies and benefits the client has
achieved by working with the applicant. Evidence of business growth and
increase of market share is also an important factor for our judges to
understand. Client testimonials are encouraged for
this category. |
Customer Care
in Captive Management |
The
focus of this award is on the captive management firm demonstrating how its
service offering has improved its clients’ business functionality, access to
information and reporting. Judges will look for evidence
of valued customer care, improved efficiency and knowledge, expertise and
accessibility of the team. Client testimonials are
encouraged for this category. |
Customer Care
in Fronting |
This
award will focus on client satisfaction with their fronting provider. The
fronting company should demonstrate, excellent business functionality,
customised arrangements, ease of access to information, reporting,
communication and the team and multi-national/state capabilities. Judges will be looking for companies to demonstrate their
multi-state/international capabilities, improved efficiency and customer
care, expertise and accessibility of the team. Client
testimonials are encouraged for this category. |
Customer Care
in Investment Management |
Open
to asset managers and investment advisors. This award
will be presented to the firm that best exhibits unrivalled customer care and
satisfaction. Delivering strong results through balancing investment risk and
return. Evidence of a clear understanding of clients’ specific and unique
requirements is essential. Client testimonials are
encouraged for this category. |
Employee
Benefits Specialist |
Open
to all firms advising on or structuring employee benefits programmes for UK
parented captives. Judges wish to identify firms who
excel in their field through excellent planning and engagement with the
client and all divisions across the client's parent divisons. Examples of integrating risk management and human resources,
reducing benefit costs and innovation in driving this area of the captive
industry are also welcomed. |
European
Domicile |
This
award is open to all on- and offshore European captive domiciles housing UK
parented captives. Submissions should be able to
demonstrate their ability to deliver an efficient service, while not
compromising on sound and thorough regulatory practices. Active engagement
with their domestic captive industry as well as with the broader European
scene will also be looked upon favourably. |
ILS Service
Provider |
This
award is open to all service prodivers including law firms, insurance
managers, actuaries and risk modelling agencies working within the
ever-growing insurance linked securities (ILS) space. Judges
will be looking for innovative use of ILS structures, company diversification
in the space and sound practice in an increasingly complex arena. Submissions should include examples of specific deals the
provider has played a part in during the last 12 months. |
Independent
Captive Manager |
Open
to self-managed captives and captive managers that are not related to a
larger parent company. Our judges will be focused on
activity over the last 12 months and will be looking for the highest
standards of customer care and satisfaction, excellent reporting process and
access to the team, innovative ways of managing your clients risk and
insurance structures and clear examples of efficiencies. The judging panel
would also like to see evidence of business growth and key staff playing an
active role in industry discussions and setting the agenda for the broader
industry. |
Innovation in
Fronting |
This
award is open to all insurance companies providing fronting services to
captives. Judges will be looking for specific examples of problem solving and
tailored fronting programmes to suit the needs of clients. The demonstration
of international capabilities is important, however this category is seeking
to highlight initiatives that set fronters apart. |
Innovation in
Investment Management |
Open
to asset managers and investment advisors. This award
will be presented to the firm displaying true innovation excellence in
investment strategy, unique solutions and services and exceptional
performance tailored to individual client’s needs and expectations. New use
of technology for reporting and market analysis, particularly if
white-labelled will be considered. |
Insurance
Company |
Open
to all insurers acting specifically within the captive market. The winner of this category will demonstrate excellence across
all its captive related services, consistent customer satisfaction,
profitable growth, innovation in product delivery and services, setting
agenda for major industry issues and a willingness to address the unique
needs and challenges faced by clients. |
Most
Innovative Use of an ART Structure |
Open
to all firms who design/manage/consult on ART structures. This
award will showcase firms who have displayed creative and innovative design
while ensuring effective cover. Evidence of cost benefits, efficiencies,
complexity or simplicity of the structure and use of alterative markets such
as the capital markets or using the structure as a profit centre will all be
considered. |
Offshore Law
Firm |
Open
to law firms in ‘offshore’ jurisdictions servicing UK parented captives in
the last 12 months. The award recognises contributions to
the captive market through legal expertise and innovation, strategic vision
and business winning client care. Specific contributions, participation in
discussions with regulators to support (or resist) regulatory developments. |
Onshore Law
Firm |
Open
to UK law firms servicing captives in the last 12 months. The
award recognises contributions to the captive market through legal expertise
and innovation, strategic vision and business winning client care. Specific
contributions and participation in discussions with regulators to support (or
resist) regulatory developments. |
Outstanding
Contribution by an Individual |
The
winner of this special award will be presented to an individual who has made
extraordinary contribution to the success of the UK captive industry through
their illustrious career. We are not accepting entries to this category.
However should you wish to nominate an individual, these will be considered
by our panel of judges. |
Reinsurer |
Open
to all carriers providing reinsurance to captive insurance companies. Judges
will be expecting to see innovation and attention to detail when working with
captive clients. Efficiency in programme management,
speed of claims processing will also be rewarded and recognition of the
unique nature of captives will also be rewarded. |
Risk
Consulting Initiative |
Open
to any firm conducting risk consulting services. The
driver behind the award is to identify innovation in risk consulting over the
last 12 months. Judges will look to identify KPI’s from the following:
innovation from a particular transaction or deal, developments within new
markets/risks, new product development and industry lobbying. |
Run-off
Specialist |
Providing an innovative and effficient approcah to managing
captives in run-off, entrants should be able to demonstrate to the judges a
proven track record of disposing of or transforming insurance companies no longer wanted.
Management approaches and relationship with the end client will also be
considered, as well as success stories. Client
testimonials are encouraged for this category. |
Solvency II
Initiative |
This
award is open to any service provider or domicile that has delivered a
specific product or educational campaign that is aimed specifically at easing
captive owners' transition into a Solvency II compliant world. Judges will be looking for innovation as well as the provision
of an efficient and easy-to-use concept. Client
testimonials are encouraged for this category. |
Subrogation
Specialist (NEW FOR 2016) |
The
judges will be looking for examples of subrogation experts actively seeking
out and providing valuable services to captive owners. Demonstration of
developing sustainable relationships with clients and how subrogation can be
utilised on an ongoing basis alongside an insurance programme will be
welcomed. Client testimonials in this category can provide evidence of
achievement in this category. |
Tax Advisory
Firm |
Open
to all tax advisory firms. The judges will look for
excellence in technical tax advice, tax reviews and compliance. Use of
software products and capabilities, particularly white-labelled will be
considered by our judges. |
Technology
Firm |
This
award will focus on business, administrative processes and innovation. It is
open to any firm in the captive insurance market - insurer, intermediary,
service provider and technology specialist - that can
demonstrate that the application of new software, hardware or information and
communications technology has enhanced the quality, efficiency and
cost-effectiveness of managing insurance risk placed in a captive, running a
captive company or captive management firm. The judges will be looking for
evidence of greater efficiency, customer service, lower error rates and
effective implementation within agreed budgets and timetables. |