Our UK organization won two top prizes at the 2016 Insurance Insider awards ceremony, held at Old Billingsgate in London this fall.
This was the fifth Insurance Insider Honors event held to date. The publication, which provides insights to senior leaders and investors in the insurance industry, stated that these honors represent "a trophy that is hard won” and “richly deserved…."
The Inclusion and Diversity Award
Our Diversity & Inclusion initiatives contribute to our organization’s diverse workforce, enhance our cultural competence, and help build an inclusive, respectful, and productive workplace for our people. For example, our Employee Resource Groups serve as communities where our people come together to support inclusion and broaden their professional networks. Furthermore, a Diversity & Inclusion council helps to establish, review, and monitor Diversity & Inclusion efforts and needs in the UK, with a strong emphasis on ongoing Diversity & Inclusion communications and on specific training and development.
Recognizing the honor from Insurance Insider for our organization’s diversity and inclusion initiatives, Geoff Godwin, UK Chief Operating Officer, noted, "This is a great reflection of everyone's commitment and support for our Employee Resource Groups and the positive impact they are having around diversity and inclusion within our own organization and across the wider insurance industry. Well done to everyone involved—this award is for you all."
The Underwriting Initiative of the Year Award
In November 2015, our Trade Credit Insurance team launched Supply Chain Finance from AIG and PrimeRevenue, a low-cost and highly innovative working capital solution for midsize businesses in the UK.
Supply Chain Finance from AIG helps make supply chain finance fast, easy, and affordable for mid-market companies. The product helps both buyers and suppliers to unlock working capital from the supply chain with greater ease and lower costs. Supply Chain Finance from AIG is delivered through the market-leading PrimeRevenue web platform.
Scott Morrison, Head of Supply Chain Finance at AIG Europe, commented, "To win the award for Underwriting Initiative of the Year is terrific recognition for the work that was put in not just by the Trade Credit team, but across the many other departments within AIG that helped us develop this offering and bring it to market, and that enable us to be our clients,’ brokers,’ and partners’ most valued insurer."