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Insurance Asia Awards 2024 spotlights groundbreaking innovation in pioneering solutions
Winning companies were honoured at the Awards Dinner on 9 July 2024.
The Insurance Asia Awards, the most prestigious awards programme in the Asia Pacific region, recognised and celebrated insurance companies that have achieved outstanding milestones, set new benchmarks, and demonstrated remarkable innovation in the industry.
With emerging risks and evolving customer expectations, innovation is crucial for insurers to stay competitive and deliver exceptional value. By embracing new technologies and approaches, insurers can meet customer needs and unlock new opportunities for growth.
Celebrating exceptional insurers that kept pace in the competitive landscape, the Insurance Asia Awards marked its ninth year with a spectacular Awards Dinner held on 9 July 2024 at the Marina Bay Sands Expo and Convention Centre, Singapore.
This year's event highlighted the exceptional hard work, dedication, and creativity of companies that have risen to the challenges of the industry. It honoured the innovative spirit of the insurance sector, showcasing companies that have redefined traditional boundaries through groundbreaking initiatives and made a profound impact on their customers.
Recognised for his exceptional leadership in Peak Reinsurance Company Limited, Franz-Josef Hahn was named CEO of the Year at this year’s awards ceremony.
“I feel honoured to receive this award. Thank you very much to the judges for awarding me this. This award goes to the leader, but a leader without a team is nothing. A leader without the trust of his clients is nothing. So I want to thank my team for the continuous pressure they put on in order to get better and better, to relentlessly work, stay focussed, and stay entrepreneurial. I want to also thank all of our clients who have always been extending trust and their belief to us,” said Hahn.
The distinguished panel of judges for this year’s awards included: Anita (Sun-Young) Bong, EY Asia-Pacific Insurance Sector Leader; EY Korea Financial Services Consulting Leader, EY; Frank Dubois, Partner, Head of Insurance, KPMG Singapore; Steven Goh, Partner, Head of Insurance Audit, KPMG Singapore; Lim Siang Thnia, Insurance Sector Leader, Deloitte Southeast Asia; Anupam Sahay, Former Managing Director and Senior Partner; Head of the Asia-Pacific Insurance Practice, Boston Consulting Group (BCG); and Dr. Henrik Naujoks, Senior Partner, Head of the Asia-Pacific Financial Services Practice, Bain & Company.
These experts meticulously reviewed and evaluated the entries to ensure that the winners truly represent the pinnacle of excellence in the insurance industry.
Congratulations to all the winners for their exceptional achievements and contributions to the industry.
INSURANCE ASIA AWARDS 2024 WINNERS
Aflac Life Insurance Japan Ltd.
AI Initiative of the Year - Japan
Digital Transformation Initiative of the Year - Japan
AIA Bhd.
Technology Excellence Initiative of the Year Malaysia
Health Insurance Initiative of the Year - Malaysia
Mobile App of the Year - Malaysia
AI Initiative of the Year - Malaysia
AIA Group
Digital Insurance Initiative of the Year - Hong Kong
Digital Transformation Initiative of the Year - Hong Kong
Technology Excellence Initiative of the Year - Hong Kong
AIA Indonesia
Marketing Initiative of the Year - Indonesia
Mobile App of the Year - Indonesia
AIA Investment Management Pte Ltd (AIAIM)
Global Stewardship Funds of the Year - Singapore
Strategic Partnership of the Year - Singapore
AIA Myanmar Life Insurance Company Limited
Digital Insurance Initiative of the Year - Myanmar
Mobile App of the Year - Myanmar
AIA Singapore
Insurance Initiative of the Year - Singapore
International Life Insurer of the Year - Singapore
Digital Transformation Initiative of the Year - Singapore
AIA Thailand
International Life Insurer of the Year - Thailand
Aioi Nissay Dowa Insurance Co., Ltd.
Claims Initiative of the Year - Japan
Domestic General Insurer of the Year - Japan
Amana Takaful PLC
Mobile App of the Year - Sri Lanka
Aon
International Broker of the Year - Silver
APRIL International
Customer Service Initiative of the Year - Hong Kong
Managing General Agent of the Year - Hong Kong
AXA Hong Kong & Macau
AI Initiative of the Year - Hong Kong
Mobile App of the Year - Hong Kong
BNP Paribas Cardif Assurance Vie, Taiwan Branch
Digital Transformation Initiative of the Year - Taiwan
Insurance Initiative of the Year - Taiwan
BNP Paribas Cardif Assurances Risques Divers Japan
Insurance Inclusion Initiative of the Year - Japan
bolttech
AI Initiative of the Year - Singapore
Bupa Arabia
Customer Service Initiative of the Year - Saudi Arabia
Digital Transformation Initiative of the Year - Saudi Arabia
Insurance Initiative of the Year - Saudi Arabia
Cathay Life Insurance
ESG Initiative of the Year - Taiwan
Cebuana Lhuillier Insurance Brokers Inc.
