Asia Captive Review Awards 2018 | Pageant Media Ltd | 1 June 2018 | Hotel Le Meridien, 2, Jalan Stesen Sentral, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

The first Asia Captive Review Awards will recognise and reward those providers of captive insurance products and services, who have outperformed their competitors and demonstrated the highest levels of excellence over the past 12 months.

Categories:

Actuarial Firm:
Open to all actuarial firms or internal divisions serving the Asian captive market. The award looks at firms who demonstrate excellent service, meeting clients’ needs and satisfaction. Judges will be looking for companies whose customers hold in high regard their loss reserving, risk modelling, business planning, forecasting and the development of early warning systems. Specific contributions to professional organisations and specific mention of participation in discussions with regulators to support (or resist) regulatory developments will also be considered.

This category will be judged by one of our Captive Owner Panels.

Captive Manager of the Year:
This award is open to all captive management firms who currently manage business for Asian parent companies. Awarding excellence in all areas of captive management we are looking for evidence of business growth by revenue and client numbers, service offering, and above all client satisfaction. Judges will look for applicants to demonstrate their diverse product offering and solution based services, advanced use of technology, accessibility for clients and initiatives developed or implemented during the judging period. Client testimonials are encouraged.

This category will be judged by one of our Captive Owner Panels.

Captive Owner Initiative:
Open to any Asian-owned captive that has implemented a new programme, or structure in the past 18 months. Submissions must clearly demonstrate why the captive’s initiative is innovative, ground-breaking and/or creating significant value. Captive owners are able to nominate themselves, while managers or other service providers are also welcome to nominate clients. Alternatively, a manager and owner can make a joint submission. The award, however, will go to the captive owner.

This category will be judged by our of our Captive Industry Panel.

Captive Professional:
This professional will have excelled in his or her field during the 12 month judging period. Their work will demonstrate innovation, forward thinking and a strong commitment to the Asian captive insurance industry. The individual may nominate themselves or be nominated by their organization or peer.

This category will be judged by our Captive Industry Panel.

Captive Risk Manager of the Year:
Open to all risk managers at Asian captive owning organisations, this award will recognise an individual who has promoted the captive internally to colleagues and put in place programmes that have, or will, create greater value to their employer. Judges will be looking for examples of innovation, commitment to captive utilisation and an ability to place the captive at the heart of a joined up risk management strategy.

This category will be judged by our Captive Industry Panel.

Captive Tax Specialist:
Open to all tax attorneys or tax advisory firms servicing Asian-owned captives and their parents. The judges will look for excellence in technical tax advice, tax reviews and compliance and a deep understanding of the captive landscape and unique tax challenges it faces. Use of software products and capabilities will also be considered by our judges.

This category will be judged by one of our Captive Owner Panels.

Collateral Service Provider:
This award is open to collateral providers offering Letter of Credit and Trust products. The focus is on customer care, client relations, tailoring services to the client’s needs and accessibility. Judges will look for the breadth of service offering and the efficiencies and benefits the client has achieved by working with the applicant. Evidence of business growth and increase of market share is also an important factor for our judges to understand. Client testimonials are encouraged for this category.

This category will be judged by one of our Captive Owner Panels.

Employee Benefits Specialist:
This consultant can come from the actuarial, broker, pooling, fronting or legal side of Asia's employee benefits ecosystem. They should demonstrate a clear specialism in the area of employee benefits and an ability to work with clients in either the design and implementation of a captive-backed employee benefits programmes and/or the ongoing management and servicing of an employee benefits programme. Detailed examples of projects completed during the judging period and client testimonials are encouraged.

This category will be judged by one of our Captive Owner Panels.

Investment Management:
Open to asset managers and investment advisors. This award will be presented to the firm that best exhibits unrivalled customer care and innovation. A clear understanding of clients’ specific and unique requirements should be communicated, while new and/or unique products will be looked upon favourably. Client testimonials are encouraged for this category.

This category will be judged by one of our Captive Owner Panels.

New Captive Formation:
Open to any Asian owned captive formation in the past 18 months. Submissions should explain the rationale and need for the captive and the benefits it is projected to bring to the parent. Captive owners are able to nominate themselves, while managers or other service providers are also welcome to nominate clients. Alternatively, a manager and owner can make a joint submission. The award, however, will go to the captive owner.

This category will be judged by our Captive Industry Panel.

Law Firm:
Open to any law firm serving Asian captive owners. The award recognises contributions to the captive market through legal expertise and innovation, strategic vision and business winning client care. Specific contributions such as participation in discussions with regulators to support (or resist) regulatory developments should be cited in your submission. The judges will also be keen to see case studies and/or client testimonials.

This category will be judged by one of our Captive Owner Panels.

Outstanding Contribution by an Individual:
The winner of this special award will be presented to an individual who has made extraordinary contribution to the success and growth of the Asian captive industry through their illustrious career. The individual may nominate themselves or be nominated by their organization or peer.

This category will be judged by our Captive Industry Panel.

(Re)Insurance Company:
Open to all insurance and reinsurance companies by providing services to Asian-owned captives. The judges will be looking for entrants to display a wide range of services and functions available to their clients, as well as an appetite for problem solving. Alternatively, submissions can focus on one core strength or innovation that sets them apart from their peers. Case studies and/or client testimonials are encouraged.

This category will be judged by one of our Captive Owner Panels.

Rising Star:
This category will recognise a younger professional (under 35 years old) working in the Asian captive industry, either for an insured that owns a captive or for a service provider. The individual will have made a strong impression within their own company or impressed in their work and interaction with clients. The winner will have demonstrated a passion for captive insurance and ambition to make a lasting impact on the alternative risk industry.

This category will be judged by one of our Captive Owner Panels.

Captive Consultant:
This category is open to any firm offering captive consultancy services to captive owners and prospective owners. Judges will be looking for examples and case studies of effective consultancy work such as captive re-structuring, programme design, feasibility studies and efficiency drives.

This category will be judged by one of our Captive Owner Panels.

Asian Domicile:
This category is open to Asian captive domiciles. Judges are looking for evidence of the highest standards of regulation, accessibility, insured care and efficiency. Innovation in regulatory acts passed during the official judging period, the number of new formations and growth in premium written, will also be considered. Domiciles that have an active association and local infrastructure that is committed to promoting captive business will also be rewarded.

This category will be judged by all judges - from both the Captive Owner and Captive Industry Panel.

Non-Asian Domicile:
This category is open to all domiciles, outside of Asia, that currently serve Asian owned captives. Judges are looking for evidence of the highest standards of regulation, accessibility, insured care and efficiency. Innovation in regulatory acts passed during the official judging period, the number of new formations and growth in premium written, will also be considered. Domiciles that demonstrate an active commitment to the region and developing captive business in Asia will be rewarded.

This category will be judged by all judges - from both the Captive Owner and Captive Industry Panel.

Captive Innovation Award:
This award is open to all service providers and will recognize those firms that have a proven track record of bringing new ideas, working practices and products to the captive insurance industry. Submissions will demonstrate how innovation has been executed in practice during the 12-month judging period. Case studies and testimonials are encouraged.

This category will be judged by one of our Captive Owner Panels.

Accounting Firm:
Open to all accounting firms serving Asian parented captives. Judges will pay particular attention to examples of efficiencies in areas such as GAAP, stat. auditing & tax reporting. They will also look for firms that can show a clear understanding of their client’s specific and unique requirement.

This category will be judged by one of our Captive Owner Panels.