News Middle East27 Nov 2018

MENA:Winners shine at 5th Middle East Insurance Industry Awards

27 Nov 2018

Fifteen industry heavyweights took centre stage at the 5th Middle East Insurance Industry Awards (MIIA) gala dinner held in Dubai last night, beating more than 300 entries from across the MENA region to emerge victorious.

RAK Insurance clinched the inaugural Digital Initiative of the Year award for its commitment to enhancing its digital services to provide the best customer experience. Health at Hand fought off stiff competition to bring home the Innovation of the Year award – a hotly contested category – for its leading telehealth app which gives consumers access to the care they need without stepping into a clinic.

For the third year in a row, NEXtCARE, a member of Allianz Worldwide Partners, won the TPA of the Year award in recognition of its ability to provide innovative and cost-effective healthcare solutions to its clients in the MENA region.

The big winner of the night was Orient Insurance – sweeping up both the Life Insurance Company of the Year award for the third time and its first Health Insurance Company of the Year award – another popular category.

Gulf Insurance Group (GIG) board member and group CEO Khaled Saoud Al Hasan claimed the coveted Personality of the Year title. An industry veteran, Mr Al Hasan is well-regarded among his peers and recognised for his dynamic leadership of the company for over four decades.

“This year, in line with the world going all tech and disrupted, we have introduced a new category to recognise the insurer making the most effort to embrace digital initiatives. The most hotly contested category is in innovation, bearing testimony to the fact that the Middle East is just as open to change as any other market in the world,” said Mr Sivam Subramaniam, editor-in-chief of Middle East Insurance Review and organiser of the awards.

“The judges spent much time and effort discussing the quality of the finalists. Some choices were easy, others were tough and there were some touch-and-go cases, too,” he said. “I urge the winners to go all out to celebrate their victory and add depth to the market. Stand tall so that you lend prestige to the awards and boost the industry to loftier ideals.”

The full list of the 5th MIIA winners is as follows:

Award

Winner

Life Insurance Company of the Year

Orient Insurance PJSC

General Insurance Company of the Year

Emirates Insurance Company

Health Insurance Company of the Year

Orient Insurance PJSC

TPA of the Year

NEXtCARE

Takaful Company of the Year

Abu Dhabi National Takaful Co PSC

Educational & Training Initiative of the Year

Bahrain Institute of Banking & Finance

Innovation of the Year

Health at Hand

Digital Initiative of the Year

RAK Insurance

Service Provider of the Year

Milliman LLC

Corporate Risk Manager of the Year

Ms Elsa Goutveniger, Majid Al Futtaim

Law Firm of the Year

HFW

Broker of the Year

Howden TMEA

Reinsurance Broker of the Year

Chedid Re

Reinsurance Company of the Year

Zurich Insurance Company Ltd

Personality of the Year

Mr Khaled Saoud Al Hasan, Gulf Insurance Group (GIG)

 

The MIIA, organised by Middle East Insurance Review and supported by DIFC, DIFC IA, FAIR and GAIF, is lauded as the premier awards of the MENA region with clearly defined criteria and a transparent judging process. A panel of 14 distinguished judges were involved in the assessment of the nominations this year. The results were independently audited by EY.

Sponsors this year include AIG, Arig, Chedid Re, Lloyd’s, MEDGULF, Oman Insurance Company, RGA and Zurich.

For more information, please visit  www.meinsurancereview.com/meirawards2018

Contact:

Ms Jennifer Chee   DID: +65 6372 3189
Email:
jennifer@asiainsurancereview.com

 

The Judging Panel

Mr Abdul Khaliq R Khalil

Secretary General, General Arab

Insurance Federation (GAIF)

Mr Julio García-Villalón

Employee Health & Benefits Practice

Leader of Middle East & Africa,

Marsh McLennan, UAE

Dr Adel Mounir

Secretary General,

Federation of Afro-Asian Insurers & Reinsurers (FAIR)

Mr Peter Englund

Senior Executive Officer,

Head of Commercial Insurance,

Middle East,

Zurich Insurance Company

Dr Bassel Hindawi

CEO,

DIFC Insurance Association

Mr Andrew Smith

Adviser and certified board director

Mr Fareed Lutfi

Secretary General,

Emirates Insurance Association

Mr Osama Abdeen

CEO,

Abu Dhabi National Takaful Company

Mr Omer Hassan Elamin

President,

Orient Group

Mr Jean-Louis Laurent Josi

CEO,

Oman Insurance Company

Mr Mark Cooper

General Representative Middle East

and Director of Lloyd’s Limited

Mr Yassir Albaharna

President, Federation of Afro-Asian

Insurers and Reinsurers (FAIR)

International Judges

Mr Emir Mujkic

Director, Financial Services

S&P Global Ratings

 

Dr Roger Sellek

CEO, EMEA & Asia Pacific

A.M. Best

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