It’s always nice to receive a little recognition for your work. And because the insurance industry can be tough, when awards season rolls around, it’s nice to be able to see that — despite all the challenges — you’re doing great work.
An award can be more than just a pat on the back. For smaller insurers, it can be the validation they need to make them a real player in the market. For larger insurers, it’s a sign that you’re doing the right thing and can prove that to your customers.
There are many great awards for insurers worldwide, so we’re going to break things down into locations to ensure you find the right award for your company.
Drumroll at the ready, here are — in no particular order — the top 10 awards for insurance companies!
Top 10 awards for insurance companies
The World's Digital Insurance Awards
Heading into its 7th year, The World’s Digital Insurance Awards showcases the best insurers at the cutting edge. There are three regional innovation awards up for grabs at the regional awards ceremonies, split into Asia Pacific, EMEA, and the Americas. Winners of the regional awards are automatically enrolled in the global awards ceremony, which is set to take place in December 2022.
The available awards are:
Insurer Transformation (global awards only)
Insurer Innovation (regional awards/finals, winners go into global awards)
Insurtech Innovation (regional awards/finals, winners go into global awards)
Efma-Accenture Innovation in Insurance Awards
The Efma-Accenture Innovation in Insurance Awards has been a catalyst for innovation in the insurance sector since its inception in 2015. It awards businesses that are transforming the industry with the latest technology to improve the lives of insurers and policyholders.
This is a highly contested event that this year alone saw 398 entries from 251 institutions in 44 countries. 2022’s winners included Bolttech (Singapore), AIA (Thailand), PZU (Poland), and Allianz Partners (Spain).
Celnet Model Insurer Award
The Celnet Model Insurer award is a prestigious annual program celebrating its 17th year in 2023. It features five categories: Data, Analytics and AI, Digital and Emerging Technologies, Innovation Execution, Customer Experience Transformation, and Legacy and Ecosystem Transformation.
There is also an overall award, “Model Insurer of the Year,” awarded to one company that judges feel offers something radically different that stands out from the crowd and offers true results.
The British Insurance Awards
The British Insurance Awards are the holy grail for UK insurers. Having just wrapped up their prestigious black tie event at the magnificent Royal Albert Hall in London, we’re anxiously awaiting details on 2023’s event.
The awards are broken down into almost 30 categories including industry impact, sustainability, diversity, and technology. Winners of the 2022 event include Direct Line Group, Allianz Commercial, and Zurich Insurance.
Women in Insurance Awards
The Women in Insurance Awards shine a light on the amazing women transforming the industry for the better.
Last year’s event saw Alice Hendy of QBE Insurance winning Digital Champion of the Year and Unsung Hero of the Year. Other winners included Ngaire-Elizabeth Guzzetti of Allianz and Amanda Blanc of Aviva.
This year’s 4th annual event is set to be more special than ever and will be held at Hilton Park Lane in London and features an enormous nominee list featuring the best of the best in the UK insurance sector. Make sure to visit their website to see the full list of this year’s nominees.
InsureNXT Innovators Award
2022 saw the launch of the InsureNXT Innovators Award in Germany. Koelnmesse and Insurlab Germany have teamed up to honor the best innovators and disruptors in the insurance sector. The emphasis is on fresh products, services, and business models that will make a positive and lasting difference.
There are multiple awards up for grabs, including an award decided by the audience. This year the audience award went to Parametrix insurance after an online vote. Other categories include Insurance Tech + Start-up, Cross Industry, and Science and Collaboration.
Italy Insurance Awards
The Italy Insurance Awards are hosted by the Italy Insurance Forum and celebrate digital innovation. There are six awards to be won across four categories, including Best New Product, Best Digital Customer Experience Project, and Best Innovative Project. These are given to companies that run unique and beneficial projects that could revolutionize the industry for the better.
This year, Axa Italia won first place in the Digital Customer Experience category and secured wins in several other categories.
African Insurance Awards
The African Insurance Awards celebrate Africa’s budding insurtech industry. It looks to identify and stimulate distinctive innovations in the African insurance sector while encouraging further growth.
There are four awards up for grabs: Insurance Company of the Year, CEO of the Year, Innovation of the Year, and InsurTech of the Year. This year’s winners include MUA Ltd and PULA.
ADECOSE Star Awards
The ADECOSE Star Awards recognize those insurance companies that are truly commited to quality and excelence, according to their Barometer. Since 2019, these companies are rewarded with a Quality Seal.
Five Star Award
The Five Star Award seeks to identify the most innovative technology executives across the insurance industry in Latin America and is given by CELNET and Insurance Innovation Reporter. Our Argentinian client Orbis Seguros won the Five Star Award in June 2021, thanks partly to Bdeo.
The Argentinean insurer has been serving its policyholders for over 60 years. Despite their seniority in the market, the company isn’t afraid of innovation. The company aims to always go one step further for its customers, a value we share at Bdeo.
Bdeo played a part in Orbis Seguros’ commitment to innovation that led to the award. They came to us when building a dream team of companies and technological solutions, the Avengers of Insurtech if you will. Aligned with Orbis Seguros’ goals, our symbiotic relationship was fundamental in efforts that won them the award.
To learn more about how Bdeo helped Orbis Seguros gain this honor, check out our previous blog post!
For anything else, get in touch with our expert team today to see how we can help you achieve insurance excellence!
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