CRITERIA |
When entering the 2017 Awards,
please read through the following criteria for your chosen category(ies), which
explains what the judging panel will be looking for when they judge the entries
and select the winners. Entries will close on Thursday 24 November.
Please note that the judging period is from 1 November 2015 to 31 October 2016.
Newcomer
Key criteria include:
- Innovation and entrepreneurialism
- Sound business strategy
- Demonstrated growth
Key criteria include:
- Quality of advice given to clients
- Diversity of product offerings
- Innovation
- Setting professional standards
- Sound business strategy
Key criteria include:
- Quality of advice given to clients
- Diversity of product offerings
- Innovation
- Setting professional standards
- Sound business strategy
Key criteria include:
- Quality of advice given to clients
- Diversity of product offerings
- Innovation
- Setting professional standards
- Sound business strategy
Specialty lines broker
The judges will reward the broker in each category who has shown the best business strategy and maintained a strong client base over the past year.
Key criteria include:
- Quality of advice given to clients
- Diversity of product offerings
- Innovation
- Setting professional standards
- Sound business strategy
Individual categories:
The prize for Rising Star will go to the individual who has
demonstrated the commitment, passion and drive to become one of the industry’s
key movers and shakers in the future. This award can go to an individual in any
company, however well established, as long as the person involved is still in
the process of forging their career.
Key criteria include:
- Entrepreneurialism
- Innovation
- Business strategy
- Helping to grow and improve the overall Mena insurance market
Insurer (country) categories:
Bahrain insurer, Jordan Insurer, KSA Insurer, North African Insurer,
Oman Insurer, Qatar Insurer, UAE Insurer
The judges will
bestow these awards on the insurer who has achieved a leading position in its
respective country. The insurer will have established a strong business model
with a wide-reaching network. A great marketing strategy and top quality
product offerings will also set this insurer apart from its competitors.
Key
criteria include:
- Demonstrated sustainable growth
- Market share
- Range of products
- Corporate governance/leadership
- Innovation
- Sound
business model
Insurer (innovation) category:
Most innovative insurer
This
award will be presented to the company who has broken the mould in the Mena
insurance industry by launching new, original and valuable product(s) and/or service(s)
to more effectively meet clients’ requirements. This award also recognises
those players who are growing in their local markets by exploiting
socio-demographic and technological trends, while also successfully expanding
into new markets.
Key criteria include:
- Impact on the insurance market and/or line of business
- Meeting client demands
- Setting standards for the industry
- Creativity
Insurer (lines) categories:
Commercial lines insurer
The
judges will award the insurer in each category who has demonstrated particular
expertise within those lines. Careful underwriting, solid results and a capable
team will set the winner apart from the rest.
Key criteria include:
- Technical expertise
- Sound underwriting
- High-quality product offerings
- Business strategy
- Setting professional standards
- Leadership
Employee benefits provider
The judges will award the insurer who really stands out from the rest, particularly in this highly competitive line of business. The winner will have displayed good relationships with a wide network of healthcare centres and innovative market experience.
Key criteria include:
- Market knowledge
- Demonstrated sustainable growth
- Quality of product offering
- Robust underwriting
- Expertise of team
- Innovation
- Helping to grow and improve the overall Mena health insurance market
The judges will award the insurer in each category who has demonstrated particular expertise within those lines. Careful underwriting, solid results and a capable team will set the winner apart from the rest.
Key criteria include:
- Technical expertise
- Sound underwriting
- High-quality product offerings
- Business strategy
- Setting professional standards
- Leadership
The judges will award the insurer who really stands out from the rest, particularly in this highly competitive line of business. The winner will have displayed good relationships with a wide network of healthcare centres and innovative market experience.
