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Actuarial consultancy of the year: RNA Analytics
RNA Analytics has scooped actuarial consultancy of the year in recognition of its efforts in supporting the insurance industry's ongoing digital transformation, particularly in high-growth markets throughout Asia Pacific.
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Actuarial modelling solution of the year: WTW
WTW's RiskAgility Financial Modeller (RAFM) has been named actuarial modelling solution of the year in InsuranceERM's Asia Pacific Awards because of the way it meets the needs of the smallest and largest re/insurers worldwide.
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ALM solution of the year: WTW
WTW has secured InsuranceERM's Asia Pacific ALM Solution of the Year award for its RiskAgility Financial Modeller and is recognised for transforming how insurers manage asset-liability modelling (ALM).
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Catastrophe risk modelling solution of the year: Aon - Impact Forecasting
Impact Forecasting, Aon's catastrophe model development centre of excellence, wins catastrophe risk modelling solution of the year for its customisable models, real-time insights, and broad peril coverage.
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Climate risk initiative of the year: Meiji Yasuda Life Insurance Company
Meiji Yasuda has prioritised the preservation of the Earth as a goal for what it calls a universal and crucial issue for humanity. The company analyses climate-related risks both qualitatively and quantitatively with a focus on disclosure of information in line with international frameworks.
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Climate risk initiative of the year: Highly Commended, Tokio Marine Group
Tokio Marine Group operates on the principle of insurance being a force for good, providing security, safety and building resilience to contribute to the advancement of society and the people it serves. To that end, it has committed to bolstering the natural environment and curbing the impact of global warming.
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Risk team of the year: Singapore Life
Singapore Life's (Singlife's) numerous risk management milestones achieved in 2024, including cultivating a proactive risk culture and improvements to its business and operational resiliency, make it the deserved winner of our risk team of the year.
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Reporting software of the year: Highly Commended, WTW
WTW has earned InsuranceERM's highly commended recognition in the Asia Pacific awards for its IFRS 17 Enterprise Solution.
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Reporting software of the year: FIS
FIS wins the reporting software of the year title for its Insurance Risk and Accounting Suite for IFRS 17 tool, which includes comprehensive calculation, data management, process automation and accounting sub-ledger capabilities
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Stress scenarios software of the year: Moody's
Moody's addresses this issue with its advanced stress testing solutions, covering areas such as IFRS 17 and climate change scenarios, earning it recognition in InsuranceERM's inaugural Asia Pacific awards 2024.