End-user of the year: Insurance ING INSURANCE

Risk Awards 2006

The insurance industry is no stranger to poor risk management. The challenges of risk-managing insurance and investment products are tough, and a failure to address the implicit optionality in the valuations of products such as annuities is still far from uncommon. For its commitment to tackling the thorny issue of market-consistent pricing and for beginning to make it fundamental to product design, ING Insurance wins Risk's Insurance Company of the Year Award.

According to Tom Wilson, a