Tell your success story by entering one of the categories below
With total premiums above EUR 13.8 billion and a balance sheet of EUR 43.3 billion assets in 2016, SCOR is an independent global reinsurance company, aiming to develop its Life and P&C business lines, to provide its clients with value-added solutions and to pursue an underwriting policy based on profitability, through effective risk management and a cautious investment policy. In this way, SCOR offers its clients an optimal level of security (AA- rating from S&P and Fitch, A+ rating from AM Best and Aa3 rating from Moody’s) and creates value for its shareholders.
The Group’s strategy is based on a development model driven by three entities: the P&C entity (Property & Casualty reinsurance), the Life entity and the Asset Management division. The Group has more than 2,750 employees worldwide in its 38 offices.
Sponsored by SCOR
Managing general agencies (MGAs) are playing an increasingly important role in the market, providing new income streams for capacity providers and vehicles for innovative underwriters to bring new products to market.
This category is open to London market MGAs and service providers.
The award is for a successful initiative over the past year. This could include the launch of an MGA operation, or the introduction of a new line of business by an existing MGA. Innovative services to support the MGA market will also be considered.
The judges will be looking for evidence of:
Sponsored by EC3/Legal
Insurers cannot hope to escape the increased scrutiny facing the whole of the financial services industry.
Against this background the role of the professional adviser is becoming ever more central. This award seeks to reward the often overlooked contribution that professional advisers make to the insurance sector. It is open to any individual or organisation whose principal role is providing advice or service to the insurance industry.
The award’s scope includes lawyers, accountants, loss adjusters, claims professionals, rating agencies, IT providers and consultants. Our judges will be looking for entries that demonstrate a genuine understanding of the needs of the sector as a whole and have a proven record of promoting and improving the industry for the sake of participants and clients.
In particular the winning entry will show:
This award is designed to reward the most successful broking team of the year.
In particular this award seeks to highlight those teams that have broken new ground and moved into new markets through the application of innovative thinking. The business of broking never gets easier and the recent economic turmoil only emphasises that. With this award we seek to reward those broking teams that have shown that they can cope and prosper in the tough new environment and deliver value-adding solutions for their customers.
The criteria are as follows:
This category is not open to companies, but rather teams of individuals working within companies in the London market.
Sponsored by Advent
This is a broad category open to insurers and reinsurers, but judges would also welcome joint entries from carriers and brokers.
The winner will have shown a good track record for excellent claims handling skills or will have put in place a claims initiative which has benefited the customer and demonstrated innovation both in underwriting risk and dealing with claims.
The judges will focus on the skill of the claims paying process, including:
This award is open to claims teams working in the London market.
This award is designed to reward an individual for making a real difference to the industry over the period, through leading a collective effort or making a series of outstanding individual contributions.
This award is for those individuals who have gone well beyond the call of duty and achieved a result for their company or industry body and the industry as a whole. This award particularly seeks to reward those who have taken on a big and challenging project and made it work.
We seek to reward those individuals who have:
This award is only open to individuals.
Innovation thrives in difficult economic times, so we are expecting some strong entries in this category that encompasses fresh thinking in product, service and delivery.
The insurance world has faced numerous challenges over the years to stay ahead of the game. But in many instances it has coped manfully and this award seeks to reward the innovation displayed by insurers, reinsurers, brokers or service providers in achieving excellence to meet the needs of their clients.
The award will recognise the initiative that redefines the industry’s competitive landscape and raises the bar for customers’ or partners’ expectations.
The criteria are as follows:
The skill and enthusiasm of individuals has underpinned the 300-year-plus successful history of the London insurance market. Uniquely not just among financial services, but among industry generally, the insurance industry thrives on co-operation between competitors. Because of the importance of relationships within the London market there is enormous scope for individuals to affect the way business is done.
The history of the London market resounds with iconic individuals who blazed a trail ensuring that London established itself as the centre of global insurance and more recently retained that title in the face of competition from new jurisdictions. That continues to this day and that it is the long-term contribution to the London market by individuals that we are looking to recognise with this award.
Insurance Day’s role as the only daily newspaper for the international insurance and reinsurance sectors puts it in a unique position to inform and delight its readers with news and insight all day every day.
Over the course of the year we bring you hundreds of stories, providing context and insight that helps you navigate the tides of the insurance cycle and wider economic eddies. But which of those news stories has had the most profound impact on the London insurance market during 2017?
This year Insurance Day will give guests at the London Market Awards Dinner the chance to decide. Voting will take place at the awards ceremony – so you can have your say!
Sponsored by Charles Taylor
London's reputation has been built up over the course of centuries, but for this award we are looking for the stars of the future.
They will have a good knowledge and understanding of the successes of the past − and the failures − but more importantly will have an appetite for innovation to address the developing needs of the 21st century market place. The winner of this award will be an individual − under the age of 35 − working as an underwriter or broker in the London or Lloyd’s market who demonstrates:
This award will be given to an individual who has met these criteria through work carried out for a specific project or a series of projects that can be measured by the judges.
The category is open to individuals under the age of 35 on 1 December 2016.
This award recognises the company making the most innovative use of technology in designing, developing and delivering an industry-leading solution that enables significant business value.
The award recognises the initiative that redefines the industry’s competitive landscape and raises the bar for customers’ or partners’ expectations. The award may be for a system developed in-house or purchased, a business process outsourcing solution or a combination of these elements.
The criteria are as follows:
This award is open to companies, individuals or teams from within the London market.
Sponsored by ACORD
This award will go to the team, or group of teams responsible for structuring the most impressive transaction of the year in the eyes of the judges.
The transaction must involve companies or vehicles where the primary focus is the transfer or financing of risk. While the judges are keen to see submissions on risk transfer or financing transactions, they will also consider corporate deals including mergers and acquisitions.
The winner will stand out by:
Examples could include utilisation of capital markets, an acquisition or a capital-raising initiative.
This award is designed to reward the most successful underwriting team of the year. The size of the team does not matter.
Insurance Day is looking for those teams that have achieved the remarkably difficult task of achieving growth in profitability while at the same time delivering quality of service and improved results for customers.
The criteria are as follows:
• Improvement in underwriting performance
• Innovation in terms of products or service
• Customer satisfaction
This category is only open to teams of individuals who work within an underwriting operation in the London market.
Ensure success by reading through our entry guide. This guide includes: