why should you enter the insurance day london …/media/... · u pr and marketing exposure master...

Entry deadline: 1 September 2018Celebrating excellence 22nd November 2018, The Royal Lancaster, London.

WHY SHOULD YOU ENTER THE

INSURANCE DAY LONDON MARKET AWARDS?

Sponsored by


The Insurance Day London Market Awards are a flagship awards programme that recognises and rewards excellence in our community.

Why enter? u Stand out from your competitors

Credibility sells – winning this prestigious accolade is marketing that money can’t buy

u PR and marketing exposure Master your sector – our awards cover activities across the whole insurance sector

u Reward staff Raise your profile – putting together an entry brings together teams, and lets you analyse the steps you took in meeting your challenges

u Endorsement from our powerful judging panel You don’t have to be big – you just have to be the best!

Entry in the Insurance Day London Markets Awards is free.You have done the hard work, now all you need to do is tell our independent panel of expert judges.

INTRODUCTION


The Insurance Day Awards prides itself on its judging panel, comprised of independent, senior industry experts each chosen for their knowledge, objectivity and credibility.

Becoming a finalist is an achievement in itself as the entries are judged by a community of influential judges, making the London Market Awards a true accolade of distinction.

Judging takes place throughout September. The finalists are announced in October. Details of the winners will be revealed on the night but further details of all the finalists will be published in Insurance Day in the weeks leading up to the ceremony on 22 November 2018.

Insurance Day is the essential information, analysis and knowledge source for everyone in the international re/insurance community. We provide the latest news, analysis and market data, helping you react to market developments as and when they happen.

Standing at the centre of the London Market, Insurance Day is the source of industry knowledge. Providing business critical information on a timely basis, keeping clients informed in an increasingly competitive and complex market.

Winning a prestigious Insurance Day London Market Award will help your organisation instil trust, raise your profile by sending a positive message to your existing customers and attract new business.

Entries are now open for 2018 – simply visit www.eventsforce.net/informabi/13/register

Judging Panel

Dominic ChristianCEO of Aon UK Ltd and Executive Chairman of Aon Benfield International. He is a member of the Global Executive of Aon.

Peter J Staddon Managing Director, Managing General Agents’ Association

Jeremy Pinchin Group Claim Director, Hiscox Re

David Gittings CEO, Lloyd’s Market Association

David Croom-JohnsonManaging director, AEGIS London

Barbara MerryInsurance industry non-executive director and former chief executive at CNA Hardy

JUDGING PROCESS

INSURANCE DAY


ADVISER OF THE YEAR

The role of the professional adviser is becoming ever more central to the London market and its participants. 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: u Relevance − to what extent does the service

and advice help insurers and clients u Expertise − including evidence of how that

expertise has helped clients and the industry u Success − details of notable achievements

BROKING TEAM OF THE YEARSponsored by

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: u Profitability − Improvement in revenue

growth, cost control and profit − how can this be demonstrated?

u Growth − Development of existing and new business measured by fees and commissions − what types of new business have been developed and how does that fit with the grander corporate plan?

u Innovation − New products and service − can you demonstrate that you have truly broken new ground?

u Service − To both clients and carriers − can you show that you are really a customer-oriented team?

THIS CATEGORY IS NOT OPEN TO COMPANIES BUT RATHER TEAMS OF INDIVIDUALS WORKING WITHIN COMPANIES IN THE LONDON MARKET.

THE CATEGORIES


CLAIMS TEAM OF THE YEAR

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:

u Transparency and service to the client; u Speed of payment; u Elimination of expense costs; u Innovation in the claims paying process.

THIS AWARD IS OPEN TO CLAIMS TEAMS WORKING IN THE LONDON MARKET.

SCOR DIVERSITY & TALENT MANAGEMENT INITIATIVE OF THE YEARSponsored by

Talent and diversity have become key issues for the London market as it seeks to maintain its competitive position on the global stage.

This award recognises the organisation that has demonstrated a real commitment, creativity and innovation in harnessing the best talent.

The award can be for an individual initiative − such as in relation to diversity or apprenticeships − or a wider programme of work.

Judges will be looking for evidence of the benefits or outcomes of the initiative or programme.

Insurers, re/insurers, industry associations or professional bodies can enter.

THE CATEGORIES


INSURANCE INITIATIVE OF THE YEAR

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: u Open to any player in the insurance industry

including insurers, brokers, loss adjusters; u Entries should demonstrate the creation

of a genuinely new and customer-focused way of conducting business, whether it be a completely new product, or service; or a marked improvement to an age-old practice;

u The judges will be looking for evidence of how this initiative is innovative, both in terms of the solution as well as in its use within the business;

u The winner will be able to show how this initiative redefined the business process, improved the practice and strengthened the overall operations of the organisation.