Domestic Broker of the Year - Philippines
Chubb Life Insurance Hong Kong Limited
Marketing Initiative of the Year - Hong Kong
Chubb Life Insurance Myanmar Limited
Insurance Product Innovation of the Year - Myanmar
Chubb Life Insurance Taiwan Company
AI Initiative of the Year - Taiwan
Cocogen Insurance, Inc.
Domestic General Insurer of the Year - Philippines
New Insurance Product of the Year - Philippines
Continental Insurance Lanka Limited
Domestic General Insurer of the Year - Sri Lanka
Dai-ichi Life Insurance (Cambodia) PLC.
International Life Insurer of the Year - Cambodia
Dai-ichi Life Insurance Myanmar Ltd.
Editor’s Choice for Insurance Initiative of the Year - Myanmar
Delta Underwriting Pte. Ltd.
Managing General Agent of the Year - Singapore
Digit Insurance
AI Initiative of the Year - India
Health Insurance Initiative of the Year - India
discovermarket Asia Pte Ltd
Insurtech Start-up of the Year - Singapore
Insurance Initiative of the Year - Philippines
E.design Insurance Co., Ltd.
ESG Initiative of the Year - Japan
EFU Life
Domestic Life Insurer of the Year - Pakistan
Etiqa Insurance Pte Ltd
Travel Insurance Initiative of the Year - Singapore
Marketing Initiative of the Year - Singapore
Etiqa Life and General Assurance Philippines
Customer Service Initiative of the Year - Philippines
Insurtech Initiative of the Year - Philippines
Fast Cover Travel Insurance
Travel Insurance Initiative of the Year - Australia
Generali Hong Kong
New Insurance Product of the Year - Hong Kong
Social Media Initiative of the Year - Hong Kong
Generali Insurance Malaysia Berhad
International General Insurer of the Year - Malaysia
MSME Insurance Initiative of the Year - Malaysia
Generali Life Insurance Malaysia Berhad
Insurance Initiative of the Year - Malaysia
Grand Guardian Nippon Life Insurance Co., Ltd.
Customer Service Initiative of the Year - Myanmar
International Life Insurer of the Year - Myanmar
The Great Eastern Life Assurance Company Singapore
Education Insurance Initiative of the Year - Singapore
ESG Initiative of the Year - Singapore
Great Eastern Life Malaysia
Claims Initiative of the Year - Malaysia
Greenstone Financial Services
Marketing Initiative of the Year - Australia
Himalayan Everest Insurance
Domestic General Insurer of the Year - Nepal
Strategic Partnership of the Year - Nepal
HIVE by Income
Digital Insurance Initiative of the Year - Singapore
Hong Leong Assurance
Domestic Life Insurer of the Year - Malaysia
Howden Broking Group
International Broker of the Year - Gold
ICICI Lombard GIC Ltd.
Claims Initiative of the Year - India
Domestic General Insurer of the Year - India
Marketing Initiative of the Year - India
Igloo
Insurance Distribution Initiative of the Year - Indonesia
Mobile App of the Year - Vietnam
IndiaFirst Life Insurance
Digital Transformation Initiative of the Year - India
Initio Insurance
Claims Initiative of the Year - New Zealand
Underwriting Initiative of the Year - New Zealand
InsuranceDekho
Insurtech Start-up of the Year - India
KGI Life Insurance Co., Ltd.
Insurtech Initiative of the Year - Taiwan
Strategic Partnership of the Year - Taiwan
Krungthai-AXA Life Insurance PCL
Marketing Initiative of the Year - Thailand
Social Media Initiative of the Year - Thailand
Liberty General Insurance Berhad
Digital Transformation Initiative of the Year - Malaysia
Liberty Insurance Limited
International General Insurer of the Year - Vietnam
Lockton Companies (Hong Kong) Limited
Auto Insurance Initiative of the Year - Hong Kong
Magma HDI General Insurance Company
Insurance Initiative of the Year - India
Malayan Insurance
Travel Insurance Initiative of the Year - Philippines
Malaysian Reinsurance Berhad
Asian Reinsurer of the Year - Bronze
Manulife Vietnam
Digital Transformation Initiative of the Year - Vietnam
MB AGEAS Life Insurance Company Limited
Editor’s Choice for Marketing Initiative of the Year - Vietnam
MetLife Korea
Customer Service Initiative of the Year - Korea
MetLife Nepal
Digital Insurance Initiative of the Year - Nepal
Marketing Initiative of the Year - Nepal
Nan Shan General Insurance Company, Ltd.
Insurance Inclusion Initiative of the Year - Taiwan
Ocean Life Insurance Public Company Limited
Domestic Life Insurer of the Year - Thailand
OPES Insurance Joint Stock Company
Auto Insurance Initiative of the Year - Vietnam
Virtual Insurer of the Year - Vietnam
Peak Reinsurance Company Limited
Asian Reinsurer of the Year - Gold
Peak3
Insurtech Broker Initiative of the Year - Singapore
Insurtech Initiative of the Year - Singapore
PGA Sompo Insurance Corporation
Digital Insurance Initiative of the Year - Philippines
Strategic Partnership of the Year - Philippines
PNB MetLife India Insurance Co. Ltd.
