25 February 2022

InsuranceERM UK & Europe 2022 awards: winners revealed

By Ronan McCaughey

The prestigious winners of InsuranceERM’s UK & Europe 2022 awards have been unveiled.

Phoenix Group won the risk team of the year for three successful and measurable achievements, including its integration of the newly acquired ReAssure business and  harmonisation of the Standard Life and Phoenix Life internal models.

Aylin Somersan Coqui won the chief risk officer of the year accolade for being an inspirational leader, team builder and cross-functional guru at Allianz. The award also recognises her wider contribution to the insurance industry.  

Renaud Guidée. chief risk officer of Axa Group, and chair of the Net-Zero Insurance Alliance, was the deserved recipient of the judges’ award for contribution to the industry, for his leadership on climate change risk.

The environmental, social and governance initiative of the year, a new award category, went to PCS, a Verisk business, for the way it is engaging and helping clients deal with the carbon consequences of catastrophe events. 

Moody’s Analytics clinched the treble in this year’s awards: winning economic scenario generator software of the year; regulatory reporting software of the year; and Solvency II solution of the year.

Crowe deserves a special mention too, winning the risk consultancy title for the third consecutive year. 

WTW’s achievements were also recognised by InsuranceERM’s expert judging panel. The company scooped climate risk management solution of the year and reserving solution of the year. It was also highly commended in the catastrophe risk modelling solution of the year category.

InsuranceERM's deputy editor and commercial editor, Ronan McCaughey, thanked the judging panel for their time and their expertise in choosing the winners, as well as everyone who submitted entries.

McCaughey said: “The InsuranceERM awards have become the Oscars of the insurance risk sector, so to win or be highly commended is great achievement because they are judged by a panel of independent insurance, risk and actuarial experts.

“In this post-Covid world, the standard of entries for this year’s awards shows the outlook for the insurance sector is bright because there are many exciting innovations happening, particularly in the ESG, risk modelling and cyber space.”

McCaughey also paid tribute to the individual winners of this year’s awards and the great teams who support them.

InsuranceERM thanks Arthur, a specialist insurance and financial markets recruitment consultancy, for sponsoring this year's awards.

The 2022 winners and highly commended are below:

Teams

Companies

Individuals

 

Technology

How the awards were judged

Judges reviewed the submitted entry material and then voted in a secret ballot. The votes were counted and verified by InsuranceERM's team.

The panel of judges are senior risk, insurance and actuarial industry experts from Europe and the UK, each chosen for their knowledge and objectivity.

The judges' decision is final and neither InsuranceERM nor the judging panel will enter into any correspondence regarding individual entries and/or the award winners.

IERM 22 EMEA Awards winners

Channels:
Risk managementRisk ModelsCat riskCorporate strategyRegulationSolvency IIInvestment risk - strategyPensionsUKRest of EuropeSoftware - ITIFRS 17Climate change and sustainabilityCovid-19 
Companies:
Phoenix GroupNational House Building CouncilAonRMSPCSLCPOneFamilyConningCroweMazarsYuLifeAllianzDomestic & GeneralAxaScorMoody's AnalyticsWTWLegerityDecision FocusKovrrCyberCubeHymans RobertsonReask 
People:
Aylin Somersan CoquiTom HughesRenaud GuidéeIvan Herboch