Vanguard Market Development Award

This prestigious award recognizes those whose work is bridging the protection gap in developing markets and economies and thereby broadening of the scope and impact of insurance and risk management. The award is presented annually at the gala awards dinner at the Global Insurance Forum before an audience of 500+ senior insurance executives representing over 50 nations.


  • Nominees shall have substantially advanced the development of insurance in an underserved market or emerging economy. The contribution should be recognized for its memorable, favorable and lasting impact.
  • Nominees may be living or deceased.


The Insurance Hall of Fame Laureate is elected by IIS Honors Committee, a body of senior insurance executives and academics representing all sectors of the industry and regions of the world.


Candidate nominations are solicited for consideration by the Honors Committee throughout the year. However, in order to be considered for the award in any given year the candidate submission must be received by March 31. All nominees received after this date will be considered the following year..

The Committee conducts research internally to complete the identification process. Its Nomination Subcommittee then evaluates all nominations and submits qualified candidates to the Committee, which then shortlists them for further investigation and evaluation. Finally, the Committee meets in late autumn to elect the Vanguard Market Development Award winner by secret ballot.

We encourage you to cultivate this important awards program by submitting the on-line candidate nomination form below. You may also submit nominations by contacting IIS Research Director Dr. W. Jean Kwon by email at