INSURTECH INITIATIVE OF THE YEARSponsored by

Insurtech is reshaping the insurance industry, introducing new and disruptive distribution models, and bringing new ways to improve operational efficiency. The London re/insurance market is not immune to these developments. Many companies are looking for ways to harness the opportunities that insurtech offers.

This award recognises the insurtech initiative that, in the view of the judges, will have the greatest impact on the London market.

Entries from early stage and more developed initiatives will be accepted. The judges will be looking for an initiative that is innovative and which can clearly demonstrate how it will improve existing business practices.

THE CATEGORIES


MGA INITIATIVE OF THE YEAR AWARDSponsored by

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: u Excellent underwriting performance u Outstanding service to carriers, brokers and

policyholders u The ability to provide new income streams

to capacity providers that they could not otherwise access

u If a service, the business benefits to the MGA market

RISING STAR OF THE YEAR AWARD

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:

u Excellent understanding of the underwriting or broking process

u Enthusiasm for the London market u Outstanding service to clients u The ability to solve complex problems u A flare for innovation u Leadership skills and the ability to work as a

team player

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 CATEGORIES


TECHNOLOGY INITIATIVE OF THE YEARSponsored by

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: u Innovation − Describe this initiative, both

in terms of the solution as well as its use within the business

u Process − Describe how this initiative redefined the business process, improved the process and strengthened the overall operations of the organisation

u Business Value − Describe the specific results, ROI and business value of the initiative including cost savings, speed to the market, improved services levels, increased revenue and profit that are directly attributed to this initiative

u Industry Impact − Describe how this initiative has impacted the organisation’s industry standing relative to technology, innovation and leadership

THIS AWARD IS OPEN TO COMPANIES, INDIVIDUALS OR TEAMS FROM WITHIN THE LONDON MARKET.

TRANSACTION OF THE YEAR

This award will go to the team or company responsible for the most impressive transaction of the year in the eyes of the judges.

The transaction can involve the transfer of risk or a corporate transaction such as a merger or acquisition.

The winner will stand out by: u Showing innovation through a particular

transaction, deal or partnership; or u Demonstrating why the deal was one that

really made the market sit up and take notice.

Examples could include utilisation of capital markets, an acquisition or a capital-raising initiative.

THE CATEGORIES


UNDERWRITING TEAM OF THE YEAR

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: u Profitability − Improvement in underwriting

profit, combined ratio, operating profit − how can this be demonstrated and what drove the success?

u Innovation − New and ground-breaking products and service − what innovation has been managed and why was it worth the effort? Does it have an industry-wide application?

u Service − Have you enhanced your reputation and actually delivered?

CHARLES TAYLOR’S NEWSMAKER OF THE YEARSponsored by

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 2018?

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!

THE CATEGORIES


INDUSTRY ACHIEVER OF THE YEAR AWARD

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: u Made a big difference for the good of the

sector as a whole; u Sacrificed hours and effort to make it work

without immediate or even personal reward; u •hown a real commitment to the long-term

health of the industry to maintain and further its wider and positive role in the economy and society.

THIS AWARD IS ONLY OPEN TO INDIVIDUALS.

LIFETIME ACHIEVEMENT AWARD

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.

u The winner will have demonstrated a career-long commitment to improving the running of the London Market that goes beyond to day-to-day fulfilment of their responsibilities

u Crucially judges are looking for entries and nominations detailing the work not just of the market’s big names, but also those that have worked tirelessly behind the scenes for their careers and whose commitment − perhaps not always appreciated − deserves recognition

u The award will encompass all facets of the London markets eclectic range of functions from broking and underwriting, through regulation, legislation, claims handling, IT and consulting.

THE CATEGORIES


We welcome entries from companies or individuals operating in the London Market. Where appropriate, entries in more than one category are encouraged however we suggest the entry is tailored to meet the individual criteria. Individual companies can enter themselves.

Nominations may also come from other companies or individuals who feel a particular company or person should be considered.

THERE IS NO CHARGE TO ENTER – simply visit www.eventsforce.net/informabi/13/register

WHO CAN ENTER?

How to enter

1/ Select your category

2/ Complete the online entry form at insurancedayawards.com explaining in 750 words or less, why you or your company should be considered a winner this year.

3/ Provide a 50-word summary of your entry.

The rules

u All entries must be written in English. u Limit your entry to 750 words. u All entries must be submitted via our online

entry system. u All entries must be accompanied by a 50-

word synopsis of the entry as you would like it to appear on all publicity material (this is in addition to the 750 word entry).

u All entries must be based on activities undertaken from January 2017 to August 2018.

u Do not provide any supporting documentation, all information should be included within your 750-word entry

u Plan ahead to ensure it arrives in plenty of time so that, should it be incomplete, there will still be time to correct and re-submit it before the closing date.

u All entries will be treated as confidential although Insurance Day reserves the right to publish positive extracts from winning entries.