Advisers Initiative of the Year - India
Insurance Inclusion Initiative of the Year - India
Policybazaar Insurance Brokers Pvt Ltd
Domestic Broker of the Year - India
Pru Life UK
Insurance Inclusion Initiative of the Year - Philippines
International Life Insurer of the Year - Philippines
Prudent Insurance Brokers Pvt. Ltd.
Customer Service Initiative of the Year - India
Prudential Assurance Malaysia Berhad
Insurance Inclusion Initiative of the Year - Malaysia
International Life Insurer of the Year - Malaysia
Prudential BSN Takaful Berhad
New Takaful Insurance Product of the Year - Malaysia
Strategic Partnership of the Year - Malaysia
Prudential Life Assurance (Thailand) Public Company Limited
Customer Service Initiative of the Year - Thailand
ESG Initiative of the Year - Thailand
New Insurance Product of the Year - Thailand
Prudential Vietnam Assurance Private Ltd.
Claims Initiative of the Year - Vietnam
ESG Initiative of the Year - Vietnam
International Life Insurer of the Year - Vietnam
PT BRI Asuransi Indonesia
Domestic General Insurer of the Year - Indonesia
MSME Insurance Initiative of the Year - Indonesia
PT FWD Insurance Indonesia
AI Initiative of the Year - Indonesia
Customer Service Initiative of the Year - Indonesia
PT Great Eastern Life Indonesia
Education Insurance Initiative of the Year - Indonesia
ESG Initiative of the Year - Indonesia
Health Insurance Initiative of the Year - Indonesia
PT. Jasa Raharja
Strategic Partnership of the Year - Indonesia
Qatar Insurance Company
Mobile App of the Year - Qatar
Qianhai Reinsurance Company Limited
Asian Reinsurer of the Year - Silver
Health Insurance Initiative of the Year - China
Qoala
Digital Transformation Initiative of the Year - Indonesia
Quick Sigorta
New Insurance Product of the Year - Turkey
SBI General Insurance Company Ltd
Technology Excellence Initiative of the Year - India
Singlife
Claims Initiative of the Year - Singapore
Customer Service Initiative of the Year - Singapore
Underwriting Initiative of the Year - Singapore
Solarelle Insurance Pvt Limited
Domestic General Insurer of the Year - Maldives
Sri Lanka Insurance Corporation Life Limited
Domestic Life Insurer of the Year - Sri Lanka
Sun Life Assurance Company of Canada Singapore Branch
Insurance Product Innovation of the Year - Singapore
New Insurance Product of the Year - Singapore
Sun Life Grepa Financial, Inc.
MSME Insurance Initiative of the Year - Philippines
Sun Life Malaysia
Education Insurance Initiative of the Year - Malaysia
ESG Initiative of the Year - Malaysia
Sun Life of Canada (Philippines) Inc.
Business Insurance Initiative of the Year - Philippines
Insurance Product Innovation of the Year - Philippines
Marketing Initiative of the Year - Philippines
Symbo India Insurance Broking Private Limited
Digital Insurance Initiative of the Year - India
Insurtech Broker Initiative of the Year - India
Taiping Reinsurance Company Limited
Health Insurance Initiative of the Year - Hong Kong
Taiwan Life Insurance Co., Ltd.
Customer Service Initiative of the Year - Taiwan
New Insurance Product of the Year - Taiwan
Takaful Brunei Am
Domestic General Insurer of the Year - Brunei Darussalam
Takaful Brunei Keluarga
Domestic Life Insurer of the Year - Brunei Darussalam
Thai Life Insurance Public Company Limited
Claims Initiative of the Year - Thailand
Underwriting Initiative of the Year - Thailand
The Insular Life Assurance Company, Ltd.
Domestic Life Insurer of the Year - Philippines
Digital Transformation Initiative of the Year - Philippines
United Coconut Planters Life Assurance Corporation (COCOLIFE)
Health Insurance Initiative of the Year - Philippines
Zurich General Insurance Malaysia Berhad
Travel Insurance Initiative of the Year - Malaysia
Zurich Life Insurance Malaysia Berhad
Customer Service Initiative of the Year - Malaysia
Marketing Initiative of the Year - Malaysia
Zurich Indonesia
Motor Vehicle Insurance Initiative of the Year - Indonesia
Franz-Josef Hanh, Peak Reinsurance Company Limited
CEO of the Year
The Insurance Asia Awards is presented by Insurance Asia Magazine. If you want to join the 2025 awards programme and be acclaimed for your company's significant impact on its customers with exceptional products, services, and solutions in the insurance industry, please contact Julie Anne Nuñez at [email protected].