The annual MEIF Institutional Excellence Award, which is one of the most prestigious in the industry, is designed to recognize institutions that have made a significant contribution to the regional insurance industry. The MEIF Institutional Excellence Award recognizes a leading institution that has demonstrated outstanding achievements and institutional excellence in major performance areas.
Life Insurance Corporation (International) B.S.C. has been voted as the winner of the 2012 MEIF Institutional Excellence Award from a short-list of nominees through a unique industry-based voting system. LIC’s nomination for the award was based on their ability to develop superior and innovative products and services, create a strong business position in the regional insurance market, responsiveness to the complex needs of their customers and their robust financial performance.
Abdul Rahman Mohammed Al Baker, Executive Director – Financial Institutions Supervision, Central Bank of Bahrain presented the award to R. Thamodharan, CEO and Managing Director of Life Insurance Corporation (International) at a high profile gala dinner and award ceremony held on the sidelines of MEIF 2012.
“We are extremely delighted to receive the MEIF Institutional Excellence Award 2012. To receive this award, which is considered to be one of the most prestigious awards in the regional insurance industry, is indeed a great honour. This award is recognition of our commitment and dedication to excellence. It is a reflection of the collective progress that we are making as a pioneer in the field of insurance services to develop innovative and market-leading products tailored to fulfill the needs of our clients. It is a result of the commitment of our people to our corporate values, vision and mission and their hard work and the trust that our customers and shareholders have placed in us. This award is as an endorsement of the collective efforts of various resources working together to further advance the regional insurance industry on a macro level, and our institution’s performance excellence on a micro level,” R. Thamodharan, said.
MEIF 2012 was attended by more than 500 leaders from the international and regional insurance industry.