Nominations

Nominations may also come from third parties (individuals or companies) who feel a particular company or person should be considered for an award. In this instance, please provide contact details (email, telephone, name and company name) for the relevant company or individual and Insurance Day will endeavour to contact them to submit an entry. Please note Insurance Day cannot be held responsible for any nominated company that does not supply an entry once contacted.

Confidentiality

Informa, organiser of the Insurance Day Awards, recognises and respects the sensitive nature of the information submitted in the entries. We ensure that this recognition is shared by our Judging Panel. Entries are not disclosed or discussed outside the judging process. Once an entry is shortlisted, extracts from the entry summary only will be sourced for inclusion in the Awards ceremony and any subsequent editorial coverage. Please ensure your entry summary contains no confidential or sensitive information. The Judging Panel for each Award is selected to avoid any conflict of interest.


FAQSQ. How do I enter?A. It’s very simple. Ensure you have read the entry guidelines and category criteria. Decide which category/ categories you wish to enter, prepare your entry off-line. Once you are ready click ‘Enter Now’ which takes you through the entry stages; follow the on-screen instructions and submit your entry by clicking ‘Enter’.

Q. How much does it cost to enter? A. Entering into the Insurance Day London Market Awards is free of charge.

Q. When is the entry deadline? A. Entries are being accepted up until the 1 September 2018.

Q. I am not sure which category our entry would fit into? A. If you are not sure which category your entry fits into please contact Natalia Kay on [email protected] for further assistance.

Q. Can I enter the same submission into more than one category? A. We encourage entries in more than one category per individual or company, where appropriate; please ensure to review the category criteria and tailor your entry accordingly.

Q. I am a sponsor of the awards am I still able to enter? A. Yes, you can enter the awards and we would encourage this. However, you are unable to enter the category you are sponsoring. But don’t worry there are plenty of other categories.

Q. How will I know whether my submission has been received? A. All submissions will be acknowledged by an automated email once you have submitted your entry. Our awards team will also get in touch with you again shortly before the entry deadline. If you have any concerns please contact Natalia Kay, [email protected]

Q. How do the judges select the winners? A. Once entries have been received and finalists selected they will be distributed to the judging panel. The judges will convene to discuss the finalists and will use the published criteria to individually evaluate each entry. The judging panel comprises independent, senior industry experts, chosen for their knowledge, objectivity and credibility. Judges discuss all categories relevant to their specialist knowledge, expertise and experience, ensuring a considered, educated response to your submission. The chair of the judging panel reserves the right to cast any deciding vote, should the need arise. The judges’ decision is final.

Q. How will I know if my submission has been successful? A. Following the judging all companies and individuals will be notified by email. Finalists will be announced on our website insurancedayawards.com and in the Insurance Day news bulletin. You will then be sent a finalist pack giving ideas and tips on how to publicise your success.

Q. What do I get if I win? A. The Insurance Day London Market Awards are highly regarded within the insurance industry, winning an award marks you out as a leader in your field. In addition to your trophy and a certificate of recognition, you will receive a winner’s pack which includes your awards winner logo, photos and ideas on how to publicise your success. You will also receive exposure and recognition through Insurance Day.

Q. How can I ensure I’m at the ceremony for the networking? A. It’s essential to book your place at the event. Please contact Jefferson Emesibe on +44(0)20 7017 4061 or email: [email protected] for information.

Q. Are there other ways I can get involved in the awards? A. Yes, there are many sponsorship opportunities available. Please contact Jefferson to find out which ones best suit you on +44(0)20 7017 4061 or email: [email protected].

Check out our top tips for entry1. Do check your entry meets the criteria

You’d be surprised how many entries get rejected due to ‘technical slip’. Our eagle-eyed judges will check the criteria. You should too.

2. Do stick to the word limit No-one wants to wade through an overblown entry full of frothy platitudes on why your entry is the bestest ever. Stick to the word limit.

3. Do enter more than one category There is no limit to the number of categories you can enter. A single project, deal or technology solution could work for a number of categories.

4. Do set free your inner journalist Reporters at media school have the ‘What, Where, When, and How’ drummed into them from day one. What is the entry about? Where did it take place? When did it happen? How did it come about? You can add one more: Why is it significant? Include facts and figures to back up your statements where possible.

5. Do hit the deadline Get your entry in early so if we want more information we have time to go back to you.


We would like to thank our sponsors for their continued support.

OUR SPONSORS

ACORD (Association for Cooperative Operations Research and Development) is the global standards-setting body for the insurance and related financial services industries. ACORD facilitates fast, accurate data exchange, and efficient workflows through the development of electronic standards, standardized forms, and tools to support their use. ACORD members worldwide include hundreds of insurance and reinsurance companies, agents and brokers, software providers, financial services organizations and industry associations. ACORD maintains offices in New York and London. Learn more at www.acord.org.

