innovative insurance product award
About the Award:

In order to honor the innovators in insurance companies, the innovative insurance product/practice award has been launched to be an effective incentive for leading companies to scientific research and innovation in the insurance sector.
This award is to be given to the company that goes beyond the boundaries of insurance sector in the UAE through:

  • Launching an innovative product or new value;
  • Providing innovative service(s) that effectively meets the customers' requirements; and
  • Technological innovation.
Award's Objectives:

This Award aims to highlight all the innovative practices and products that handle the challenges of insurance sector and/or lead to developing the UAE insurance sector, so as to determine all the best practices for promoting knowledge, boosting innovation and research attitude and provoke effective contribution in building an innovative cognitive economy for the UAE. Moreover, it also seeks to transform the scientific research and ideas into innovative projects that are economically applied, in order to achieve social and economic development in the UAE.

Completion Conditions:
  1. Nominee (Company/Individual) shall have a license from IA.
  2. Participation Application Form shall be completed and all required documents shall be submitted.
  3. Participation Applications written in Arabic are accepted.
  4. Participation shall be made by providing an innovative product/practice that handles the challenges of insurance sector or leads to the development of UAE insurance sector.
  5. All Participation Applications will be evaluated by an Independent Evaluation Committee, and then the final list will be selected for interview.
  6. Subscription and Participation shall be made by filling in the relevant Form before 30 October 2017.
  7. Unclear attachments will be excluded.
Evaluation Standards: Criteria's:
  • Effect on insurance market and/or type of business.
  • Customers' needs satisfaction.
  • Creativity.
Title Published Date File Size
Application - Innovative Insurance Product Award25/07/2017221 KB
Innovative Insurance Product Award V.1 2016.png25/07/2017406 KB
Please send participate and applications to the e-mail address   innovation@ia.gov.ae

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