June 08, 2011

India Insurance Review and Celent, on the 7th of June, presented the India Insurance Awards, the very first of its kind, to the Indian insurance industry. Aptivaa was the Principal Partner at the occasion, the purpose of which was to felicitate pioneers in the insurance sector. The Awards boasted an esteemed jury, which consisted of Mr. S.L. Mohan (Secretary General, General Insurance Council), Mr. S.B. Mathur (Secretary General, Life Insurance Council) and Mr. Vepa Kamesam (MD, Institute of Insurance and Risk Management). The Awards were attended by Chairmen, CEOs and Managing Directors of prominent Indian insurance firms.
The India Insurance Review journal is published by SP Media Pvt. Ltd., which is a business information company that specializes in conferences and publishing, specifically in banking, financial services and insurance. Celent is a renowned research and consulting firm based out of Boston, which focuses on the application of information technology in the global financial services industry.

Among the awards presented to the Life Insurance sector, HDFC Standard Life Insurance Company Ltd. won the Best Product Innovation award for its product offering HDFC SL Crest and India First Life Insurance Company Ltd. won the Technology Leader award. ICICI Prudential Life Insurance was voted the Best Life Insurance Company of the year.

In the General Insurance sector, TATA AIG General Insurance Company won the Best Product Innovation Award, Reliance General Insurance Company won the Technology Leader Award and Bajaj Allianz General Insurance Company was voted the best General Insurance Company of the year.

Finally, in the Health Insurance segment, Max Bupa Health Insurance Company Ltd. won the Best Product Innovation Award, Apollo Munich Health Insurance Company won the Technology Leader Award and TATA AIG General Insurance Company was voted the Health Insurance Company of the year.

Mr. Alex Pieron, Senior Vice President, Celent, said, “These awards celebrate the best in the Indian Insurance industry and they should, going forward, become a rallying point for future organization efforts to achieve excellence in every aspect of the insurance business.”