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IB Awards Chicago


Insurance Business, America's leading industry resource for the Insurance industry, is pleased to present the first annual Insurance Business Awards!


The Insurance Business Awards brings together industry leaders to celebrate excellence in the Insurance industry and is designed to recognize individuals, teams and companies for their outstanding achievements and contributions to the field.

 

Nomination closes on 5 September 2017


  • Open to all Regional Network/Alliance
  • Commitment to its agency members, clients and support to the insurance industry as a whole
  • Demonstrated evidence of value proposition to the member offices
  • Excellence in majority of the following member services: training and education, marketing, commission and profit share, access to more carriers and products, claims support, customer service support, access to niche and non-traditional markets, administrative support, recruitment of talent
  • Open to Networks and alliances with a membership of over 100
  • Commitment to its agency members, clients and support to the insurance industry as a whole
  • Demonstrated evidence of value proposition to the member offices
  • Excellence in majority of the following member services: training and education, marketing, commission and profit share, access to more carriers and products, claims support, customer service support, access to niche and non-traditional markets, administrative support, recruitment of talent
  • Open to risk teams from an insured
  • Demonstrated success in protecting the assets of their company; actively recommends and implements innovations to minimize costs and losses
  • Offersstrategic thinking to the risk management community as a whole
  • Examination of a project in 2016 that is exemplary of philanthropy
  • The organization has developed a creative, resourceful and inspired campaign, initiative or project that has grown and made a meaningful impact on local, national and/or international communities or causes
  • Project should demonstrate a commitment to philanthropy through financial support and the encouragement of others to take roles toward philanthropy 
  • The initiative could be an international, national or local project and should demonstrate a coherent and integrated approach

Award of excellence for the wholesale partner, specializing in a particular practice, who offers superb service to brokers, and is consistently proactive in educating brokers on products, while maintaining in-depth knowledge of its area through demonstrated product innovation in response to market expertise.

  • Maintains superior support service to brokers through its expertise in its specialty practice, including underwriting, claims support, premium pricing, carriers and products offered, and marketing support to assist brokers in growing their businesses and client base

 

Practice areas:

  • Aviation
  • Catastrophe
  • Commercial auto
  • Commercial property
  • Construction
  • Cyber
  • Environmental
  • Financial services
  • Healthcare/medical liability
  • Hospitality
  • Marine
  • Non-profits/social services
  • Energy, Oil & gas
  • Professional liability
  • Workers’ compensation

This award recognizes an organization that has diversity and inclusion at the heart of its business, and that provides employee programs for women,minority groups, persons with disabilities and LGBT individuals.

  • Each applicant must have an interesting initiative for diversity groups implemented within their organization
  • A clear narrative that demonstrates why the D&I strategy was implemented and how it is linked to broader business strategy
  • Evidence of the organization's success with regards to D&I

Award that recognizes an employer’s commitment to building a workplace that recognizes excellence and supports career growth for all.

  • Open to any organization in the insurance industry with fewer than 100 employees in the USA
  • Provides an environment for professional development, with challenging and meaningful opportunities, and flexible work options to help people develop their full potential
  • Finalists will be asked to provide an overview of their people philosophy, workplace culture, employee testimonials and other relevant reasons explaining they should win this award

Award that recognizes an employer’s commitment to building a workplace that recognizes excellence and supports career growth for all.

  • Open to any organization in the insurance industry with 100 employees or more in the USA
  • Provides an environment for professional development, with challenging and meaningful opportunities, and flexible work options to help people develop their full potential
  • Finalists will be asked to provide an overview of their people philosophy, workplace culture, employee testimonials and other relevant reasons explaining they should win this award

Award of excellence that recognizes an individual within the insurance industry for their achievements and outstanding contribution to the industry as a whole. 

We accept nominations in this category, with the editorial team at Insurance Business Magazine making final selections based on editorial research and industry feedback.

Award of excellence for a retail agency who derives more than 50% of its revenue from commercial and who offers superb service to clients, while maintaining in-depth knowledge of all product offerings.

  • Demonstrates growth through business development, client retention, growth of clients and minimized loss, while staying abreast of market changes and challenges that impact the insured

Award of excellence for a retail agency who derives more than 50% of its revenue from commercial and who offers superb service to clients, while maintaining in-depth knowledge of all product offerings.

 

  • Demonstrates growth through business development, client retention, growth of clients and minimized loss, while staying abreast of market changes and challenges that impact the insured

Award for women in the insurance industry whose astounding personal and professional achievements have earned them a place among the industry’s best.

 

Criteria:

  • Judges will review achievements including: 
    • Professional accomplishments in the last five years (business initiatives in which the nominee played a critical role, new business brought to the company, innovative ideas, etc.)
    • Leadership of professional associations
    • Other accomplishments (charitable work, accomplishments outside the industry, etc.)

Open to an individual who is 35 or younger as of September 1, 2017

 

Criteria:

  • Judges will review achievements including: 
    • Sales volume in 2016 (for producers)
    • Professional accomplishments (business initiatives in which the nominee played a critical role, new business brought to the company, innovative ideas, etc.
    • Distinctive new business development strategies, including unique ways of utilizing technology
    • Exceptional relationship management
  • If applicable, finalists will be asked to provide supporting evidence of the above

Criteria:

  • Demonstrated vision and leadership over several years, where the nominee’s insight, discernment and ability to lead and inspire has guided his or her organization to a new level of growth, achievement or recognition.
  • Corporate performance –positive financial results reflective of leadership
  • Social responsibility – use of leadership and skills to help the community overcome social issues
  • Innovative business achievements and use of technology

Description

This award acknowledges the contributions of a company with a proven track record of providing superior technology, user experience, service and assistance to insurance professionals and companies. 

 

Criteria:

  • Open to any company or individual that provides a digital service or solution to insurance professionals
  • Judges will consider value added to clients, overall client experience, depth of content, innovation, repeat and referral business strategy, and last but definitely not the least, demonstration of a sustained effort and commitment to the Insurance industry.
  • Displays a clear statement of how any initiative is aligned with the company or organizations’ strategic and business goals towards the betterment of community, social or environmental issues
  • Examples could include using resources and energy as efficiently as possible, promoting social inclusion, sustainable communities and/or well-being
  • Shows evidence of the delivery of policies in action
  • Judges will review achievements including:
    • Industry awards and recognition
    • Community involvement
    • Book of Business (net commissions) in 2016
    • # of clients in 2016

Award of excellence for thewholesale partner who offers superb service to brokers, and is consistently proactive in educating brokers on products, while maintaining in-depth knowledge of financial markets and the competitive landscape of all product offerings.

  • Maintains superior support service to brokers through underwriting, claims support, premium pricing, carriers and products offers, and marketing support to assist brokers in growing their businesses and client base