About

The Business Insurance U.S. Insurance Awards recognize excellence in the commercial insurance and risk management sector while also raising money to address the industry’s talent crisis. A welcome addition to the program will be the recognition of the 2023 Innovation Award winners.

Nominations will be accepted March-April 2023. 

The recognition event will take place in July in New York. 

Celebrating Today - U.S. Insurance Awards
Now in its sixth year, the awards program highlights exceptional work by insurance professionals working at companies across the commercial insurance industry — from retail brokers to TPAs, insurers, reinsurers and more. Recognizing that major achievements are seldom the work of individuals working in isolation, the awards honor teams of professionals working on specific projects. Anyone familiar with a team’s work can nominate them for an award.

Creating Tomorrow — BI Scholarship
Up to 400,000 insurance jobs will be unfilled in the near future as the current workforce shifts. The U.S. Insurance Awards were created to address the industry's talent crisis by funding the Business Insurance Scholarship. This scholarship fund is administered by the Spencer Educational Foundation, which provides opportunities to risk management and insurance students through scholarships, as well as grants to support existing risk management and insurance programs and to develop programming at universities without risk management degree programs, including HBCUs. Partners and supporters can make a donation to support the Business Insurance Scholarship by sending a check to Business Insurance, P.O. BOX 1010, Greenwich, CT, 06836. Please make checks out to “Business Insurance Foundation.”



General Information About Nominations

To keep the process simple, we’ve set up an online nomination system that requires a 500-word description of a team’s work. For more details on what to include, read our FAQ section for advice on how to submit a compelling entry.

All nominations will be reviewed by a panel of Business Insurance editors who will select finalists in each category. The finalists will be reviewed by a panel of insurance and risk management professionals and the winners will be announced LIVE at an event in New York City in July 2023.
 
Categories
 
Broker Team of the Year 
This award recognizes a team of brokers within a brokerage organization. Please provide a 500-word summary of a brokerage team’s accomplishment within the past two years. Submissions may describe how the team structured a new program, accessed new capacity, addressed a client’s problem, created a new solution for the market, or any other service that brokerage teams provide for commercial insurance clients.
 
Community Outreach Project of the Year – Pro Bono and Volunteer 
This award recognizes a community outreach project by any organization operating in the commercial insurance and risk management sector that involved pro bono or volunteer work. Please provide a 500-word summary of a community outreach project introduced within the past two years. Submissions may describe pro bono work performed for the community by a company or its employees, volunteer initiatives to provide practical help, or any other pro bono and volunteer outreach project performed to support a local community.
 
Community Outreach Project of the Year – Donations
This award recognizes a community outreach project by any organization operating in the commercial insurance and risk management sector that involved donations. Please provide a 500-word summary of a community outreach project introduced within the past two years. Submissions may describe fund-raising efforts for charities or not-for-profits, company matching programs, or any other donations related to community outreach efforts.
 
Diversity & Inclusion Initiative of the Year
This award recognizes a diversity & inclusion initiative by any organization operating in the commercial insurance and risk management sector. Please provide a 500-word summary of a diversity initiative introduced within the past two years. Submissions may describe an initiative to foster a more diverse talent pool, enhance inclusive work environments, drive supplier diversity, improve customer outreach or any other initiative aimed at promoting diversity efforts in the commercial insurance industry.
 
Insurance Consulting Team of the Year
This award recognizes a team of consultants in the risk management and insurance sector, including specialty consulting firms and general management consulting firms that operate in the field. Please provide a 500-word summary of a consulting team’s accomplishment within the past two years. Submissions may describe how the team solved a specific problem for an insurer, brokerage or risk management client, an industrywide solution, a change management project, or any other service that the team provided to an underwriting, brokerage or risk management client.
 
Insurance Underwriting Team of the Year 
This award recognizes an underwriting team at a commercial insurer. Please provide a 500-word summary of an underwriting team accomplishment within the past two years. Submissions may describe how the team developed a new or improved coverage, a solution for a specific problem faced by a policyholder or group of policyholders, recognized and provided a solution for an emerging risk, or any other commercial insurance solution or service that the team developed.
 
Legal Team of the Year
This award recognizes a team of legal professionals in the risk management and insurance sector, including outside counsel for policyholder and insurer clients and inside counsel teams. Please provide a 500-word summary of a legal team’s accomplishment within the past two years. Submissions may describe key court wins or settlements, the legal team’s role in a merger or acquisition, the team’s role in helping other business developments, or any other service that the team provided to insurers or policyholders.
 
Risk Management Team of the Year 
This award recognizes a risk management team that has introduced a new or enhanced risk management program over the past two years. All the key participants in the program will be recognized – risk managers, insurers, brokers, technology providers, etc. Please supply a 500-word summary of the program. Submissions may describe how a risk management team and its key service providers introduced a strategic risk management program, reduced the total cost of risk, facilitated a wider business initiative or any other program that enhanced an organization’s risk management process.
 
TPA Team of the Year
This award recognizes a team of claims professionals at a third-party administrator. Please provide a 500-word summary of a TPA team accomplishment within the past two years. Submissions may describe how the team addressed a specific client or industry concern, solved a significant claims problem for a client, reacted to a catastrophic event, addressed a major medical management issue, or any other service that the team developed to help their policyholder or insurer clients.
 
Wholesale Brokerage Team of the Year
This award recognizes a team of brokers within a wholesale brokerage organization. Please provide a 500-word summary of a wholesale brokerage team accomplishment within the past two years. Submissions may describe how the team structured a new program in the surplus lines market, accessed new capacity, addressed a specific problem for a retail broker or its client, created a new solution for the market, or any other service that wholesale brokerage teams provide for retail brokers and their commercial insurance clients.

If you have any questions about the awards or the nomination process, please contact Gavin Souter, editor of Business Insurance, at gsouter@businessinsurance.com.

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