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It's official - we're back for 2024!
Now returning for the 13th year, The Insurance Insider Honours will yet again offer you the chance to celebrate the teams, innovations and success that made your year.
By submitting an entry before our deadline, you'll have the opportunity to have your work judged by a diverse panel of experts spanning from all corners of our vibrant industry.
In other news, we're back in the city! After a few years out in west London, the Honours will be returning to central London on 4 September 2024 at The Brewery.
The submissions deadline is 25 April 2024. Click here to submit your entry. More information is available in the entry pack here.
Please find the 2024 categories, judges, and partners below.
2024 Categories
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This award is open to all regulated insurance and reinsurance intermediaries serving eligible 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.
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The award recognises a broking innovation within the eligible period of the past year. Judges are looking for evidence that the innovation has broken boundaries in terms of its originality and success in increasing the size and scope of the market. Judges are also seeking examples that brought insurance solutions to satisfy emerging customer demand. For example, perhaps the initiative has challenged a cosy market context 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 a specific innovation
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This award recognises the vital importance of marketing, comms and PR to our industry this award aims to highlight fantastic campaigns and communications initiatives. Winners will be a combination of the agency or team alongside the brand or product. Judges will be looking for qualitative evidence such as coverage, impact and recognition as well as quantitative examples like conversations, leads, feedback and statistics on the campaign’s success. Campaigns that could be considered include product launches, rebranding, M&A, ESG initiatives, customer success stories or any other. Any part of the insurance ecosystem could be considered whether in broking, underwriting or claims; but also providers of solutions for example, tech or analytics. We encourage in-house teams and agencies to put in joint entries with their stakeholders.
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This award highlights (re)insurance companies that provided an outstanding service to the (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.
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The winner of the Chief Financial Officer (CFO) of the Year category will exemplify outstanding leadership in business. They will be the driving force behind growth have demonstrably contributed to positive financial results in 2023 - 2024. 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. This category is selected by our editorial team and cannot be entered. However, if you wish to make a suggestion that fits the description above, please use the form.
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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 the eligibility period; 2023-2024. 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.
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This award is open to all insurance and reinsurance intermediaries, risk carriers, agents and investors working in (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 opportunities and advancement of inclusivity and socio-economic diversity of (re)insurance market carried out in the year to 1 May 2024. 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. Winners will be programmes, initiatives with real on-going results which speak to colleagues and customers across a spectrum of underrepresented characteristics in the insurance market.
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This award recognises that our market has a part to play in the long-term future of our planet, the success of our businesses and the choices our people make. The winner will be able to demonstrate a programme which sits as part of a wider ESG strategy and could include several different elements such as:
- Investment strategies
- Equal and progressive recruitment practice
- Community outreach and investment
- Supply chain management
- Ethical business practice - Waste and energy management
- Net zero strategies
Judges are looking for a project programme with demonstrable, realised -- yet ongoing -- results. Evidence of success will be required, and judges will give special consideration to an initiative which sits within a wide ranging corporate ESG strategy. -
In a post-pandemic world, colleagues and companies have fast evolving expectations on work-life balance. More than ever before, business needs to progress ideas about where and when people work. This is a trend which accelerated in the last two years but has been a consideration for employers and their workers alike for some-time. The Employer of the Year will need to demonstrate a wide range of capabilities for a genuinely satisfied workforce to ensure they recruit and retain the best.
- A clear cultural strategy which encompasses inclusion, well-being, occupational health and freedom to speak up.
- Specific considerations are needed to ensure that maternity, paternity, childcare, and homelife are managed alongside the pressures of work.
- Employers must innovate to ensure their intake is more representative of the society they serve through training programmes, outreach to educational establishments and HR policies that ensure fair recruitment practice.
- Benefits and remuneration are key to equality and retention through programmes which reduce the gender pay-gap for example.
- Equal opportunities for progression and promotion through learning, training and education initiatives. -
This award is open to any organisation able to demonstrate the successful application of radical new initiatives to the (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. Whilst technological innovations may be given consideration, InsurTech based products should be submitted directly in the Insurtech Product of the Year category.
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This award is open to any organisation able to demonstrate the successful application of effective new technologies to the (re)insurance market. It is open to insurance industry incumbents as well as pure InsurTech businesses. Candidates should focus on demonstrating the successful launch of a product or service that transfers and/or distributes (re)insurance risk in more effective, innovative, and revolutionary ways. Judges will be particularly interested in the level of originality, 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.
