Almond initiative to galvanise public trust, awareness and increased penetration for growth of insurance industry through awards has seen tripled participation in 2025.
Now in its third year, participation for the 2025 edition tripled from 392 nominations in 2024 to 914 nominations this year, underscoring growing acceptance, impact on market.
Prisca Soares, chairman, Awards Panel of Judges said Almond Awards drive industry recognition, foster healthy competition, boost participation, and expand stakeholder engagement through technology and awareness.
Soares said, “More people are participating in the Almond Awards because they value recognition and see that winning is possible. This has increased awareness and healthy competition within and beyond the insurance industry. The awards encourage excellence, reward performance, and ultimately benefit consumers.”
“I am thrilled by the industry’s enthusiastic response to the announcement of this year’s Awards. The meticulous nomination process, which spanned over a month, saw active participation from Top Management of insurance companies, Corporate Entities, and Individual Clients, and even State Governments, all nominating based on the provided criteria.”
She said this year witnessed a significant increase in participation from industry stakeholders, and is evident in the number of nominations received, which grew to 914 compared to last year’s 392, indicating a 79.94 per cent increase.
In a bid to continue to maintain the integrity of the Awards and to reduce the incidences of duplicate voting, the panel she said has agreed that a One Time Password (OTP) deployed in the voting process. Voting for 2025 has commenced and will end 5th of September.
“It is pertinent to inform you that nominees for the various categories went through the mill of due process and screening by the Judges before being shortlisted for the Voting Process, she said. Awards Nite will take place 7th of November 2025.
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