Generali Malaysia Achieved Double Victory at Insurance Asia News Awards for Excellence 2023

Kuala Lumpur, 22 February 2024 – Generali Malaysia successfully clinched two prestigious awards at the Insurance Asia News Awards for Excellence 2023, held on 23rd January 2024 at the Island Shangri-La Hotel, Hong Kong. The awards won were CSR Initiative of the Year and CEO of the Year (Fabrice Benard). 

Rooted in over 190 years of community-focused values, Generali Malaysia has been recognised with the “CSR Initiative of the Year ” award for its impactful, The Human Safety Net (THSN) initiative. Launched globally in 2017, THSN is a movement that aims to create positive change by helping vulnerable communities worldwide.

(L-R) Yeo I-Peng, Chief Marketing Officer of Generali Insurance Malaysia Berhad; Michelle Dan, Chief Financial Officer of Generali Insurance Malaysia Berhad, and Mithun Varkey, Editor-in-Chief of Insurance Asia News, presented the CSR Initiative of the Year award.

In Malaysia, Generali Malaysia’s THSN initiative began in 2018 with a focus on supporting vulnerable families with young children. In 2023, Generali Malaysia continued its commitment by raising over RM273,000 for Project Makan Sihat – a company-wide fundraising activity aimed at improving the nutrition and health of high-need families and children in PPR Lembah Subang. The initiative surpassed its initial goal, ranking second globally in the THSN 2023 Global Challenge. 

Continuing its effort to empower the communities as part of its year-long agenda, Generali Malaysia has amplified its efforts with additional awareness campaigns, workshops, and family support groups in collaboration with Yayasan Generasi Gemilang, demonstrating its dedication to supporting underserved families.

Awarded CEO of the Year on the same night, Fabrice Benard, CEO of Generali Insurance Malaysia Berhad and Country Head for Generali entities in Malaysia emphasised, “Our commitment to empowering communities goes beyond insurance. We believe in cultivating a legacy of care, compassion, and positive change within the communities we serve.”

(L-R) Fabrice Benard, Chief Executive Officer of Generali Insurance Malaysia Berhad and Country Head for Generali Entities in Malaysia, and Yawar Tharia, Publisher of Insurance Asia News, presented the CEO of the Year award.

Fabrice’s leadership in driving social progress and sustainable growth responsibly through the “Lifetime Partner” strategy has been pivotal to Generali Malaysia’s success. He was recognised for his exemplary leadership during the integration of MPI Generali Insurans Berhad, AXA Affin General and Life Insurance Malaysia. The milestone acquisition, valued at close to RM1.29 billion, created one of the largest general insurers and emerging life insurers in Malaysia, serving close to 2 million customers. 

Reflecting on the transformative year, Fabrice expressed his sincere gratitude to Generali Malaysia’s valued customers, business partners, and colleagues for their unwavering trust and support throughout this journey of growth and breaking boundaries.

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