Celent announces winners of its Model Insurer Asia Awards

Celent will help qualify your requirements and introduce you to the vendor
Spotted a missing vendor? Use this form to alert a vendor to the Celent service
Create a vendor selection project & run comparison reports
Register to access this feature
Click to express your interest in this report
Indication of coverage against your requirements
Vendor requires PRO subscription to activate this feature
Requires research subscription, contact Celent for more info
22 May 2017
Singapore

Celent announced the winners of its Model Insurer Asia Awards at the Fullerton Hotel on May 23 as part of its Innovation and Insight Asia event. Every year, Celent recognizes the effective use of technology by insurers through their implementation of IT programs that epitomize best practices for technology projects in five categories across multiple business functions.

Seventeen financial institutions were recognized in all, with Tokio Marine & Nichido Fire Insurance winning Model Insurer of the Year for its outstanding application of multiple best practices, an initiative presented under the Digital and Omnichannel category.

Below is a full list of winners by category:

Model Insurer of the Year

·Tokio Marine & Nichido Fire Insurance (also honored in Digital and Omnichannel Technologies)

Data Analytics

·AXA Hong Kong (HK, China)

·Reliance General Insurance (India

Digital and Omnichannel Technologies

·Aviva Ltd (Singapore)

·ICICI LOMBARD GENERAL (India)

·Max Life Insurance (India)

·PT Prudential Life Assurance (Indonesia)

·Apollo Munich Health Insurance (India)

·Liberty Videocon General Insurance (India)

·HDFC Standard Life Insurance (India)

·Ping An Property & Casualty Insurance (China)

Innovation and Emerging Technologies

·Ageas Insurance (Phillippines)

·MetLife Innovation Centre (Singapore)

Legacy and Ecosystem Transformation

·AXA Tianping P&C Insurance (China)

·ICICI LOMBARD GENERAL INSURANCE (India)

·Aegon Life (India)

Operational Excellence

·Reliance Nippon Life Insurance (India)

“The quality of the submissions this year is a clear indicator that our industry is turning a corner when it comes to embracing transformation, digital initiatives, and the value of data analytics,” said Dr. Neil Katkov, Senior Vice President of Celent’s Asian Financial Services Practice. “The winning projects offer practical examples of how insurers can be successful when undertaking projects in these areas.”

News article details

Sector
Insurance
Media Type
Press Releases
Location
Asia-Pacific