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The editorial tribunal award 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. The winner is an individual working in – or providing services to – the UK markets through a career that has spanned at least 20 years. This winner is selected by our editorial team and cannot be entered.
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This award is 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. In addition to 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.
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This category recognises the increasingly important role MGAs play 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 agents that have provided an outstanding underwriting service to the (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.
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The winner of this category is an individual working in the (re)insurance intermediary sector. They will have made an outstanding contribution to the development of this sector over the last year. This category is not eligible for entry and will be selected by our editorial team.
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The winner will be an individual working on the risk-bearing side of the (re)insurance market. This is intended to be a broad category that can include carriers and marketplaces, 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. This category is not eligible for entry and will be selected by our editorial team.
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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 context 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.
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This award category is designed to celebrate the innovations and developments that the insurance market has been making to grow inclusivity for women. Itwill be awarded to an organisation which has put progress, representation, and inclusion at the heart of its agenda. We are looking for the best initiative(s) with demonstrable contribution to the advancement of women within the industry. The winner of this award will have developed a range of initiatives which could include career development, gender diversity recruitment campaigns, work-life balance. Judges will be looking for impact and influence not just on the business, but on the partners and in the wider market. Winners will be specific initiatives and/or organisations rather than individuals. If there are leading women spearheading initiatives, judges will take this into consideration as an organisational representative.
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Candidates will be an individual aged 35 or under on 31 December 2024, and working in the broking sector. The winner will have already made a significant contribution to the industry, clearly demonstrating a solid input into the future development of (re)insurance distribution. Candidates’ entries must be supported by their department manager.
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Candidates will be individuals working in the sector who are employed in the claims departments of intermediaries or carriers, and aged 35 or under on 31 December 2024. 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. The successful candidate will clearly demonstrate drive, innovation and evidence of their positive input into the future development of (re)insurance claims management. Candidates’ entries must be supported by their departmental manager.
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Candidates will be an individual employed as an underwriter aged 35 or under on 31 December 2024 whoworks in the sector. The winner will have already made a significant contribution to the industry and will be on a clear path to an important career in a leadership position. Candidates’ entries must be supported by their department manager.
Key dates for 2024
Submissions deadline
Thursday, 25 April 2024
Shortlist announcement
Thursday, 27 June 2024
The Honours
Wednesday, 4 September 2024
2024 Judging panel
Selected for their expertise with a cross-section of market knowledge, our 2024 judges will review our entries against a clear set of criteria. Judges will meet for a judging day in person to select our winners.
More judges will be revealed in the coming weeks.
2023 Winners
Broker of the Year — Sponsored by Arch Insurance
Miller
Broking Innovation of the Year
Marsh McLennan, Community- based catastrophe insurance (CBCI)
Carrier of the Year — Sponsored by DLA PIPER
Tokio Marine Kiln
CFO of the Year — Sponsored by Lloyds Bank
Sally Lake, Beazley
Claims Service Award
CFC
Diversity & Inclusion Award
Lloyd’s of London – LGBTQ+ Mentoring Programme (Led by Adam Triggs)
Employer of the Year
The Texel Group – ‘People Strategy’
ESG Initiative of the Year
Ninety – ARK, Ensuring humanity’s future
InsurTech Product of the Year — Sponsored by Tokio Marine Kiln
hyperexponential – hx Renew
Lifetime Achievement Award
Matthew Wilson
M&A Transaction of the Year
Howden – Acquisition of TigerRisk Partners by Howden Group Holdings
MGA of the Year
Corvus
Operational Innovation of the Year
LMG Data Council chaired by Sheila Cameron
Outstanding Contributor of the Year - Distribution — Sponsored by Allied World
Dominic Christian, Global Chairman Reinsurance Solutions, Aon UK
Outstanding Contributor of the Year - Risk — Sponsored by EY
Andrew Brooks, former CEO, Ascot Group
Underwriting Innovation of the Year — Sponsored by NEAM
Arbol Inc and Centauri – dRe Lifecycle
Women in Insurance Award
The Insurance Breakfast Club
Young Broker of the Year
Nicholas Parker, WTW
Young Claims Professional of the Year — Sponsored by DOCOsoft
Hannah Smedley, Senior Claims Specialist, Liberty Specialty Markets
Young Underwriter of the Year — Sponsored by MS Amlin
Struan Todd, Co-Founder & Managing Director, Pandamatics UW
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