The potential reputational risk to insurers who promote price more than adequate coverage and support services was addressed by QBE
’s Alistair Monk in his award-winning entry into the ICNZ & ANZI
IF Scholarship and has won him a significant boost to his future studies.
Monk, who is national marine business development underwriter at QBE
, was praised for his ‘outstanding’ and ‘sophisticated’ essay which has landed him a $10,000 international study scholarship.
The Insurance Council of New Zealand (ICNZ) and the Australian and New Zealand Institute of Insurance and Finance (ANZI
IF) award is an annual scholarship which aims to recognise outstanding insurance professionals who demonstrate the potential to become industry leaders.
ICNZ CEO Tim Grafton said: “The winning essay was outstanding, displaying a sophisticated understanding of the industry, the market in which it operates and its relationship with the consumer.
“We hope that through this scholarship Alistair will be able to further his engagement with the industry and gain knowledge that will enhance his career.”
IF CEO Prue Willsford
added: “Alistair is a deserving winner and this scholarship represents a great opportunity for him to gain valuable insights into the global insurance market and to connect with other high achieving insurance professionals.”
Monk, who is currently part way through his MBA, said he would use the prize to fund attending an event addressing insurance company profitability.
“I hope that this will enable me to deepen my understanding of the true drivers of profitability within a financial organisation and provide a solid backing for my university research,” he said.
Along with Tim Grafton and Prue Willsford
, the judges on the panel were Paul Munton, soon-to-be EGM broking branches, Rothbury
Insurance Brokers, Chris Curtin
, CEO, AA Insurance
and Martin Kreft
, NZ regional manager, Munich Re