FWD shines at Bloomberg Businessweek Financial Institution Awards 2020 with 11 prizes

July 09, 2020 - 06:06
FWD shines at Bloomberg Businessweek Financial Institution Awards 2020 with 11 prizes

FWD most awarded insurer for third consecutive year with revolutionary products and tied agency strength in the spotlight


HONG KONG, CHINA - Media OutReach - 9 July 2020- FWD Hong Kong ('FWD') was the most awarded winner in the insurance sector for the thirdconsecutive year at the Bloomberg Businessweek Financial Institution Awards 2020(the "Bloomberg Awards 2020"), bringing home a total of 11 awards, comprisingthree Excellence Awards and eight Outstanding Awards.

Forthe third consecutive year, FWD has become the most awarded insurer at theBloomberg Businessweek Financial Institution Awards 2020, bringing home 11awards which include 3 Excellence Awards and 8 Outstanding Awards.


FWDhas won 7 awards, which include 3 Excellence Awards, in the product and servicecategories with its suite of innovative, easy-to-understand and relevantproducts.


FWD'sTied Agency bagged 3 Outstanding Awards in the Recruitment, Training andDevelopment, and District Achievement of the Year categories.

Seven of theawards went to several of FWD's life insurance and health protection productsand services, highlighting the company's commitment to developing innovativesolutions that push beyond established boundaries.

FWD alsostood out for the outstanding performance of its highly motivated, well-trainedtied agency force, as well as for the resounding success of its FWD x "TheWorld of Studio Ghibli's Animation" sponsorship campaign.

Ken Lau, FWD Managing Director of Greater China andHong Kong Chief Executive Officer, said, "Theseawards, bestowed upon us by some of the most highly regarded voices in theindustry, go a long way towards recognising FWD's relentless and successfulefforts to change the way people feel about insurance. I am very proud of whatall our teams have achieved in recent years, from identifying yet unmet andoften complex market needs, to structuring revolutionary, easy-to-understandand relevant products, recruiting and nurturing exceptional talent, andactively engaging with the public through exciting and interactiveinitiatives."


FWD's winningentries include:

  • All-round, one-stop health management service PREMIER THE ONEcierge, which provides priority access to over 100 top-tier hospitals across Asia; and MINDcierge, an innovative mental health support service that offer counselling services in both Hong Kong and Mainland China, clinched two Excellence Awards between them;
  • Crisis OneCover, a revolutionary critical illness protection that covers multiple bases from prevention (such as health screening) to comprehensive treatment options, and rehabilitation support during recovery, won two Outstanding Awards in the Critical Illness and Innovation Product categories;
  • MediSaver (Supreme), a medical insurance with savings capabilities that offers cover up to age 100 (age next birthday) for just 20 years of premium payment, as well as double protection against three common crises, bagged an Excellence Award in the Health and Protection category;
  • Regal Fortune, a life insurance policy under which the guaranteed portion of death benefits will increase by 5% annually from age 80 (age next birthday) of the insured, up to a maximum of 150%, to cater to the legacy planning objectives of high net worth customers, claimed an Outstanding Award in the High Net Worth (Product) category;
  • FWD's four Government-certified plans under the Voluntary Health Insurance Scheme ("VHIS"), which cover a wide range of medical needs and circumstances, were also recognised with an Outstanding Award in the Medical Care category;
  • Finally, FWD's Tied Agency bagged three Outstanding Awards in the Recruitment, Training and Development, and District Achievement of the Year categories, while the company's sponsored FWD x "The World of Studio Ghibli's Animation" which took Hong Kong by storm last summer won an Outstanding Award in the Integrated Marketing (Branding Promotion) category.


Table:List of the 11 awards won by FWD at the Bloomberg Businessweek FinancialInstitution Awards 2020





High Net Worth (Service)


MediSaver (Supreme)

Health & Protection


PREMIER THE ONEcierge and MINDcierge (Mainland China Counselling Service)

Cross-border Insurance Services


Crisis OneCover

Critical Illness


Innovation Product


Regal Fortune

High Net Worth (Product)


VHIS Product

Medical Care


Training and Development Achievement


Recruitment Program of the Year


ACT Team  (Region 54)

District Achievement of the Year


FWD x "The World of Studio Ghibli's Animation"

Integrated Marketing (Branding Promotion)


The above information does not contain thefull terms and benefits of the respective policy, key product risks, and majorexclusions. For details, please refer to the respective product brochure andpolicy provisions (For VHIS products, the materials are downloadable at https://www.fwd.com.hk/en/protect/health-accident/vhis/.)

About FWD Hong Kong & Macau

FWD HongKong offers life and medical insurance, general insurance, employee benefits,and financial planning. Its life insurance and general insurance operatingentities have been assigned strong financial strength ratings by internationalrating agencies -- FWD Life Insurance Company (Bermuda) Limited (incorporated inBermuda with limited liability) is rated "A3" by Moody's and "A" by Fitch; andFWD General Insurance Company Limited is rated "A" by Fitch. FWD Macau providesa suite of life and medical insurance.


FWD HongKong & Macau is a part of the FWD Group, the insurance business ofinvestment group, Pacific Century Group. FWD Group spans Hong Kong & Macau,Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan and Malaysia.


By creating fresh customer experienceswith easy-to-understand products supported by digital technology, FWD aims tobecome a leading pan-Asian insurer that changes the way people feel aboutinsurance.

For more information about FWD Hong Kong & Macau please visit WWW.FWD.COM.HK and WWW.FWD.COM.MO.

About the Bloomberg Businessweek Financial Institution Awards 2020

The BloombergBusinessweek Financial Institution Awards are hosted annually by iconic financemagazine Bloomberg Businessweek/Chinese. In 2020, 10 judges from the industry,government and academia assessed submissions from the banking, insurance andsecurities sectors and ranked them according to three criteria, namely marketperformance, growth and development, as well as business strategy in the pastyear.