Marsh, the world’s leading insurance broker and risk advisor, has been named "Broker of the Year" at the 13th Annual Asia Insurance Industry Awards. This is the third year in a row and the fourth time in five years Marsh has taken home this accolade.

The awards were the result of an extensive review process by a panel of 24 international judges comprised of leading insurance industry professionals. The award was judged according to the following criteria:

• In-depth knowledge and understanding of the market through research
• Responsiveness to customer needs
• Innovation
• Industry leadership
• Business retention and growth
• Sound financial management
• Outstanding customer service resulting in business referrals
• Professional standards

Alan Cheah, CEO of Marsh in Asia, said: “We are honoured and humbled with this accolade, which is a testament to Marsh’s role in the development of the insurance industry across the region. Asia is unique, with markets ranging from extremely mature to truly emerging. It’s clear that Marsh’s approach of local knowledge backed by global expertise is the winning formula to help our clients succeed. I would like to personally thank our 1,400-plus colleagues across the region, who work tirelessly to help clients manage risk in this constantly changing environment.”

Alex Moczarski, President of International for Marsh, said: “This award is yet another acknowledgment of Marsh’s outstanding capabilities around the world and recognition of the value we bring to our clients. I am particularly pleased that Asia, a significant growth engine for Marsh, has been honoured as we continue to build awareness around risk management and help clients turn risk into opportunity.”

The awards are organised by the Asia Insurance Review and The Review, both leading industry publications, covering the insurance, reinsurance, broking and risk management industries across the region.