Any individual who manages a risk mitigation profile within the organisation can apply for this category. The rising star should not be more than 35 years of age as of March 31, 2024, and should have a minimum of 3 years of work experience within the respective industry segment. Participants should have demonstrated:

• Understanding of the organisation's risk
• Identification of areas of improvement of risk, both evidenced by a written report to the Executive Management/Board
• Relationship-building, communication, and influencing skills evidenced by established relationships
• Implementation of risk management programs

In the process of implementing all the above, the participant garners respect and support from key risk management stakeholders across the organisation.

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To recognise the individuals who actively look for opportunities to consolidate global risk exposures through centrally managed insurance programs or controlled master programs, ensuring umbrella risk transfer solutions across geographies. The leader must have consistently demonstrated the capability for

• Developing a culture of risk assessment, avoidance and mitigation across their organisation through setting appropriate deductible/retention levels in their insurance programs
• Achieving buy-in from local Risk Managers and stakeholders to participate in the global insurance program
• Identifying, consolidating, and improving the risk exposure proactively for their company’s business operations across the globe and in communicating the successes thereof throughout the organisation

The organisation should have its presence in more than one other country along with its presence in India.

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To recognise individuals who have taken initiatives towards providing, integrating, and enhancing choice-based, personalised insurance and non-insurance solutions to their company’s employees and family members, resulting in higher employee retention, acquisition, and experience satisfaction scores. Insurance personalisation offers include insured benefits as well as non-insurance choices enabled through marketplace access, employee wellbeing programs, outpatient care, and multiple other benefits offerings.

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To recognise individuals who have taken initiative towards identifying risks which may occur or already exist but are difficult to quantify and may have a catastrophic loss for the organisation. The individual should be working towards developing appropriate insurance and risk management solutions, creating awareness and igniting a response at Board Level and throughout the organisation.

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To recognise individuals who have taken initiatives towards creating greater supply chain resilience amidst various disturbances and turbulence. These individuals have worked proactively with their supply chain to:

• Identify, quantify and reduce potential losses through proactive identification of areas of improvement
• Nurture vendor relationships by educating their vendors on the need and methods to reduce their risk
• Inculcate understanding of supply chain risk and a culture of risk improvement through rigorous supply claim management and diversification within their own organisation
• Identify, assess, and mitigate supply chain risk
• Make it resilient, reduce losses, contribute to sustained supply and production or sales
• Protect revenue and market share and improve coverage under their insurance programs

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In a world of increased risk due to climate change, insured and non-insured losses are increasing in magnitude and frequency. This Award recognises individuals who proactively plan for catastrophic damage and establish processes and protocols to prepare their organisations to recover financially from such physical damage to their assets. They are thus able to quickly mobilise evidence of quantum of loss and effect a speedy claim settlement.

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In today's workplace, the emphasis on health and well-being emanates from the C-suite of most companies. This Award celebrates trailblazing professionals who have pioneered innovative and effective solutions to foster mental, physical, environmental, financial, and social well-being within their organisations and positively impacting the lives of their colleagues.

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A CXO of an organisation who is responsible for the identification, analysis, and mitigation of risks of both internal and external risks. A leader whom stalwarts across industries look up to for inspiration and guidance. The CXO should have at least 15 years of work experience in the industry and should be working in the current organisation for at least 1 year along with demonstrating:

• A deep understanding of the broad range of risks and the risk management process
• Exceptional technical knowledge of risk transfer mechanisms evidenced by designing, implementing and managing global risk management programs
• High level of relationship building, communication and influencing skills evidenced by established relationships with, respect and support from key risk management stakeholders across the organisation to implement risk management programs
• Contribution to the industry's development and knowledge building through publications of articles in industry journals and participation in webinars on risk management
• Furthering the growth of the industry through mentorship of upcoming risk managers

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To recognise an industry stalwart who has spent more than 20 years in a risk and insurance function for their respective organisation(s). The nominee would have played a significant role in moving the risk and insurance function forward in their organisation(s), and played a part in new ways of thinking, adoption of new coverages, been a force of innovation in the industry and also is someone recognised by the risk and insurance community for their contribution.

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PRUDENT INSURANCE BROKERS Private Limited

Registered Office: 101, Tower B, Peninsula Business Park, G.K Marg, Lower Parel, Mumbai - 400013 CIN No.: U70100MH1982PTC027681 | COR No. 291 (Validity: 18th February 2020 to 17th February 2023)
Insurance is a subject matter of solicitation.
Prudent Insurance Brokers Pvt. Ltd. is the Composite Insurance Broker registered with IRDAI and does not underwrite the risk or act as an Insurer. Insurance products are obligations only of the Insurance company. Prudent's team offers you a chance to compare the best insurance policies, services offered by leading insurance companies and then buy a plan. Prudent does not accept any liability for any services or information that you access through the publicly disclosed information. Prudent's service obligations to you are solely contractual in nature. You acknowledge that, in performing services, Prudent and its affiliates are not acting as a fiduciary for you, except to the extent required by applicable law, and do not have a fiduciary or other enhanced duty to you.