Companies across the region – including small and big players, local firms and MNCs – received top honours at the Awards, which were held to recognise and salute excellence in the industry.
MetLife was the winner of the Life Insurance Company of the Year, while AXA Gulf came in as the General Insurance Company of the Year and Aetna International was saluted as the Health Insurer of the Year.
The Reinsurer of the Year award went to Arig, while Hannover ReTakaful clinched the Retakaful Company of the Year award. In the brokerage categories, UIB was named the Reinsurance Broker of the Year while Aon Middle East came in as Broker of the Year. Clyde & Co was awarded Law Firm of the Year, while Milliman Middle East won the Service Provider of the Year award.
Home-grown players were not to be outdone, with awards going to Bahrain Institute of Banking and Finance (Educational Service Provider), National Health Insurance Company - Daman (Innovation) and Qatar Islamic Insurance Co (Family and General Takaful Companies).
On the individual side, Mr Fareed Lutfi, Secretary General of the Emirates Insurance Association, was feted as the Personality of the Year.
“As these are the inaugural awards, the winners bear a greater responsibility,” said Mr Sivam Subramaniam, Editor-in-Chief of Middle East Insurance Review, organiser of the Awards. “They have to stand tall and make an impact on the industry to do justice to the work of the judges and to fly the flag of the Awards.
“We dared to dream. And the industry delivered. Congratulations to all winners and may you make your mark on the history of the MENA insurance industry.”
The judging process and results were audited by independent auditor EY. The judging panel comprised 25 domestic, regional and international leaders in the insurance industry. There were some 200 entries in these first Awards.
The first-ever MIIA, organised by Middle East Insurance Review, was co-branded with the Dubai International Financial Centre and the results were announced at a gala dinner on 17 November in conjunction with the MENA Rendezvous in Dubai.
The winners this year are:
Life Insurance Company of the Year: MetLife
General Insurance Company of the Year: AXA Gulf
Health Insurer of the Year: Aetna International
Educational Service Provider the Year: Bahrain Institute of Banking & Finance (BIBF)
Law Firm of the Year: Clyde & Co
Service Provider of the Year: Milliman Middle East
Reinsurer of the Year: Arig
Broker of the Year: Aon Middle East
Reinsurance Broker of the Year: UIB (DIFC) Ltd
Innovation of the Year: National Health Insurance Co - Daman
Family Takaful Company of the Year: Qatar Islamic Insurance Co
General Takaful Company of the Year: Qatar Islamic Insurance Co
Retakaful Company of the Year: Hannover ReTakaful
Personality of the Year: Mr Fareed Lutfi
The Judging Panel comprised:
Abdul Khaliq R Khalil, Secretary General, General Arab Insurance Federation (GAIF)
Dr Bassel Hindawi, former Insurance Commissioner, Insurance Commission of Jordan
Fahad Al-Hesni, Chief Executive Officer, Saudi Reinsurance Company
Fareed Lutfi, Secretary General, Emirates Insurance Association
Fateh Bekdache, General Manager, AROPE Insurance s.a.l.
Hammam M Badr, Secretary General, Federation of Afro-Asian Insurers & Reinsurers (FAIR)
Jason Light, Chief Executive Officer, Emirates Insurance Company (PSC)
Mahomed Akoob, Managing Director, Hannover Re Takaful
Mark Cooper, Director, Insurance, Reinsurance & Captives, Dubai International Financial Centre Authority
Dr Michael Bitzer, Chief Executive Officer, National Health Insurance Company – Daman
Robin Kevin Ali, Consultant, Health Funding Department, Dubai Health Authority
Steve Dixon, Managing Director, MENA, ACE Group
Walid Genadry, Head of the Insurance Control Commission, Ministry of Economy and Trade, Lebanon
Walid A Sidani, Chief Executive Officer, Abu Dhabi National Insurance Company
Yassir Albaharna, Chief Executive Officer, Arab Insurance Group
Younis Al Sayed, Chairman, Bahrain Insurance Association
Ashok Kumar Roy, Chairman-cum-Managing Director, General Insurance Corporation of India
Christian Kraut, Chief Executive, Middle East and Africa Munich Re
Geoff Riddell, Regional Chairman, Asia-Pacific, Middle East & Africa, Zurich Insurance Group
Dr Kai-Uwe Schanz, Special Advisor, The Geneva Association
Michael J Morrissey, President & Chief Executive Officer, International Insurance Society
Patrick Liedtke, Managing Director & Head of Financial Institutions Group – EMEA, BlackRock
Dr Peter F Hugger, Chief Executive Officer, Echo Reinsurance Limited
Dr Roger Sellek, Chief Executive Officer, A M Best - EMEA & Asia Pacific
Dr Sandy Scott, Director General, Chartered Insurance Institute.