Prudent Brokers Wins Asia’s Broker of the Year Award for 2022

Broker of the Year at the 26th Asia Insurance Industry AwardsPrudent Insurance Brokers once again captured the attention of the judges for the 26th Asia Insurance Industry Awards for the company’s all-around performance and hands-on approach to its clients’ and market needs.

Over the last year, Prudent has taken multiple steps to enhance customer service, use modern techniques and technology, upgrade its skills and team and help move the industry and itself forward. In 2021-22, the firm registered 23% organic growth, which is significantly higher than the market growth rate of 11%.

In the midst of the pandemic, Prudent managed to transition 40% of its workforce by replacing it with more agile colleagues who are more capable in the use of data analytics and technology. This has happened without the termination or layoff of a single team member.

Prudent launched project Phoenix last year with a batch of 20 professionals who have three to five years’ work experience in hospitality, banking, or aviation and are ready to commit to a long-term career in insurance broking. After a rigorous training program and one year of job rotation, team members chose a stream they felt comfortable in.

Some of its notable achievements over the past year include:

  • Leading the Indian market in placing the largest public offering of securities insurance and advising more than 25 companies in their listing process
  • Leading the Indian market in placing the largest brokered flexible benefits program in India with more than 60,000 employees and $20m in premium, bringing need-based, personalized, and flexible options to suit the life stages of employees
  • Brokered the largest global credit insurance program in India with over $3m in premiums and covering the risk of global subsidiaries across 65+ countries
  • Managed and successfully assisted the insured in the settlement of one of the largest business interruption claims under a cyber policy in record time
Language sourced from Asia Insurance Review. 

If you need support with your employee benefits in India, please contact Asinta and we will connect you with Prudent.