PRNewswire/ The need for a stable and reliable insurance company is, and always has been, of great importance to both individuals and firms. One of the main problems with choosing the right firm to suit specific needs is the vast array of firms within the market. So much choice can lead to confusion and mistakes being made. With that in mind, World Finance scoured the globe to filter the market, and here recommends the best available. Congratulations to those who made the grade this year.
Insurance company of the year:-
Australia
Insurance Australia Group (IAG)
Austria
Uniqa Sach
Belgium
Fortis
Caribbean
Guardian Life of the Caribbean
Central America
GNP Mexico
France
Axa
Germany
Allianz
Greece
EFG Eurolife Insurance
Hong Kong
HSBC Insurance
India
Bajaj Allianz
Italy
Poste Vita SpA
Malaysia
Prudential
Middle East
Abu Dhabi Insurance Company
Netherlands
Achmea
North Africa
Sociéte Nationale d'Assurances Algérie (SAA)
Pakistan
EFU General Insurance Ltd.
Portugal
Caixa Seguros
Scandinavia
If
Singapore
HSBC Insurance
South Africa
Momentum Group
South America
Bradesco Seguros e Previdência S/A
South Korea
Hyundai Marine & Fire Insurance Co
Spain
Mapfre
Switzerland
Allianz
Thailand
Viriyah
Turkey
AK Sigorta
UK
RSA
USA
Chubb Group of Insurance Companies
Vietnam
Prudential
About the Awards:-
The World Finance awards panel, headed up by editor Alexander Redcliffe, used a wide range of criteria, and the critical eye of a collective 180 years of financial journalism to inform its decision over the most pertinent categories to include in the 2009 awards, and to establish criteria for voters to consider, such as innovation, originality and quality of product, as well as proof of market development and excellence in client representation.
The panel has been wary to avoid the danger of bias towards criteria such as depth of practice, size of company, international links and reputation, which in so many other industry awards skews the competition in favour of the larger firms with global networks, leaving the excellent work of smaller, nationally based firms and those operating in niche areas, unrecognised. The awards are designed to redress this balance, not to favour the smaller firms, but to publicly recognise that the services they provide are every bit as valuable to their clients as those of their larger counterparts.