2024 Awards

ALMOND INSURANCE INDUSTRY AWARDS 2024

AWARDS CATEGORIES

1. Insurance CEO of the Year
2. General Insurance Company of the Year
3. Life Insurance Company of the Year
4. Insurance Broking Company of the Year
5. Insurance Woman of the Year
6. Insurance Broker of the Year
7. Micro Insurance Company of the Year
8. Takaful Insurance Company of the Year
9. Most valuable Insurance Customer of the Year
10. Insurance Life Achiever Award
11. Special Recognition Award

AWARDS CRITERIA

1. INSURANCE CEO OF THE YEAR

CRITERIA

1. Length of Service and Contributions to the Industry over the years (Minimum of 10 years)
2. Performance of the Company they Lead
3. The Extent to which they have contributed to the Company’s Performance
4. Innovations from the CEO’s Direct Efforts in his/her Company/Industry Progress
5. Strong Leadership Skill
6. Integrity and Ethical Conduct in Business

2. COMPANY OF THE YEAR, BOTH LIFE AND GENERAL

CRITERIA 

1. Financial Strength (Assets and Shareholders’ Fund)
2. Significant Impact on the Industry Overall Good in terms of Gross Premium Income (GPI) Generated
3. Capital Investment (Outside of the Industry)
4. Brand Improvement/Visibility
5. Delivery of Unique Specialised Products Relevant to the Nigerian Environment
6. Largest Claims Payment/Speed
7. Employment (Staff Strength)
8. Corporate Social Responsibility (CSR)
9. Customer Service Delivery Records of the Company.

3. INSURANCE BROKING COMPANY OF THE YEAR

CRITERIA

1. Financial Strength (Assets,/Corporate Structure)
2. Volume of Business Generated Annually (Sum total Corporate and Individual)
3. Employment (Staff Strength)
4. Brand Improvement/Visibility
5. Customer Service Delivery Records
6. Innovation and Technology Adoption in Distribution/Sales of Insurance Products by the Company

4. INSURANCE WOMAN OF THE YEAR

CRITERIA

1. Length of Service and Contribution to the Industry over the years (Minimum of 10 years)
2. Performance of the Company they Lead
3. The Extent to which they have contributed to the Company’s Performance
4. Innovations from the CEO’s Direct Efforts in her Company/Industry Progress
5. Strong Leadership Skill
6. Integrity and Ethical Conduct in Business over the Years
7. Level of Visibility (Popularity) in the Industry

5. INSURANCE BROKER OF THE YEAR

CRITERIA

1. Length of Service in the Broking Profession
2. Performance of the Company they Lead (Volume of Business)
3. The Extent to which they have contributed to the growth of their company and the Broking Profession.
4. Personal Impact in Retail Marketing and Sales of Insurance Products
5. Strong Leadership Skill
6. Level of Professionalism (Integrity and Ethical Behaviour in Business Conduct Generally in the industry over the years).

6. MICRO INSURANCE COMPANY OF THE YEAR

CRITERIA

1. Financial Strength
2. Uniqueness/Product Relevance to our Market
3. Volume of Business (GPI)
4. Brand Visibility
5. Speed of Claims Payment
6. Innovation/Technology Adoption in Products Distribution and Sales

7. TAKAFUL INSURANCE COMPANY OF THE YEAR

CRITERIA

1. Financial Strength
2. Number of Contributors
3. Uniqueness/Product Relevance to our Market
4. Volume of Business (GPI)
5. Brand Visibility
6. Innovation/Technology Adoption in Products Distribution and Sales

8. MOST VALUABLE INSURANCE CUSTOMER OF THE YEAR

CRITERIA

1. Volume of Business/Premium Paid Annually
2. Consistency/Promptness in Premium Payment
3. Level of Compliance to Enterprise Risk Management Internally
4. Volume of claims reported/settled annually.

9. INSURANCE LIFE ACHIEVERS AWARDS (INSURER/BROKER)

CRITERIA

1. Personal Accomplishments in the Industry (Not less than 10 years)
2. Excellence in Performance (Consistency through the years)
3. Contributions to the Insurance Industry either as an Insurer or Broker for a minimum of 10 years (Innovative Ideas/Policies that has Impacted the entire Industry)
4. Overall Leadership Qualities and the Esteem in which they are held by Peers/Colleagues in the Industry in General.