People Awards
Please describe the individual's role and responsibilities and how the nominee is excelling in their work, with reference to examples of leadership, strategy, action and results.
Please describe the make-up and responsibility of the team within the organisation. Describe the team's aims and objectives and the challenges they had to overcome during the year. Please also include details of how the team met its targets and drove value back to the company.
- CRO of the year * New for 2024
This award will be presented to the CRO who has made an outstanding contribution to the risk function, demonstrates how they are an effective business partner, has influenced thinking across the sector and is also helping the organisation to innovate and adapt.
- Lifetime achievement award * Judge's award but nominations welcome
This award is for senior risk and actuarial professionals who can demonstrate a lengthy track record of leadership, innovation, impact and success in the re/insurance markets.
- Young risk & actuarial professional of the year * New for 2024
This award is open to any risk or actuarial professional, under the age of 40, who has shown outstanding leadership and achievements in their field over past 18 months, and is adding significant value to their business.
Companies and Teams
- Actuarial consultancy of the year * New for 2024
This award is for consultancies that have a proven record of successfully helping re/insurance clients with actuarial projects and innovations.
- Bermuda based consultancy of the year * New for 2024
This award is for consultancies that have a proven record of successful projects in the Bermudian re/insurance market.
- Bermuda based re/insurer of the year * New for 2024
This award will recognise the Bermuda-based re/insurer that demonstrates that risk management is fully integrated into their business – and has delivered measurable benefits over the last 18 months. This award will also go to the Bermuda-based re/insurer that can demonstrate a positive culture, initiatives that have supported their staff and ensured a healthy working environment that promotes diversity and inclusion.
- Insurance asset manager of the year
This award seeks to recognise an asset manager for not only excellent returns, but also for creating tailored offerings to meet the special needs of the insurance industry.
- Reinsurer of the year - based on their approach to risk and capital management
This award will recognise the re/insurer that demonstrates that risk management is fully integrated into their business – and has delivered measurable benefits over the last 18 months. This award will also go to the re/insurer that can demonstrate a positive culture, initiatives that have supported their staff and ensured a healthy working environment that promotes diversity and inclusion.
- Risk consultancy of the year * New for 2024
This award is for consultancies that have a proven record of implementing successful enterprise risk management projects at re/insurers.
- Risk innovation of the year
We are looking for game-changing ideas and programmes that are reshaping the risk, compliance and actuarial functions at the re/insurance business.
- Risk team of the year
This award recognises the team that is raising the risk and capital function's profile, has delivered measurable business performance and created a sound risk culture. It will also recognise a team that created a positive and dynamic work culture.
Initiatives, innovations and deals
- Insurtech innovation of the year
This award celebrates an insurtech team based in the Americas and Bermuda that is driving measurable innovation and business improvements for the re/insurance market.
- Climate risk initiative of the year
This award is aimed at re/insurers, solutions providers and consultancies that can demonstrate a notable initiative in the field of climate risk management. This can include climate risk transfer deals, climate risk modelling, climate risk management frameworks, etc.
- Best use of artificial intelligence in risk management * New for 2024
This award is open to re/insurers, solutions providers and consultancies. The winning entry will explain how artificial intelligence (AI), or one its many branches, such as machine learning, is being used in insurance risk management to measurably improve activities such as risk selection, data segmentation, risk modelling and fraud detection, as well as lead to quicker decision making and better customer engagement.
- Diversity and inclusion excellence * New for 2024
This award will recognise successful processes in place that are supporting diversity and inclusion in the workplace. It is open to all firms participating in the insurance market. Entrants should explain the difference and impact achieved from their initiatives.
- Pension risk transfer innovation of the year * New for 2024
This award is open to re/insurers, service providers and consultancies. It recognises a company that has innovated in meeting the needs of pension schemes, excelled in serving the needs of pension scheme members and helped to grow the pension risk transfer market.
- Re/insurance deal of the year * New for 2024
This award acknowledges risk transfer and M&A deals involving re/insurers that are notable in terms of innovation and/or size.
Software solutions
The ability for technology to assist with strategic decision-making and provide insights that result in better risk-adjusted performance as well as meeting regulatory requirements is what every re/insurer would like. This award seeks to acknowledge those providers who are helping the industry achieve their goals. Each submission should explain how the technology provider has demonstrated excellence in the particular category. Ease and speed of implementation, flexibility, robustness, scalability, transparency, technical support and cost are all elements that will be considered when deciding the winners. Case studies from the past 12-18 months should provide background to specific customer problems and explain why their solution was awarded the business. Evidence of success in implementation and meeting the client expectations should be included. Supplying client references (names, email addresses and phone numbers) will be looked upon favourably.
- Actuarial modelling solution of the year
Solutions that help re/insurers with all kinds of actuarial modelling tasks.
- ALM solution of the year * New for 2024
Solutions that help re/insurers with asset-liability management tasks, including economic scenario generators.
- Analytics solution of the year
Solutions that help re/insurers manage and present analysis of risk and financial data, with the aim of improving business decision-making or reporting.
- Catastrophe risk modelling solution of the year
Solutions that help re/insurers underwrite natural and man-made catastrophes, manage portfolios and understand aggregation risks.
- Cyber solution of the year
Solutions that help re/insurers underwrite cyber-related risks, manage portfolios and understand aggregation risks.
- Data solution of the year
Solutions that help re/insurers with data management tasks
- LDTI solution of the year
Solutions that help re/insurers comply with the Long-Duration Targeted Improvements accounting rules.
- Operational risk solution of the year * New for 2024
Solutions that help re/insurers with operational risk management, including third-party risks and operational resilience.
- Regulatory reporting software of the year
Solutions that help re/insurers with regulatory reporting demands.
- Stress scenarios software of the year
Solutions that help insurers with stress and scenario testing activities