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Future Generali India bags two honours at the 10th Annual CIO100 Awards by CIO Magazine

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Future Generali India bags two honours at the 10th Annual CIO100 Awards by CIO Magazine

Future Generali India was awarded at the 10th Annual CIO100 Awards organised by CIO magazine on September 4, 2015. The Company was honoured as one of the Versatile 100 companies across India for not only being models of IT innovation and business value delivery but also being fast-responders to rapidly changing conditions in emerging markets, customer demands, and competitive threats.

The second award that the company received was the Sourcing Shogun Special Award for defining, implementing and managing relationships with service providers that clearly demonstrate best practices and that significantly contribute toward their organisation's overall success.

On this occassion, Mr. Munish Sharda, Managing Director & CEO, Future Generali Life Insurance said, "It is indeed an honour to be recognised by such a prestigious publication. In the past one year, we have upgraded our technology systems to automate a lot of processes, worked on revamping our website and set a clear roadmap for adopting technology at multiple customer and distributor touch points. Our objective is to drive a simpler and smarter agenda through digitisation/technology with process automation and providing sales with best-in-class mobility tools. We will soon be launching our revamped customer portal that will further help in simplifying the customer communication journey. Our objective is to be versatile and offer the highest standards of operational excellence and making things easier for our customers."

Speaking on the occasion, Mr. K.G. Krishnamoorthy Rao, Managing Director & CEO, Future Generali India Insurance said, "We are glad to be recognised for our continued endeavour towards digital transformation. Understanding the importance of technological infrastructure in business, we have taken numerous steps to streamline our processes and practices on this front. The result is clearly reflected in improved customer service and operational efficiency. With new initiatives being planned this year, we are committed to excel further in IT innovation."

Commenting on the occasion, IDG India's President & CEO, Louis D'Mello says, "The velocity of changes in business is accelerating. It's fueled by a swarm of new technologies including social, mobile, analytics, and cloud. This year's CIO100 awards theme - The Versatile 100 - recognised organisations who have truly been responsive to these changes, while the special awards identified the absolute best in the category. Future Generali has done a great job to win both these awards this year!"

Future Generali India Life Insurance Company Limited (FGILI) is a joint venture between Future Group - the leading retailer of India, Assicurazioni Generali - a global insurance group and one of the world's 50 largest companies* and IITL - a leading NBFC.

Future Generali India Insurance Company Limited (FGII) is a joint venture between Future Group - the leading retailer of India, and Assicurazioni Generali - a global insurance group and one of the world's 50 largest companies*.

GENERALI GROUP

The Generali Group is one of the largest global insurance providers with 2014 total premium income exceeding €70 billion. With 78,000 employees worldwide serving 72 million insured persons in more than 60 countries, the Group occupies a leadership position on West European markets and an increasingly important place on markets in Central Eastern Europe and Asia. In Asia, the Group operates in 10 markets: China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, Thailand and Vietnam. Generali ranked among the world's 50 smartest companies in 2015 according to the MIT Technology Review. Generali is the only insurer to be listed.

FUTURE GROUP

Future Group operates some of India's most popular retail chains including Central, Big Bazaar, Food Bazaar, Home Town and eZone. Apart from its allied businesses in Life and General insurance, the Group is also present in the domain of logistics infrastructure and supply chain and brand development. The group operates over 17 million square feet of retail space in over 90 cities and towns and 60 rural locations across India. The group's retail formats connect over 300 million customers to over 30,000 small, medium and large enterprises that supply products and services to its retail chains. Future Group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the group's core value of 'Indianness.' The group's corporate credo is, 'Rewrite rules, Retain values'.

ABOUT CIO AWARDS

CIO magazine has a long and proud tradition of honoring leading companies for business and technology leadership and innovations through its premiere award program – CIO100. Now in its 27th year in the USA, it is an acknowledged mark of enterprise IT excellence. It's a celebration of 100 organizations (and the people within them) that are using information technology in innovative ways to deliver business value, whether by creating competitive advantage, optimizing business processes, enabling growth or improving relationships with customers. Hosted in countries such as Canada, Sweden, Australia, Singapore, Vietnam, Hungary and India, the CIO 100 Awards is a truly global recognition. It is an acknowledged mark of excellence in enterprise IT. According to a survey by PR Week magazine, CEOs named CIO 100 among the top 10 most influential corporate scorecards anywhere, compiled by any publication or organization.

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