Allianz Insurance Singapore wins three Asia Consumer Insurance Awards
Allianz Insurance Singapore secured three honours at the Asia Consumer Insurance Awards 2026 reinforcing its corporate commitment to protect local policyholders against emerging regional risks and market uncertainties
In a significant achievement, Allianz Insurance Singapore Pte. Ltd. has been honored with three awards at the Asia Consumer Insurance Awards 2026. The accolades include Best EV Insurer, Innovative Personal Lines Product for Allianz Cyber Protect, and Outstanding Leader, Personal Lines for CEO Hicham Raissi. These victories underscore the company's strategic focus on safeguarding Singaporeans against the risks they face today, rather than those of the past.
Allianz has been providing insurance for electric vehicles since 2021, launching the Allianz Electric Motor Protect plan tailored to EV owners. The popularity of this coverage has surged, with policy volumes tripling year-over-year as more drivers opt for protection aligned with their driving habits. This early dedication to electric mobility has facilitated a subsequent milestone: Allianz became the insurer for Singapore's inaugural fully autonomous vehicle in 2025. Since then, the insurer has supported the country's first autonomous public ride service.
The company's commitment to protecting Singaporeans in the digital realm is evident in its Allianz Cyber Protect plan. Developed through a partnership with a bancassurance provider, this policy reimburses financial losses from scams such as phishing and smishing, as well as transactions made using stolen credentials or compromised payment methods, with coverage up to S$60,000 annually. It also includes Shopping Protection for online purchases that are either undelivered, defective, or incorrect.
Recognizing the need for accessible protection, Allianz also introduced Allianz Scam Protect, which offers similar comprehensive coverage and is more readily available to the general public through www.allianz.sg and its distribution channels. The leadership of Hicham Raissi has been pivotal in driving Allianz Insurance Singapore's growth and diversification across motor, commercial, and personal lines, emphasizing innovation and addressing emerging risks before they become mainstream.
Raissi's Outstanding Leader award at the Asia Consumer Insurance Awards 2026 serves as a testament to his vision and leadership. "Our job is to stay ahead of the risks Singaporeans face — whether that's on the road, online, or in a driverless vehicle," Raissi stated. These awards recognize the collective efforts of the entire Allianz team, with more achievements anticipated.
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