Key criteria include:
- Market knowledge
- Demonstrated sustainable growth
- Quality of product offering
- Robust underwriting
- Expertise of team
- Innovation
- Helping to grow and improve the overall Mena health insurance market
Insurer - Overall
This category recognise the insurer who has set the standard for others to follow over the past year. The judges will be looking for a company that has shown sustainable growth, innovation and robust industry knowledge. Although scale is a consideration, it is the company’s development which will set it apart from the rest.
Key criteria include:
- Technical expertise
- Strong underwriting
- Financial strength/capitalisation
- Setting professional standards
- Innovative product offerings
- Responsiveness to clients and their needs
Life Insurer
- Market knowledge
- Demonstrated sustainable growth
- Quality of product offering
- Robust underwriting
- Expertise of team
- Innovation
- Helping to grow and improve the overall Mena life insurance market
The judges will award the insurer in each category who has demonstrated particular expertise within those lines. Careful underwriting, solid results and a capable team will set the winner apart from the rest.
Key criteria include:
- Technical expertise
- Sound underwriting
- High-quality product offerings
- Business strategy
- Setting professional standards
- Leadership
Key criteria include:
- Tailor-made products for the SME sector
- Innovation
- Working to increase risk and insurance awareness among SMEs
- Responsiveness to clients and their needs
The judges will award the insurer in each category who has demonstrated particular expertise within those lines. Careful underwriting, solid results and a capable team will set the winner apart from the rest.
Key criteria include:
- Technical expertise
- Sound underwriting
- High-quality product offerings
- Business strategy
- Setting professional standards
- Leadership
Takaful Insurer
Key criteria include:
- Sound business model
- Robust and prudent underwriting
- Technical expertise
- Demonstrated sustainable growth
- Shariah compliance and Shariah governance
- A focus on the needs of the population seeking Shariah-compliant products
Reinsurer
This award goes to the reinsurer who has demonstrated strong capitalisation, technical underwriting and stable returns, while bringing expertise and knowledge to the region to help the Mena insurance industry take the next step forward.
Key criteria include:
- Sound business model
- Strong management team and strategy
Key criteria include:
- High-quality product offerings
- Sound knowledge and expertise
- Understanding and meeting clients’ needs
- Sound business strategy
- Demonstrated sustainable growth
Key criteria include:
- Impact on the insurance market and/or line of business
- Meeting client demands
- Setting standards for the industry
- Creativity
Takaful reinsurer
Key criteria include:
- Sound business model
- Robust and prudent underwriting
- Technical expertise
- Demonstrated sustainable growth
- Shariah compliance and Shariah governance
- A focus on the needs of the population seeking Shariah-compliant products
These awards will go to the providers that have shown the highest
levels of service to the regional (re)insurance space. The winners will be the
providers that have shown they can differentiate themsselves from their peers.
Key criteria include:
- Expertise of team
- Understanding of clients’ needs
- Innovation in services
- Sustainable growth and business strategy
- High business standards
Key criteria include:
- In-depth knowledge of the insurance industry
- Expertise in insurance legislation
- Brand and reputation
- Understanding of and involvement in developing insurance legislation
Technology firm
Key criteria include:
- Innovation
- High-quality product offering
- Meeting industry and client demands
- Ease of use
Key criteria include:
- Efficiency and effectiveness
- Expertise of team
- Robust systems and processes
- Understanding and meeting clients’ needs
- Innovation in services
- Demonstrated sustainable growth and sound business strategy
Key criteria include:
- Impact on the insurance market and/or line of business
- Meeting client demands
- Setting standards for the industry
- Creativity
Banking services for insurance companies
Key criteria include:
- Relationship with the insurance industry
- Meeting insurance companies’ demands
- Innovation in services
Investment services for insurance companies
Key criteria include:
- Expertise of team
- Understanding and meeting the industry’s requirements
- Efficiency and effectiveness
Ratings agency
Key criteria include:
- In-depth market and risk environment knowledge
- Quality of service provided
- Impact on the insurance and risk management culture
- Setting standards for the industry
* These categories are open to the public vote. If you would like to nominate someone for either or both categories, please complete the official online entry form.