CATEGORIES

  • Life Insurance Company of the year
  • General Insurance Company of the year
  • Insurance Broking Company of the year
  • Loss Adjusting Company of the yea
  • Micro/Takaful Insurance Company of the y
  • Insurance CEO/Personality of the year
  • Reinsurance CEO/Personality of the year
  • Reinsurance Company of the year
  • Trade Association of the year
  • Insurance Broker of the year
  • Insurance Life Achievers Award of the year
  • Insurance Brokers Life Achievers Award of the year

CRITERIA FOR AWARDS 2023 LIFE AND GENERAL INSURANCE COMPANIES THE YEAR

Here are the criteria for the 2023 Life and General Insurances of the Year Awards:

  • Financial Strength (Asset and Shareholders Fund),
  • Significant Impact on the Industry in terms of Gross Premium Income (GPI) Generated,
  • Capital Investment,
  • Brand Visibility and Improvement,
  • Delivery of Unique Specialised Products Relevant to the Nigerian Environment,
  • Claims Settlement Records,
  • Employment (Staff Strength),
  • Corporate Social Responsibility (CSR), and
  • Customer Service.

INSURANCE BROKER OF THE YEAR

Here are the criteria for the 2023 Insurance Brokers of the Year Award:
  • Length of Service and Contribution to the Industry over the years (Minimum of 10 years),
  • Performance of the Company they Managed,
  • The Extent to which they have Contributed to the Company’s Performance,
  • Innovations from the CEO’s Direct Efforts in his Company/Industry Progress,
  • Strong Leadership Skills, and
  • Integrity and Ethics.

MICRO/TAKAFUL INSURANCE COMPANY OF THE YEAR

Here are the criteria for the 2023 Micro/Takaful Insurance Company of the Year Award:
  • Financial Strength,
  • Products Uniqueness and Affordability,
  • Volume of Direct Sales,
  • Brand Visibility,
  • Claims Payment Records,
  • Products Simplicity and Relevance to the Nigerian Environment,
  • Customer Service Delivery, and
  • Innovation and Technology Adoption in Products Distribution and Sales.

LOSS ADJUSTING COMPANY OF THE YEAR

Here are the criteria for the 2023 Loss Adjusting Company of the Year Award:

  • Financial Strength and Corporate Structure (Office)
  • Visibility within the Market
  • Major Loss Management and Level of Professionalism Exhibite
  • Technology Deployment
  • Exceptional Service Delivery

INSURANCE CEO OF THE YEAR

Here are the criteria for the 2023 Insurance CEO of the Year Award:

  • Length of Service and Contribution to the Industry over the years (Minimum of 10 years),
  • Performance of the Company they Managed,
  • The Extent to which they have contributed to the Company’s Performance,
  • Innovations from the CEO’s Direct Efforts in his Company/Industry Progress,
  • Strong Leadership Skills, and
  • Integrity and Ethics.

REINSURANCE COMPANY OF THE YEAR

Here are the criteria for the 2023 Reinsurance Company of the Year Award:

  • Financial Strength
  • Brand Visibility
  • Largest Claims Payment/Speed of Response to Business Offers.
  • ESG: Sustainability Initiatives
  • Customer Care (the X factor)
  • Technology Deployment and Investment in Human Capacity Development

REINSURANCE CEO OF THE YEAR

AWARD CRITERIA

Here are the criteria for the 2023 Reinsurance CEO of the Year Award:

  • Length of Service and Contribution to the Industry over the years (Minimum of 10 years),
  • Performance of the Company they Managed,
  • The Extent to which they have contributed to the Company’s Performance,
  • Innovations from the CEO’s Direct Efforts in his Company/Industry Progress,
  • Strong Leadership Skills, and
  • Integrity and Ethics.

TRADE ASSOCIATION OF THE YEAR

Here are the criteria for the 2023 Trade Association of the Year Award:

  • Responsiveness to Members
  • Functionality of Secretariat
  • Accessibility to the Insuring Public
  • Effectiveness/Efficiency in Checking Erring Members (Must be Evident and Verifiable)

LIFE ACHIEVERS AWARDS

Here are the criteria for the 2023 Life Achievers of the Year Awards:

  • Personal Accomplishments in the Industry (Not less than 10 years)
  • Excellence in Performance (Consistency through the years)
  • Contributions to the Insurance Industry for a minimum of 10 years (Innovative Ideas or Policies that has Impacted the entire Industry)
  • Overall Leadership Qualities and the Esteem in which they are held by Peers/Colleaque.
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