Insurers win big at Bloomberg Businessweek Financial Institution Awards

Three insurers bring home multiple prizes from annual awards night

Insurers win big at Bloomberg Businessweek Financial Institution Awards

Insurance News

By Gabriel Olano

Several major Asian insurers hauled in prizes at the recently concluded Bloomberg Businessweek Financial Institution Awards. These include FWD Hong Kong with 11, FTLife with four, and MetLife Hong Kong with three.

FWD brought in six ‘Excellence’ awards and five ‘Outstanding’ awards, making it the most awarded insurer for the second consecutive year.

The One, FWD’s high-end medical solution, and its associate health management service PREMIER THE ONEcierge, claimed three Excellence awards in the medical care, health & protection, and high net worth insurance categories. Mind+, a critical illness protection plan that also covers mental health, won one Excellence award and two Outstanding awards. Its digital commerce platform iFWD received the InsurTech Company of the Year and Online Platform Excellence awards. The MaxFocus Signature policy gained one Outstanding award, while FWD bagged two Outstanding awards in the service innovation and claims management categories, for a total of 11 awards.

FTLife, a Hong Kong-based life insurer, won Excellence awards in the savings plan and integrated marketing categories, as well as Outstanding awards for the medical insurance plan and mobile usability categories.

Meanwhile, MetLife Hong Kong won three Outstanding awards in the health and protection, customer service, and digital innovation categories.

The annual Bloomberg Businessweek Financial Institution Awards, which were handed out on May 28 this year, are judged by a panel of industry experts, business leaders and academics, as well as the editorial board of the magazine. They review and evaluate entries based on market performance, growth and development, as well as business strategy in the past year.

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