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| [English Translation] |
September 27, 2005 |
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| The 9th Asia Insurance Industry Award |
| “General Insurance Company of the Year” Awarded to MSI |
| as most active non-life insurance company |
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Mitsui Sumitomo Insurance Co., Ltd. (hereinafter “MSI”) (President and CEO Hiroyuki Uemura) is pleased to announce that it was awarded “General Insurance Company of the Year” as “the most active non-life insurance company in Asian insurance market in 2004” at the celebration of the 9th Asia Insurance Industry Award held in Singapore on September 26, 2005.
This is awarded for MSI’s advancing to the top of the foreign affiliate non-life insurers in the region via acquisitions such as the purchase of the entire Asian operation. from Aviva of the U.K. as well as in recognition of its social contribution activities of offering technical co-operations in insurance products and services in the countries of the region. MSI is Japan’s first non-life insurance company that is honored with the prize. |
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General Insurance Company of the Year, Asia Insurance Industry Awards 2005. |
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(1) |
MSI has advanced to the leading position among foreign affiliate non-life businesses in the region via the purchase of the entire Asian operation. from Aviva of the U.K, the acquisition of Mingtai Fire & Marine Insurance Co., Ltd. of Taiwan., etc. |
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(2) |
Hoping to help the Asian countries develop, MSI is committed to social contribution activities in designing insurance products and related services as well as offering technical co-operations such as transfer of risk management know-how in these countries. |
| 3.Descriptio of the award |
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(1) |
Asia Insurance Industry Awards 2005 |
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An annual contest organized by Asia Insurance Review, a magazine publisher specialized in insurance industry and targeting insurance business people in Asia, and co-sponsored by The Review. This was the 9th annual contest. |
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Awardees are selected in recognition of their worthy remarkable achievements out of non-life insurers, life insurers, re-insurers, insurance educational service providers, IT-related companies, loss adjusters, brokers, risk managers, etc in the Asian insurance market,. and honored with a prize in the 14 following categories; |
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(A) General Insurance Company of the Year
(B) Reinsurance Company of the Year
(C) Personality of the Year
(D) Risk Manager of the Year
(E) Innovation of the Year
(F) Life Insurance Company of the Year
(G) Broker of the Year
(H) Service Provider of the Year
(I) Educational Service Provider of the Year
(J) Reinsurance Broker of the Year
(K) Loss Adjuster of the Year
(L) Reinsurance Industry Contribution Award
(M) Corporate Social Responsibility Award
(N) Insurance Website of the Year |
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The selection panel consists of 22 members who sit atop of insurance authorities, a major insurance company or a body associated with insurance business in the world. |
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Such prize-worthy bodies, corporations and individuals as represent the insurance business in these countries are selected as awardees every year. |
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(2) |
General Insurance Company of the Year |
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This is a prize awarded to the company in Asia’s non-life insurance industry that has performed most remarkably for the year under review.
(At MSI, Chairman and CEO Takeo Inokuchi was awarded in the category of "Personality of the Year" in 2003.) |
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(1) |
Asia Insurance Review |
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Asia’s only one magazine publisher specialized in insurance, based in Singapore |
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Subscribers mainly consist of insurance companies, re-insurers and insurance brokers. |
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Geographically covers the entire Asian market |
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Also organizes various sorts of seminars in the countries of the region in addition to publishing the monthly magazine |
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A magazine well known to top officials of insurance authorities and top management of major insurers in these countries |
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(2) |
General Insurance Company of the Year awardees in the past |
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| 2004 |
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Fubon Insurance |
| 2003 |
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Insurance Australia Group |
| 2002 |
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Samsung Fire & Marine |
| 2001 |
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American Home Assurance(HK) |
| 2000 |
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HSBC Insurance |
| 1999 |
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Fubon Insurance |
| 1998 |
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Commercial Union(Singapore) |
| 1997 |
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Bangkok Insurance(Thailand) |
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