Welcome to the International Captive of the Year Awards 2019
The inaugural International Captive of the Year Awards is the first event dedicated to captive owners and their forward thinking, innovative approach to insurance and risk management. Open to captive owners around the world, the Awards will recognise those captive insurance companies and parent companies who think outside the box and squeeze every bit of value out of their insurance subsidiary.
Entries are closing in
When entering the 2019 Awards, please read through the following criteria for your chosen category(ies), which explain what the judging panel will be looking for when they judge the entries and select the winners.
All entry forms should be submitted by the final deadline on Friday 26 April 2019, 5:00pm GMT.
The awards will be publicised internationally in the general and captive insurance media. All awards finalists will be honoured and the winners announced at the awards ceremony on Thursday 27 June, 2019 in London.
The Awards are FREE to enter, and you can enter as many categories as relevant to you and your business. The shortlist will be announced in May 2019.
Capital Management Initiative
This Award will recognise a captive insurance company that has generated added value through an innovative and forward thinking approach to management of the captive's capital. This could include the efficient posting of collateral, sound asset management strategy or the investment of capital in other areas - such as risk mitigation projects.
Independent Director of the Year
This Award will recognise a professional who sits on one or more captive boards as an independent director. Entries must be accompanied by testimonials from the captives (or captive’s parent) that they work with, and outline the value that they bring to the operation and oversight of the insurance subsidiary. Expert knowledge and insight into the role of the independent director and captive board will be evident in the submission.
Captive Owner Advocate
This Award will recognise an individual, employed by a captive owner or its captive, who goes above and beyond to advocate for, and represent, the wider captive owner market. Activities such as conference speaking, thought leadership sharing and contributions to associations and working groups addressing topical industry challenges, will be rewarded.
EB Implementation Project
Adding employee benefits insurance to a corporate captive can be a long and complex process, requiring the involvement and collaboriation of multiple departments and numerous consultants. This Award will recognise those firms that have brought in for the first time, or significantly expanded or enhanced their EB programme, in the last 18 months. The judges will be looking for value creation, key performance indicators and a reasoned approach to the process.
This Award will recognise a captive owner who has delivered new efficiencies in the way their captive is managed and operated. This could be through the implementation of new technology, a shift between outsourcing and insourcing activities, or the restructuring of insurance programmes.
New Risk Placement
This Award will recognise captive owners who have added a new, or emerging, risk to their captive in the past 18 months. Judges will be looking for an explanation of why the involvement of a captive was identified as the optimal solution and what analysis was done to quantify the risk.
New Tech Pioneer
New technology, from blockchain and cryptocurrencies to smarter day-to-day accounting programmes, is disrupting the commercial (re)insurance industry and providing opportunties to insureds to streamline their operations and find new efficiencies. This Award will recognise a captive that embraced the utilisation of such new technologies and put them into real practice, delivering tangible results.
Rationalisation & Justification Project
This Award will recognise an initiative taken, and efforts made, by the risk & insurance team to justify and rationalise the corporate captive(s) internally - either to continue in its current state, or to grow or resstructure into a more efficient vehicle. The rationalisation project must be complete, but implementation of findings could be at an early or incomplete stage.
This Award will recognise the successful structuring of a reinsurance programme including the insured's captive at some level. Entrants will articulate their primary objective and how/why they took the approach they did, demonstrating the value produced by the new programme.
This Award will recognise a risk & insurance professional, employed by a captive owner, who is 35 years old or younger at 28 February, 2018. The individual will have demonstrated a strong passion for, and understanding of, captive insurance, impressive career progression and an appetitive to take on and drive new projects that deliver value to the group and its insurance strategy.
This Award will recognise a 'self-managed' captive and the team that carries out the day-to-day operation of the subsidiary. The team may be employed by the captive itself, or the captive owner, and entrants will demonstrate why a self-managed approach is beneficial to the wider group.
Third Party Programme
Writing third party risk through a captive is becoming increasingly appealing to captive owners, whether simply to drive a profit, diversify the risk portfolio or add more substance to the insurance company. This Award will recognise the successful introduction, or enhancement, of a captive programme writing third party risk - whether for consumers, business partners or contractors.
Only business occurring within the judging period, November, 1 2017 – October 31, 2018, should be entered.
The judging process is rigorous and thorough to ensure that all entries receive full consideration and that the true winners are chosen.
Judges will take part in judging conference calls and online surveys to decide the winners, and provide comments and rationale for their choices. Judges’ comments on each winner will be published after they are announced.
Judges have discretionary power to move submissions into alternative categories they think more suitable. All judges are required to sign a disclaimer form to keep information about entries and the final winners confidential.
The judging panel:
The judges are carefully selected for their wealth of experience and expertise, as well as their absence of conflicts of interest.
PLEASE NOTE: Judges do not judge any categories that their company has been entered in and are obliged to declare they have no conflicts of interest prior to judging.
The International Captive of the Year Awards 2019, will take place Thursday 27 June 2019 in London.
19:30 Welcome drinks reception
20:30 Three course dinner
22:00 Awards ceremony
22:30 Post awards networking
23:30 Event close
Map and directions to venue
Drinks reception sponsor
TICKETS & SPONSORSHIP
HOW TO ATTEND THE AWARDS
Ticket prices for the 2019 Awards include a table at the ceremony, drinks reception and three-course dinner.
Sponsoring the International Captive of the Year Awards 2019
Sponsoring gives you a unique opportunity to:
Raise your company profile amongst the international captive insurance industry
Benefit from excellent networking with key decision-makers
Gain fantastic brand exposure across a variety of marketing media and Captive Review readers
Position your company as a key player in the captive insurance industry
To find out more about sponsoring the 2019 Awards or booking a table, please contact: