The Stage is Yours
It is with great pride that we launch the 3rd Asia Trusted Life Agents and Advisers Awards. We are honoured to have the support of Mr Dennis B Funa, Philippines Insurance Commissioner, as Guest of Honour for the Awards and to have his presence at the Gala Dinner to be held in Manila on 7 May 2018.
This truly is a regional Awards which salutes the best in agency and advisory across markets and companies. Over the past two editions we have seen winners from eight markets: China, Hong Kong, India, Malaysia, Singapore, Taiwan, Thailand and Vietnam. And they are making heads turn.
The Awards with Mr Mark Tucker, now Group Chairman, HSBC Holdings, as the Patron was launched with LIMRA as co-organiser to offer a neutral platform to shine the spotlight on the unsung heroes and heroines of the insurance industry beyond production figures and highlight the role of agents and advisers even in the digital era. The Awards is actively supported by several of the insurance organisations and associations, too.
The support from the industry is a testament to what the market has come to expect of us. An Awards with a highly transparent process that is independently audited, with winners picked by a distinguished judging panel of insurance leaders, association heads and experts. This year, we are pleased to again have some 20 industry leaders who believe in our vision and will be taking time out of their busy schedule to serve as judges.
Our job – yours and mine – is not done yet. Regrettably, the public perception of advisers still suffers from extensive negative press whenever a bad apple from the industry appears on the front pages of newspapers or when a startup promises to go direct to consumers with intermediaries painted as the problem. Yet the wonderful job that many professional advisers do for their clients go unreported.
Together, we can change that. We have launched Asia Advisers Network, a dedicated online platform to meet the information needs and raise the bar of advisers and agency leaders. We have also been truly impressed by the quality of past winners and nominations. The success of the Awards will depend on your active participation to trumpet the good that is being done by the industry.
We have set the stage. The floor is now yours.
Stand up and be counted!
- Sivam Subramaniam
Asia Insurance Review
- Benjamin Ang
Asia Advisers Network
Recognising Asia’s Best and Brightest
You have demonstrated exceptional professionalism, knowledge and commitment to your industry, and LIMRA is honored to help recognise Asia’s best and the brightest financial professionals at the third annual Asia Trusted Life Agents & Advisers Awards. Our 2017 Industry Predictions report identified five major drivers of change in our industry: regulation, the changing consumer, technology and innovation and talent management. LIMRA’s research shows that as technology has advanced, consumers’ expectations and preferences have changed. As a result, we must change to engage with them on their terms. We must leverage the information we have on these consumers—and consumers like them—to figure out the best approaches to connecting with them and teaching them the importance of life insurance and saving systematically for retirement.
Given how much ecommerce has grown throughout the world, one would expect that people want to buy our products online. Yet, the most recent LIMRA studies indicate that consumers of all ages and ethnicities want to work with a trusted financial professional to make important financial decisions. It is clear that what you do matters. Our research indicates that consumers across the globe recognize the value of working with a financial professional to help them secure their future.
While there has never been a greater need for financial advice, the job of providing financial advice has become more difficult. To succeed in today’s competitive world, it takes a keen awareness and a thorough understanding of underlying market forces. At its core, LIMRA is a research organization, offering actionable, credible insight into insurance and retirement trends.
For more than a century, LIMRA has been the trusted source of industry knowledge, connecting people to ideas and thought leadership that help them develop successful strategies to meet challenges of today and tomorrow, fulfilling our common mission to protect families’ financial security throughout their lives.
- Robert A Kerzner
President & CEO, LIMRA, LOMA and LL Global
Be a Role Model for the Insurance Industry
I am delighted to be launching the third Trusted Agents and Advisers Awards. As we all know, insurance has an increasingly important role to play in helping people across Asia to protect against challenging times and achieve better futures for themselves and their families. The coming years will provide a wonderful opportunity for insurance and for Asia as the middle classes and the need for investment in infrastructure both grow. It is critical that this growth is both sustainable and inclusive so that it delivers the greatest possible benefit to the widest range of people.
Insurance is all about the role of individuals, and nowhere is that more the case than in the role played by agents and advisers, who build trusted relationships based on personal interaction and technical expertise.
Everyone honoured through these Awards is a role model for the insurance industry and for the powerful role of individuals across financial services and beyond.
- Mark Tucker