For nearly 50 years, ACORD has been an industry leader in identifying ways to help its members make improvements across the insurance value chain. Implementing ACORD Standards improves data quality and flow, increase efficiency, and realize significant savings to the global insurance industry.

Currently, ACORD engages more than 4,000 participating organizations spanning 20 countries, including insurance and reinsurance companies, agents and brokers, software providers, financial services organizations and industry associations. With the tools and resources provided by ACORD, these participants are equipped to deal with the current business environment while influencing and shaping the future of the industry.

Advent is a specialty insurance and reinsurance underwriting business and is a wholly owned subsidiary of Fairfax Financial Holdings Limited.

Advent underwrites via Syndicate 780 and is one of the longest established businesses in Lloyd’s, providing best in class service and solutions to our clients. We offer market leading expertise in A&H, Marine, Specie, Property, Terrorism, Energy and Bespoke Products as well as Casualty and Property Reinsurance .

Syndicate 780 was founded by Brian Caudle in 1974. Under Brian’s leadership, the syndicate consistently outperformed the wider Lloyd’s market. Brian took the position of Chairman of Advent and Director of Underwriting in 2002. Brian passed away on January 1st, 2016.

We are proud to sponsor The Broking Team of the Year award in memory of Brian, who in 2012, was awarded Insurance Day’s Lifetime Achievement Award at the Worldwide Reinsurance Awards, recognizing his 60 years of service to the industry.

www.adventgroup.co.uk

Charles Taylor (www.ctplc.com) provides professional services to make the business of insurance work fundamentally better. We have been providing insurance-related professional services since 1884 and today we employ over 2,000 permanent and contract staff in 76 offices spread across 29 countries in the UK, the Americas, Asia Pacific, Europe, the Middle East and Africa.

The Group operates through three core Professional Services businesses – Management Services, Adjusting Services and Insurance Support Services. We also own international life insurers, creating value by undertaking targeted acquisitions and achieving operational efficiencies.

Our breadth of services, our technical skills and resources and our global presence means we can manage and resolve virtually any insurance-related matter, wherever and whenever it occurs.


We would like to thank our sponsors for their continued support.

OUR SPONSORS

EC3 Legal is the law firm synonymous with the MGA market and our experience is in helping MGAs with all their legal needs. Our knowledge is deep seated; we are the appointed legal adviser to the Managing General Agents’ Association (MGAA) and support their board in all matters legal and regulatory. With the London Market as our heartland, which in turn is at the heart of the international market, our 200+ clients comprise policyholders, captives, cedants, insurers, Lloyd’s agencies, MGAs, brokers, intermediaries and industry trade bodies who recognise us as the “go to firm”. EC3 Legal now acts for over 80 MGAs, and has dealt with many formations and M&A transactions relating to MGAs. To expand our offering to our clients Paul Wordley leads our new international coverage and disputes resolution practice and Sara Ager offers the market commercial insight with her team at EC3 Consultants. With an enviable pool of legal knowledge, we have a reputation for being approachable, straightforward and always commercially minded.

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.

For more information: www.scor.com


The London Market Awards offer the perfect environment for organisations to increase their profile within the London Market

Attendees will benefit from networking with some of the most successful insurers in the London Market – through sponsorship – we provide an ideal platform for your organisation to increase its profile within the market.

Reasons why you should sponsor:

1/ Meet senior decision makers from the leading organisations

2/ Gain access to the London market pre, during and post event

3/ Benefit from high profile branding, pre, during and post event

4/ Create new business opportunities

5/ Gain valuable coverage within Insurance Day

6/ Educate this influential audience about your products and services

7/ Entertain clients at the Awards ceremony, bearing your brand

WHY SPONSOR?

For all sponsorship queries and table bookings:

Jefferson Emesibe Sponsorship Manager

[email protected] +44 (0)20 7017 4061

Why not host a table for 10 at the Insurance Day London Market Awards dinner on 22 November?

You and your guests will be welcomed to the glamorous Royal Lancaster London for a networking reception before moving through to the ballroom and a three-course dinner.

After the dinner, join in the excitement as the awards are given from the main stage followed by networking drinks.

Table ratesPremium rate £4,950Standard rate £3,950Please note each table seats 10All tables include drinks reception, three course meal and awards ceremony. Premium tables also include an advert in the guest list and table branding. Wine for your table should be ordered separately.

For more information please contact:Jefferson Emesibe Sponsorship Manager

[email protected] +44 (0)20 7017 4061

HOST A TABLE AT THE AWARDS CEREMONY

For all entry queries and general enquiries:

Natalia Kay Events Manager

[email protected]

For all sponsorship queries and table bookings:

Jefferson Emesibe Sponsorship Manager

[email protected] +44 (0)20 7017 4061

insurancedayawards.com

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