A call to enter business awards
The IFC, a member of the World Bank Group, and The Financial Times have issued a call to African-based organisations/businesses to showcase their environmental, social and corporate governance initiatives that have made an impact on developing nations.
They have issued a call for applications to the FT/IFC Transformational Business Awards: Sustainable Solutions to Today’s Development Challenges.
The new awards build on the FT/IFC Sustainable Finance Awards established more than eight years ago to honour environmentally and socially responsible banking and investment.
They will recognise the use of technology to empower the poor and efforts to reverse environmental and social degradation.
Sara Clancy, IFC’s Manager for Sustainable Business Advisory Services, said: “IFC has seen a growing trend in Africa wheretransformation represents business opportunity.
“Companies are finding innovative ways to integrate social, environmental and corporate governance considerations in their operations, to help address Africa’s development challenges.
“Through this award, IFC and FT want to see African institutions recognised for putting sustainable practices to work, and set a positive example for future investors on the continent.”
The FT/IFC Transformational Business Awards will reward innovation, impact, replicability and commercial viability on a transactional basis across the following categories: Achievement in Project Finance (Infrastructure, Energy, Food/Water, Education & Health); Achievement in Information and Communications Technology; Achievement in Transformational Finance and Achievement in Inclusive Business.
The winners in each category will be announced at a special dinner at the InterContinental London Park Lane on June 12, 2014.
Entries are being accepted until March 30th, 2014. Entry forms and criteria will be available at www.ft-live.com/transformationalbusiness.
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector.
Working with private enterprises in more than 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and promote shared prosperity.
In FY13, its investments climbed to an all-time high of nearly $25 billion, leveraging the power of the private sector to create jobs and tackle the world’s most pressing development challenges. For more information, visit www.ifc.org.
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.