AIA, PAK Programs and Swiss Re Recognized for Excellence in Insurance Innovation

The International Insurance Society (IIS) and Insurance Thought Leadership (ITL) announced the winners of the first-ever Global Innovation Awards at the 56^th installment of the Global Insurance Forum on Nov. 6, 2023, at the Hilton Singapore Orchard. The awards recognize companies that have shown exceptional achievement in driving innovation and fostering sustainability within the insurance and risk management industry.

Life/Health/Retirement Innovator of the Year: AIA

AIA earns the Life/Health/Retirement Innovator of the Year award for their submission "Technology, Digital and Analytics Programme: Unlocking Innovation to Help People Live Healthier, Longer and Better Lives." By using cloud and AI, AIA has revolutionized its business, making customer interactions faster, more efficient, and personalized.

Property/Casualty Innovator of the Year: PAK Programs

The Property/Casualty Innovator of the Year award goes to PAK Programs for their submission "Addressing CAT Risks with Drones and 360-Degree Cameras." PAK Programs has developed an innovative approach to tackling wildfire losses in the winery business. Leveraging cutting-edge technology, their program provides a comprehensive assessment of insured businesses, identifying major risks across buildings, vineyards, processing facilities, irrigation, tasting rooms, and more.

Insurtech Predict & Prevent Innovator of the Year: Swiss Re

The Insurtech Predict & Prevent Innovator of the Year award, determined by audience vote during the Insurtech Lightning Round session, goes to Swiss Re for their submission "Risk Data & Services: Empowering Risk Control and Enhancing Resilience." The platform provides essential tools and models for assessing, quantifying, and prioritizing risks. Swiss Re's innovative approach enables businesses to make informed decisions about sharing risk insights, thereby enhancing data confidentiality.

The Global Innovation Awards are part of the IIS Honors recognition program. Visit the recognition page to learn more about individuals and companies who have made outstanding contributions to the insurance industry.