Categories & Criteria

 

Open to all actuarial firms or internal divisions serving the European captive market. The award looks at firms who demonstrate excellent service, meet clients’ needs and show a dedication to improving customer 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.

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Open to all auditing and accounting businesses servicing European parented captives. Entrants will be judged on their ability to deliver efficiency in key areas, such as tax reporting and auditing. Judges will pay particular detail to the entrants’ understanding of their client’s specific requirements.

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This award is open to banks who offer captives collateral services through letters of credit and or trusts. The focus will be on the growth of collateral service, through number of clients and volume of lending portfolio. Judges will pay close attention to the increase in client numbers and the retention of clients, resulting in greater customer satisfaction.

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This category recognises the role of brokers when placing reinsurance for ART programs. Additionally their advisory work around risk transfer and the structured solutions of existing or new captive/ART structures. Examples which best demonstrate excellence in client support, uses of technology and trusted advisory services will be recognised particularly when identifying, quantifying and managing your clients’ risk exposure.

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This award is open to any of the multiple captive ‘partnerships’ that operate in order to support a Captive. This can be a mix of the captive and its services providers (or any combination of collaboration). Judges are looking for creative and innovative solutions delivered through truly collaborative approaches. Evidence cross-business planning, implementation and support together with collegiate thinking, deliver and implement an innovative alternative risk transfer structures will be factors for the judges to consider.

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Captive Review recognises the importance of compliance specialists and their role in ensuring the highest governance practices are applied. This category is open to organisations or divisions within who’s role in applying the many laws and regulations for complex insurance programs is their stable business. Examples of bringing cost and time efficiencies, simplified reporting statements and delivering unquestionable governance for their client will be considered favourably. Particular focus on the use of software and its application for multi-national/state programs, together with evidence of business growth, client satisfaction and expansion will be what the judges are looking at.

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Open to any captive consultant working with European-owned captives (individual or company). Entrants will be judged on their expertise at identifying risk management solutions for clients through sophisticated modelling and expert industry knowledge. Judges will also consider the levels of support providing to the client and client satisfaction.

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This award is to recognise a captive manager or risk manager who implemented a creative and innovation solution to problem with a captive solution. Judges will be looking for creativity and originality in the solution, with the winner demonstrating a new approach to captive management or formation.

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This award is open to all captive management companies. Entrants will be judged on their growth by revenue, client numbers, service offering and client satisfaction. Judges will consider the implementation of technology, accessibility for clients and initiatives developed.

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This award is open to all risk managers at captive-owning organisations. It will recognise individuals that have demonstrated innovation, forward-thinking and a dedication to advancing their own operation and the wider captive insurance market.

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This professional will have excelled in their field during the last 12 months. Judging will be based on examples of innovation and a strong commitment to the European captive insurance market. The individual may nominate themselves or be nominated by their organisation or peer.

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For the first time Captive Review recognises an outstanding environmental, social and governance (ESG) initiative implemented by an organisation within the captive insurance industry. Judges will be looking at the entirety of the ESG program and how it furthers ESG improvements in the industry. Captive solutions to problems arising from ESG will be considered highly.

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This category is open to Service Professionals & Captive Owners. It recognises a young professional working as a Risk Manager/within a risk management team operating a captive, or working on the provider side of captive insurance. The individual will have demonstrated a passion for captive insurance and the ambition to make a lasting impact.

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The specialist can come from any side of the employee benefits space. Entrants will be judged on their specialist knowledge of employee benefits, allowing them to provide bespoke programmes to captive owners. Customer satisfaction and retention will also be taken into account.

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Open to all European domiciles that are serving European owned captives. Judges are looking for evidence that the highest standards of regulation are implemented, alongside an established insurance framework. Innovation in regulatory acts passed during the judging period and new formations will be considered.

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Open to all insurance companies providing either domestic, international or multi-line fronting services to European captives. Judges will look for a nuanced approach to their client’s needs, through stable, compliant and flexible fronting arrangements. This entry will highlight initiatives that sets Fronters apart from competitors with examples of solutions for difficult to place risks or other complex structures. This excludes EB Fronting business (please see the Employee Benefits Network category for this activity).

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This new category is open to firms who are changing the way the insurance industry operates, using technology and new approaches to provide clients with efficient and effective ways of operating. IN addition the firm may demonstration new ways captives can perform tasks, analyse data or provide insurance cover/reporting and many things beyond. Judges will look at effective implementations, innovation and functionality.

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Open to all non-EU domiciles that are serving European owned captives. Judges are looking for evidence that the highest standards of regulation are implemented, alongside an established insurance framework. Innovation in regulatory acts passed during the judging period and new formations will be considered.

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Open to asset managers and investment advisors. This award will be judged on a firm’s ability to develop customised investment strategies or vehicles, with an understanding of the insurer’s financial objectives. Regular reviews of investment performance and strategy, which results in greater profitability for the captive, will be key for our judges.

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Entrants to this award will be judged on their performance of providing either restructuring or exit solutions for captives or other ART programs. Effective and expedient solutions are key, and entrants should be able to demonstrate a wide range of solutions, from acquisition to novation and loss portfolio transfers. Notable successes and relationships with clients will be considered by the panel.

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Open to all legal departments or law firms operating either ‘offshore’ or in Europe , serving European clients and their captives. 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.

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Open to any claims management firm or claims handling division of a business who services captives. Judges will be looking for high quality service given to claimants. Subrogation services, loss adjustment services and claim adjustment services in particular will be a focus. Growth in client numbers and retention of clients will be considered by the judging panel,.as will innovation, tech developments and global footprint.

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This award is open to organisations that have implemented initiatives aimed at bringing in the next generation of talent to the captive industry. Organisations will need to display the innovative ways they are promoting the captive industry to the next generation, as well as training and educating the next gen to prepare them for stepping into captive roles.

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This award is open to any company serving the European Captive insurance market, whether you are a technology business, insurance broker, intermediary or service provider. Judges will be looking for the application of a new technology that can enhance the operational efficiency of a captive, and enhance the quality and cost effectiveness of placing risk in a captive. Customer service, low error rates and effective implementation will also be considered.

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Open to all third party administrators providing claims solutions to European owned captives and their parents. Judges for this award will be looking at a TPA’s capability and service efficiency, as well as any innovation when it comes to software administration and technology. The award will also be judged on growth and advancement in market share, with customer service through tailored solutions and client satisfaction will also considered. 

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This award will be open to all insurance and reinsurance companies providing services to European-owned captives. Entrants will be judged on displaying a dedication to clients through a wide range of services as well as the ability to solve complex problems. Attributes that sets a company apart from its peers will also be considered.

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