entry guide 2017 - maritime intelligence · 2017-06-19 · entry guide 2017 entry deadline: 1...

London Market Awards | 2017

Entry Guide 2017Entry deadline: 1 September 2017Celebrating excellence 23rd November 2017 Hilton London Bankside

Sponsored by

IntroductionInsurance Day is an essential information, analysis & knowledge source for everyone in the international insurance community.

Providing the latest news, analysis and market data, Insurance Day helps you react to market developments, as and when they happen.

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

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Recognising successWe are proud to lead the way in recognising and rewarding successes in Insurance through our Insurance Day London Market Awards.

Why enter?• Be the best of the best - Insurance Day London Market

Awards are the standard of success in insurance• Credibility sells - Winning this prestigious accolade is

marketing that money can’t buy• Master your sector - Our awards cover activities across

the whole insurance sector• 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 the independent panel of experts on this year’s judging panel.

Categories

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Broking Team of the Year

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:• Profitability − Improvement in revenue growth, cost control and profit − how can this be demonstrated?• 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?• Innovation − New products and service − can you demonstrate that you have truly broken new ground?• 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 Insurance Day London Market Awards recognise excellence across the range of activities within the insurance industry.Here is the list of categories: Adviser of the Year

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:• Relevance − to what extent does the service and

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

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

Entry deadline: 1 September 2017 Enter today at: insurancedayawards.com/enter-now

Company of the Year

THIS AWARD IS DESIGNED TO RECOGNISE CORPORATE ACHIEVEMENT OVER THE LAST 18 MONTHS.

It is open to London market companies and other undertakings involved in the insurance chain − insurer, reinsurer or intermediary.

This award seeks to reward companies that have truly made a mark during the period, primarily in the eyes of investors, policyholders and staff.

THE CRITERIA ARE AS FOLLOWS:• Profitability − Can a significant change in profits,

particularly against analyst or investor expectations, be clearly demonstrated?

• Growth − How has the company performed in its revenue generation and new business levels against expectations?

• Investor returns − What has been delivered to investors over the period? If the company has a different structure (partnership, mutual etc.) how are returns measured and how has the operation matched up?

• Market position − How has this changed in terms of leadership and new markets?

THE ENTRANTS FOR THIS AWARD MUST BE LONDON MARKET OPERATIONS.

Claims Team of the YearSponsored by

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:• Transparency and service to the client;• Speed of payment;• Elimination of expense costs;• 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 year AwardSponsored 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.

NIIT Insurance Initiative of the Year Award Sponsored by

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:• Open to any player in the insurance industry including

(insurers, brokers, loss adjusters);• 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;

• 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;

• 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.


MGA Initiative of the yearSponsored 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: • Excellent underwriting performance• Outstanding service to carriers, brokers and

policyholders• The ability to provide new income streams to capacity

providers that they could not otherwise access• If a service, the business benefits to the MGA market

Reinsurance Broker of the Year

FOR GENERATING CREATIVE SOLUTIONS AND ADDED VALUE IN THE RISK FINANCING PROCESS.

Brokers are the oil lubricating the piston of the global reinsurance community, but their role has extended far beyond the traditional deal-making responsibilities. The skills tool-kit for a broker now ranges across a panoply of activities and successful individuals and companies must prove themselves masters of each. And while it remains a tough environment in which to operate as a broker, it has proven a laboratory for innovation.

THE CRITERIA ARE AS FOLLOWS:The winner of this category will show clear evidence of• Demonstrating value-added or market-making activity

to the re/insurance industry• Responding imaginatively and creatively to clients• Setting quality standards in information provision,

reliability and speed of service• Brokers may enter more than one team



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:• Excellent understanding of the underwriting or broking

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

playerThis 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 2017.

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:• Innovation − Describe this initiative, both in terms of

the solution as well as its use within the business• Process − Describe how this initiative redefined

the business process, improved the process and strengthened the overall operations of the organisation

• 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

• 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 YearSponsored by

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:• Showing innovation through a particular transaction,

deal or partnership;• 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.

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:• Profitability − Improvement in underwriting profit,

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

• 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?

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

THIS CATEGORY IS ONLY OPEN TO TEAMS OF INDIVIDUALS WHO WORK WITHIN AN UNDERWRITING OPERATION IN THE LONDON MARKET


Charles Taylor Newsmaker of the Year AwardSponsored 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 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!

Lifetime Achievement Award

Winner to be announced at the awards ceremony 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.

• 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

• 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

• 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.

How do the judges select the winners?

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

Judging will take place throughout September, and the finalists will be announced in October. Details of the winners are strictly embargoed until the night but further details of all the finalists will be published in Insurance Day in the weeks leading up to the ceremony on 23 November 2017.

The chair of the Judging Panel reserves the right to cast any deciding vote, should the need arise. The judges’ decision is final and neither the organisers nor the Judging Panel will enter into any correspondence about the results.



Will you be called on stage as a winner this year?

Who can enterInsurance Day welcomes entries from companies or individuals operating in the London Market. Where appropriate, entries in more than one category are encouraged however we suggest their 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

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

system.• 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).

• All entries must be based on activities undertaken from January 2016 to August 2017.

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

• 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.

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

NominationsNominations 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.

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Have any questions?Natalia Kay | Tel: +44 (20) 7017 5173 | Email: [email protected]


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How to nominate the lifetime achievement awardFor this special award, candidates must be nominated by a third party. The winner will be announced at the awards ceremony and no finalists will be announced. The nomination should outline in no more than 750 words what the nominee has accomplished during his or her career and say why they are worthy of this Award.

All nominations must include:• he name of the nominee• The job title of the nominee (if applicable)• The company name (if applicable)• Your contact details• The contact details of the nominee• A précis of up to 750 words of why you think your

nominee is worthy of receiving the Award

ConfidentialityInforma, organizer of the Insurance Day Awards, recognizes 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 Friday 1st September 2017.

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 hasbeen 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 inthe 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: Jefferson. [email protected].


For all sponsorship queries and table bookings:Jefferson Emesibe Sponsorship [email protected] +44 (0)20 7017 4061

insurancedayawards.com

For all entry queries and general enquiries:Natalia Kay Events [email protected]

Sponsored by

entry guide 2017 - maritime intelligence · 2017-06-19 · entry guide 2017 entry deadline: 1...

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