Zurich Insurance, Reinsurer of the Year at the 5th Middle East Insurance Industry Awards

The 5th Middle East Insurance Industry Awards (MIIA) gala dinner held in Dubai on 26 November saw Zurich Insurance winning for the second consecutive year the Reinsurance Company of the Year award.

According to the gala's jury, the company sets itself apart from its competitors, among others, by being the only commercial underwriter in the Middle East with the direct decision-making ability to write business in areas such as cybercrime, environmental, and food safety and product recall."

Overall, fifteen industry heavyweights took center stage at the 5th MIIA gala dinner, 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 recognized 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 recognize 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 organizer of the awards.

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

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, organized 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.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

The 15th International Risk Management Conference to take on 11-12 April 2019 at The Ritz-Carlton hotel in Almaty, Kazakhstan

The 15th International Risk Management Conference taking place on 11 and 12 April 2019 at The Ritz-Carlton hotel in Almaty, Kazakhstan. Since 2005, this Conference has become a traditional event not only for the insurance sector of the CIS countries, but has also acquired the international status. XPRIMM Publications is a traditional media partner of the event.

2019-02-07

Inclusive Insurance - a creative solution to narrow the protection gap in the emerging markets of the Southeastern Europe

Insurance should be accessible to all social classes, regardless of their wealth & income status. Products offered today are conventional insurance products, largely inspired from the developed markets as "one-size-fits-all" solutions, affordable to only middle- and high-income clients in the Eastern Europe's emerging & developing markets. Inclusive insurance's goal is making insurance available to all, with responsible insurance offers, thus making up for a solution to narrow the insurance coverage gap in the region.

2019-02-14

Latest trends and challenges in the property and motor insurance lines under scrutiny, in Vienna

Property and motor insurance lines are providing for about 75% of the non-life insurance business in the CEE region, but are responsible for over 77% of the claims expenses. As such, although other classes of risks are emerging, for the time being and most probably for a rather long period ahead, property and motor insurance lines will continue to be at the heart of CEE's insurance market architecture.

2019-02-14

FIAR 2019: Register before 28 February and save EUR 400 of the attendance fee

To the satisfaction of its traditional guests, FIAR returns in 2019 to its historical hometown, Sinaia. The forthcoming edition will benefit from the comfort and professional facilities of a new venue, the Conference Center of the International Hotel ****, located in the heart of the beautiful mountain resort. Registration is opened at a significantly discounted early bird rate until 28 February.

2019-01-10

ON THE MOVE

Peter CLARKE named VP & COO of FAIRFAX

FAIRFAX Financial Holdings Limited announced that Peter CLARKE has been appointed Vice President (VP) and Chief Operating Officer (COO) of FAIRFAX, reporting to FAIRFAX President, Paul RIVETT.

12.02.2019

ERGO Group appoints a Polish manager

Adam ROMAN, board member of Ergo Hestia (Poland), will hold the position of Head of Global P&C of the ERGO group, effective 1 March. His tasks will include supervision over property insurance of the group in the areas of underwriting, actuarial and pricing, as well as reinsurance.

07.02.2019

TOP EVENT

Inclusive Insurance - a creative solution to narrow the protection gap in the emerging markets of the Southeastern Europe

Insurance should be accessible to all social classes, regardless of their wealth & income status. Products offered today are conventional insurance products, largely inspired from the developed markets as "one-size-fits-all" solutions, affordable to only middle- and high-income clients in the Eastern Europe's emerging & developing markets. Inclusive insurance's goal is making insurance available to all, with responsible insurance offers, thus making up for a solution to narrow the insurance coverage gap in the region.

14.02.2019

Latest trends and challenges in the property and motor insurance lines under scrutiny, in Vienna

Property and motor insurance lines are providing for about 75% of the non-life insurance business in the CEE region, but are responsible for over 77% of the claims expenses. As such, although other classes of risks are emerging, for the time being and most probably for a rather long period ahead, property and motor insurance lines will continue to be at the heart of CEE's insurance market architecture.

14.02.2019

FIAR 2019: Register before 28 February and save EUR 400 of the attendance fee

To the satisfaction of its traditional guests, FIAR returns in 2019 to its historical hometown, Sinaia. The forthcoming edition will benefit from the comfort and professional facilities of a new venue, the Conference Center of the International Hotel ****, located in the heart of the beautiful mountain resort. Registration is opened at a significantly discounted early bird rate until 28 February.

10.01.2019

See all