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Bharti AXA General Insurance has been awarded the “Risk Manager of the Year" in the Asia Insurance awards which was held on Oct 31st, 2011 in Singapore.

Online PR News – 04-November-2011 –Press Release

Bharti AXA General Insurance does the Indian Insurance Industry proud at the Asian Insurance Industry awards, 2011 by winning the “Risk Manager of the Year”
Only Indian company in the Life & General Insurance category to have been nominated for and won, at the prestigious Awards
November 4th,2011, Mumbai: Bharti AXA General Insurance has been awarded the “Risk Manager of the Year” award at the prestigious “Asia Insurance Industry Awards” held at Singapore on the 31st of October 2011.
Bharti AXA GI had been shortlisted in the “Risk Manager of the Year” category for making risk mitigation extremely customer centric on one hand and for the measures they have taken to minimize and manage their operational risks. And Bharti AXA General Insurance has emerged victorious.
The 15th Annual Asia Insurance Industry Awards 2011 was intensely contested amongst leading insurers, reinsurers and risk managers across Asia, with over 500 entries from leading players across 15 categories of awards. The jury comprises of 29 distinguished panelists from across Asia both from the regulatory and professional community.
Bharti AXA General Insurance is the first & only insurance Company in India with an in-house risk management team offering the widest range of risk management services. The company offers Pre Acceptance survey with specialized consultancy studies at a nominal cost across select evaluation, audits and surveys. These include General Safety Audit, Fire Safety Audit, Electrical Safety Audit, post loss survey, risk inspection amongst others. The strength of the risk engineering services may be attributed to the wide experience of professionals who have carried out more than 5000 different assignments for all types of industries over a period of nearly 3 decades. Based on assessments, Bharti AXA General Insurance gains a position of advantage whereby the company is able to provide flexible and cost effective insurance solutions that enable enterprises especially SMEs to manage their risks effectively.
Bharti AXA General Insurance is one of the few companies to implement an Enterprise Wide Risk Management framework. Their Risk Management team has in place systems and processes to assess risks, design and implement mitigation measures, create employee awareness and train the Control Operators. These systems and procedures provide the necessary internal controls that help them in managing Insurance Risks, Financial Risks and Operational Risks including Information Security, Business Continuity and Disaster Recovery and Fraud Risk Management.
Bharti AXA GI comprises of a multi disciplinary team including graduate engineers uniquely qualified in the field of Insurance, risk management and industrial safety. As a result of their hard work and tremendous commitment, they have emerged as winners in the grand finale, creating a bench mark in the Risk management division of the insurance industry.

Commenting on this significant achievement, Dr. Amarnath Ananthanarayanan, MD & CEO, Bharti AXA General Insurance said “We at Bharti AXA General Insurance are very proud to be honored with the Risk Manager of the year award.. We are striving to become the Preferred General Insurance Organization in India and our risk engineering offer adds to the innovative bouquet of insurance Solutions that we believe can help us redefine insurance for our customers. I would like to congratulate the entire Bharti AXA General Insurance team for being a part of this journey to winning this award and would like to encourage them to keep putting in their best”.

Bharti AXA General Insurance:
Bharti AXA General Insurance is a joint venture between Bharti, one of India’s leading business groups with interests in Telecom, Agri Business and Retail; and AXA, world leader in Financial Protection and Wealth Management. Bharti Group holds 74% of equity and AXA holds 26% of the equity.

With a vision to become the preferred organization for General Insurance in India, Bharti AXA General Insurance is the fastest growing multi-line crossing Rs 500 crores GWP in its second full year of operations ending December 2010. The organization offers its customers - individuals and businesses- a wide range of products and services that meet their insurance needs. Incorporated on 13th July 2007, Bharti AXA General Insurance is headquartered in Bangalore. The organization commenced national operations in August 2008 and currently has 147 points of presence and 48 branch offices across the country. Further, it is also the first organization in the GI Industry to receive dual certifications of ISO 9001:2008 & ISO 27001:2005 within the first year of operations in 2009 and subsequently re-certified in 2010. The organization recently was awarded the prestigious “Personal Lines Growth Leadership Award 2011” at the India Insurance Awards 2011.