Individuals

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.

Chief Risk Officer of the year

This award will be presented to the CRO who the judges deem to have made an outstanding contribution to the risk function within their organisation and where they can demonstrate that they are truly a business strategy partner. The winning entry should show exceptional achievement and professional excellence over the past 12-18 months and represent a high level of professional credibility and respect within the industry in general.

Chief actuary of the year

This award will be presented to the chief actuary who the judges deem to have made an outstanding contribution to the actuarial function within their organisation. The individual should have demonstrated exceptional achievement and professional excellence over the course of the past 12-18 months. The winning entry will represent a high level of professional credibility and respect within the industry in general.

Young risk professional of the year

This award is for the most promising and talented risk professional who is making waves in an industry undergoing rapid change. This award is open to any risk professional, under the age of 40, who is adding significant value to their business through their input.

Young actuarial professional of the year

This award is for the most promising and talented actuarial professional who is making waves in an industry undergoing rapid change. This award is open to any actuarial professional, under the age of 40, who is adding significant value to their business through their input.

Judges' award for contributions to the industry

This award will be presented to the individual who the judges deem to have made a notable change that benefits the industry due to their strategic vision and community engagement. This award is open to all stakeholders, regulators and politicians.

Teams

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. Explain how the team met its targets and drove value back to the company.

Risk team of the year

This award recognises the risk team that is raising the profile of the risk and capital function within their organisation and the wider insurance community. Of particular interest would be how they use the ORSA to monitor and manage information to deliver useful insights to the business, as well as how they have created a sound risk culture that is tangible and measurable and supports innovation.

Actuarial team of the year

This award recognises the actuarial team that is raising the profile of the actuarial functions within their organisation and the wider insurance community. Of particular interest would be how they have responded to regulatory and market changes and how they have contributed to business strategy and performance.

Modelling team of year

Information from the various models feeds into regulatory reporting, strategic planning and day-to-day decisions. This award will go to the team that can demonstrate how that information informs the firm's strategic thinking whilst understanding the strengths and weaknesses of the results.

Cat risk team of the year

This award recognises the cat risk team that is consistently one-step ahead at understanding the risk and vulnerability to their firm through their exposure to potential risks from natural and man-made disasters.

Longevity/mortality team of the year

This award seeks to recognise innovative research in the area of longevity and mortality. Of particular interest would be if this research has resulted in the firm developing new products or entering into hedging strategies.

ALM team of the year

This award will recognise the capital management team at re/insurers, considering several factors, including ALM, solvency capital ratio sensitivities and portfolio performance. Please supply details of the associated performance indicators and frameworks.

Companies

Please provide a brief summary of the business model and risk frameworks. How are your risks and capital aligned? What challenges have you had to overcome? What were your measurable outcomes?

Insurer of the year - based on their approach to risk and capital management

This award is will recognise the insurer that demonstrates that risk management is integrated with every part of their business. Processes, policies and systems, and any improvements made to the risk and capital management functions at the firm over the past 12-18 months should be included. We welcome submissions from insurers of all sizes across Europe and the UK. The judges will consider the company's relative size and scope of business.

Reinsurer of the year - based on their approach to risk and capital management

This award is will recognise the reinsurer that demonstrates that risk and capital management is integrated with every part of their business. Processes, policies and systems, and any improvements made to the risk and capital management functions at the firm over the past 12-18 months should be included. We welcome submissions from reinsurers of all sizes across Europe and the UK. The judges will consider the company's relative size and scope of business.

Risk innovation of the year by a re/insurer

We are looking for game-changing ideas and programmes that are reshaping the risk, compliance and actuarial functions at the re/insurance business. With the regulatory and market changes, insurers and reinsurers must constantly evolve or be left behind. This award recognises genuine innovations which address business needs and deliver tangible results.

Risk consultancy of the year

This award seeks to reward a consultancy which has implemented a successful enterprise risk management project at a re/insurer. Please supply details of the associated performance indicators, improved governance systems and frameworks.

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.

Risk culture initiative of the year

Good risk culture is where it is second nature to use a clear and robust risk process to think about opportunities and make decisions. The winner of this category should demonstrate innovative and effective approaches to engaging employees to identify, report and manage risk.

Diversity initiative of the year

This award is open to all industry stakeholders and seeks to recognise successful processes put in place to encourage and support diversity in the workplace.

Alternative capital deal-maker of the year (ILS / collateralised reinsurance)

This award is open to all funds, structurers and book-runners who demonstrates commitment to providing innovative investment and hedging solutions along with quality service for insurance firms

Longevity risk transfer deal of the year

This award is open to banks, reinsurers and insurers. It seeks to recognise the LRTs that were undertaken for genuine risk transfer and where it can be demonstrated that the management policies are sufficient to identify and manage the associated risks (such as concentration risk and counterparty default risk.)

Technology

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.

  • Best actuarial modelling solution
  • Best analytics solution
  • Best catastrophe risk modelling solution
  • Best data solution
  • Best end-user computing risk management solution
  • Best ERM end-to-end solution
  • Best ESG (Economic Scenario Generator) software
  • Best operational risk solution
  • Best regulatory reporting software
  • Best reserving solution
  • Best Solvency II solution
  • Best stress scenarios software
  • Best use of cloud technology