This pillar recognizes insurance providers who have gone beyond the requirements of the regulations and have taken to heart the needs of all stakeholders, including their staff, customers, shareholders, and the community in general.
Available Categories for 2018 are:
This award aims to identify one winner and up to two runners-up who demonstrate best practices in delivering professional education and training to their sales and support staff in the following areas:
Ethics and business conscience are becoming more mainstream considerations for customers when they choose their product providers. This is especially the case for Millennials, who feel responsible for the well-being of this planet.
Good corporate citizenship goes beyond donations or volunteering. It looks at the intangible value that the company creates by addressing key environmental issues, human capital issues, and corporate governance issues while making an impact through effective strategies for implementing corporate philanthropic endeavors.
The Architecture of Compliance – what are the top-down principles and the definition of Compliance, and how is risk culture infused into the entire organization?
The Organization – who are the stakeholders in compliance and what is the role of the Chief Compliance Officer? What are his/her key dimensions, roles, and responsibilities; reporting line; and span of control?
Functions of Compliance – how is the structure set up for compliance to address the key issues of regulations, AML (especially with a higher focus on payment flows), Anti-Bribery and Corruption, Distribution and Selling Practices, Transparency of Contracts, Fraud Management, Data Security and Data Privacy, etc.? Please provide a case study, sample checkpoints, etc.
Technology – what is the current compliance technology architecture like, and how does technology help to predict misconduct, keep the firm in compliance, and provide management with a view of compliance health, facilitating the monitoring of metrics and trends?
Value – please explain why your risk and compliance structure, policy, and strategy directly benefit stakeholders.
Traditionally, women struggle with issues such as pay equality, climbing the leadership ladder, or simply trying to strike a decent balance between family and career. We are looking to award a company that treats women equally and makes it a priority to empower them in all parts of the business, including front-end, middle, and back-end office operations.
In fewer than 1,500 words, please tell the jurors the story (your story) that lies behind the driving of these initiatives:
Good people are assets, and their successful retention is half the battle. We are looking for a company that adopts best practices in recruiting, managing, and retaining the talent pool. Companies that care deeply for the health, safety, and wellness of their employees and have cultivated a healthy workplace should consider entering this category.
In fewer than 1,500 words, please explain to the judges why you should win this award based on the above criteria.