The African Reinsurance Corporation (Africa Re) has established a Corporate Social Responsibility Fund and the African Insurance Awards as part of its mission to foster the development of insurance and reinsurance in Africa.

The African Insurance Awards reward the most innovative and sustainable development in the African insurance market, as well as the best corporate management, leadership and governance.

The three categories of the Awards are as follows:

1. Insurance Company of the Year: this prize is open to all insurance and reinsurance companies registered in Africa and focuses on the performance of the last 2 years.

2. CEO of the Year: this special award will be given to the CEO of a company who has made an outstanding contribution in the last 12 months or more, either through the advancement of his company or the insurance industry in Africa.

3. Innovation of the Year: this prize will be given to an insurance or reinsurance company to reward the best technology use, launching of a breakthrough product / service or a new and innovative distribution channel or method.

Cash prizes, plaques and certificates will be awarded to the winners and, in addition, the events will receive wide media coverage.

Africa Re will establish a partnership with one or more professional media to promote the awards, which will be published in the Corporation’s newsletter, website and specialized insurance magazines across the continent.

The winners will be chosen by an independent and highly regarded panel of judges.

Nomination entries will be received as from January 2015 and the first award winners will be communicated in June 2015.