Nominations open for Insurance Award

Manama, Jan. 21 (BNA): The 13th Annual Middle East Insurance Forum (MEIF 2017) announced a call for nominations for the MEIF 2017 Awards. Held under the patronage of the Central Bank of Bahrain, for more than a decade MEIF has been the region’s foremost gathering of insurance industry leaders and platform for promoting industry exchange and advancement. MEIF 2017 is taking place this year on February 21 with more than 400 global and regional insurance and Takaful leaders and experts expected. MEIF’s 2017 “Best Insurance Company in the MENA Region”award has been devised to honour an institution for outstanding achievement and contributions to the regional insurance market in terms of innovation, service quality, product offering and/or those that have delivered strong financial performance and progress over the past year. Submissions are open to all insurance players servicing the GCC, MENA and Levant regions. "Each year, MEIF’s awards recognise regional insurers for their accomplishments and, in particular, for their success in innovating and helping to further raise the bar and support development across Middle East insurance markets," Executive Director of Financial Institutions Supervision at the Central Bank of Bahrain Abdul Rahman Al Baker said. "This award, which will be presented to the winner and in front of industry peers, is a significant honour and recognition of the vast efforts underway across the industry to strengthen efficiency, grow product offerings and, ultimately, help in the expansion of an industry with great promise and opportunity.” Key criteria to be covered in nominating materials are demonstrated sustainable growth in Premiums and Profitability, market share, sound business model and strategy, expansion of distribution channels, range and quality of products and services, product innovation, IT innovation and local and regional expansion of operations Nominations and submission materials should be sent to FinMark Communications by February 5. Submission will be evaluated by The MEIF Awards Committee and each nomination will be rated based on the supporting documentation presented. Shortlisted nominees will be informed in advance with the winner announced at the Awards Ceremony to be held on February 20 during MEIF 2017. AHN