THE National Reinsurance Corp. of the Philippines (Nat Re) announced it capped 2021 on a high note as it was honored by a Singaporean publisher with a top region-wide award, along with other awards from other organizations.
The country’s national reinsurer was named “Asean [Association of Southeast Asian Nations] Reinsurer of the Year during the excellence award of a division of the Charlton Media Group (CMG).
“The awards are designed to recognize the most talented people and firms across the region,” Nat Re quoted the CMG as saying. The awards considered companies’ “business successes, investment in talent, innovation, digital capabilities, client support, CSR [corporate social responsibility],” as well as how they went “above and beyond the call of duty.”
According to Nat Re, it was also recognized as the “Most Reliable Reinsurer of the Year Asean 2021” at the “World Business Outlook Awards.”
Earlier in 2021, Nat Re reaped the following accolades: “Best Reinsurance Service Provider;” “Reinsurer of the Year Asia;” and, “Best Reinsurance Company Asia 2021” by several publishing groups outside the Philippines.
In corporate governance, Nat Re was also named by the Institute of Corporate Directors group as one of the country’s “Top 15 Insurance Commission-Regulated Companies” out of a 119 total, winning with two “Golden Arrows” for its good corporate governance practices, based on the “Asean Corporate Governance Scorecard.”
Nat Re said it also received the “Best Corporate Governance (Reinsurance) award at The Global Economics Awards (Insurance Category)—the only Philippine awardee in the said category in 2021.
“We at Nat Re are honored to receive all these recognitions from local and international awarding bodies in 2021. They are a testament to the hard work and dedication put in by our company during a most challenging year,” Nat Re President and CEO Allan R. Santos was quoted in a statement as saying. “Guided by our purpose, we will continue delivering the best reinsurance solutions and championing the goals of our stakeholders.”