Airmic Excellence Awards 2024 launched
The annual Airmic Excellence Awards have been launched for 2024 to recognise “outstanding achievements” in risk management and risk financing service to the profession, the association, or contribution to the wider society.
Nominations for the awards open on July 1, 2024, and Airmic partners and members are now able to submit nominations. There is no fee to submit a nomination and nominations may be submitted for more than one category.
The award categories include both individual and team awards. The individual awards up for grabs are risk manager of the year and rising star of the year. There are various awards available for teams, including, professional development programme of the year, multinational programme of the year, sustainable captive strategy and innovative people risk programme.
Risk manager of the year (achievement) will be awarded to a senior and influential professional. They could lead a risk team or inspire, mentor, or support young professionals starting out in their risk careers. This individual must demonstrate that they have the attention of their board, or equivalent governance body, and exhibit outstanding leadership through the practice of dynamic risk management.
Rising star of the year (talent) will be awarded to a professional who has demonstrated exceptional initiative, given support to the development of other professionals inside and outside of their organisation, and demonstrated the potential to be a future leader in the profession. There are no age criteria attached to this award category, but it is expected that nominees will have been in the profession for less than seven years.
Professional development programme of the year (learning) is open to a member team which can demonstrate a commitment to supporting the development of knowledge and skills for future risk professionals. This might involve an innovative approach to study, or a bespoke learning programme developed and offered in-house or externally.
Multinational programme of the year (innovation) recognises that the expansion of regulatory regimes against the backdrop of interconnected world and regional economies and risks requires a thorough assessment of cross-border risks and the options and obstacles inherent in multinational risk and insurance programmes. A programme must reflect an organisation’s multinational objectives and demonstrate sustainability as the global business climate evolves and the needs of an organisation change.
Sustainable captive strategy (captives) recognises that captives have gone mainstream and are taking centre stage as part of the risk-financing solutions for many Airmic members. This award is looking for ways in which an organisation has leveraged a captive to meet the objectives of their organisation and can demonstrate how this has contributed to creating a competitive advantage. Nominations might refer to reducing the cost and volatility of funding risk or providing access to reinsurance markets. Innovative covers might include cyber, climate, energy transition project risks, and blended catastrophe risks, as well as their ability to build data sets for emerging risks.
Innovative people risk programme (people) recognises that Airmic members are increasingly engaged in risk management and risk financing solutions for people risk, including employee benefit programmes. Nominations might include how Airmic members have collaborated with their peers in human resources or equivalent functions, and how their knowledge and skills have contributed towards the introduction of innovative solutions. Examples could include business travel, health, safety and security, employee wellness, mental health, or life, private medical or other risk financing arrangements – including the use of a captive.
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