LIC wins top MEIF award

08-Feb-2012
Source : Gulf Daily News
Bahrain: The achievements, innovations and excellence in the regional insurance industry were recognised last night at MEIF 2012 award ceremony at the Gulf Hotel.
The annual MEIF Institutional Excellence Award, which is one of the most prestigious in the industry, recognises institutions that have made a significant contribution to the regional insurance industry.
Life Insurance Corporation (International) (LIC) has been voted as the winner of the award from a short-list of nominees through a unique industry-based voting system.
LIC’s nomination for the award was based on its 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 its customers and its robust financial performance.
Central Bank of Bahrain executive director of financial institutions’ supervision Abdul Rahman Al Baker presented the award to LIC chief executive and managing director R Thamodharan, at a high-profile gala dinner and award ceremony.
"We are extremely delighted to receive the MEIF Institutional Excellence Award 2012," said Mr Thamodharan.
"To receive this award, which is considered one of the most prestigious in the regional insurance industry, is indeed a great honour.
"This award is a 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 fulfil the needs of our clients.
’It is a result of the commitment of our people to our corporate values, vision, mission, their hard work and the trust that our customers and shareholders have placed in us," he said.
"This award is as an endorsement of the collective efforts of various resources working together to further advance the regional insurance," Mr Thamodharan added.