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CFI.co Spring 2020

Page 98

> SEGURCAIXA ADESLAS: BEST INSURANCE SPAIN 2020

SegurCaixa Adeslas is the non-life insurance company with the best track record in Spain in recent years, thanks to a strategy focused on profitable growth. It is the country’s leading Health insurance company, forming part of the Mutua Madrileña Group, and CaixaBank is one of its shareholders. It also ranks #1 for Accident insurance and #2 for Household insurance. Motor, Death and Liability insurance are also among its main lines of business. The company’s greatest strength is its sales network, backed by both CaixaBank’s banking channel and the traditional insurance channels. SegurCaixa Adeslas is the company preferred by businesses for their employees’

healthcare. Its market share in this segment is 42.8%, confirming Health insurance as the most highly valued company benefit by the workers and one of the best means of achieving customer loyalty. More than 60% of the companies in the Ibex 35, Spain’s benchmark stock market reference index, have an employee Health insurance policy with SegurCaixa Adeslas. Committed to providing a high-value personalised service for policyholders, the company is developing an ambitious technology transformation plan to offer increasingly agile, accessible services. One of its most prominent initiatives is Adeslas Health and Wellbeing, a

digital platform that helps its customers look after their health and increases their involvement in prevention and improving their quality of life. With over 5.6 million health and dental policyholders, it has 1,240 of its own and chartered medical centres and contracts with 216 private hospitals. Adeslas’ list of medical professionals is the longest in Spain, with more than 43,000. It also ranks very highly (with over 50% of the market share) for dental care, for which it also has a network of 194 of its own clinics. The CFI.co judging panel declares SegurCaixa Adeslas as winner of the 2020 award for Best Insurer (Spain).

Welltec was founded in 1994, but the idea behind the robotic well solutions business had been percolating for much longer. As part of a university thesis project, founder and CEO Jørgen Hallundbæk pioneered the technology that would transform the oil and gas industry — and form the basis of a multinational business with a workforce of nearly 1,000 professionals in 50 countries. Welltec operates with an entrepreneurial can-do mindset, constantly assessing situations and trends. Sustainability is a core component of its corporate strategy and the company has been engaged in the fight against climate change for the past

25 years. Safety and environmental protection are paramount at Welltec, with an advanced IT infrastructure and continuous training central to this focus. The company partners with clients to provide intervention and completion solutions supporting the well construction and production phases for oil and gas operators, while reducing carbon footprints. More recently, the company has looked to renewables and has adapted its technology to support Geothermal operators too. Welltec attracts top talent to take innovation from crude concepts to market breakthroughs in record time, and its

achievements are deployed by a truly international operations organization across the world. The Welltec team develops and manufactures everything in-house — from equipment to spare parts — so clients can be assured of Welltec’s exacting standards of quality and safety. This leader in the energy industry anticipates the global market to yield significant growth over the coming year. For its role in climate change transitions for the energy industry, the CFI.co judging panel presents Welltec with the 2020 award for Most Innovative Technology Solutions (Europe).

> WELLTEC: MOST INNOVATIVE TECHNOLOGY SOLUTIONS EUROPE 2020

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BP PLC: BEST ESG OIL & GAS OPERATOR GLOBAL 2020

Global oil and gas giant BP is embracing the opportunity to restructure its business model. It has pledged to “reimagine energy” on a quest to reach net-zero emissions by 2050. The company is being reinvented, with fresh leadership and a four-core focus: production and operations, customers and products, gas and low-carbon energy, and innovation and engineering. Each group collaborates with three integration teams to realise the environmental goals. The new management structure eschews 98

top-down leadership in favour of round-table collaboration. Integration teams specialise in strategy and sustainability, trading and shipping, regions, cities and solutions. BP enablers provide expertise in finance, legal affairs, communication and advocacy, culture and people. CEO Bernard Looney has set the controls for a net-zero future, and pledged to keep BP “performing while transforming”. BP aims for methane measurement at all their major oil and gas processing sites by 2023, CFI.co | Capital Finance International

transparent reporting and 50% reduction in their operated methane intensity. The company will also reframe relationships with trade associations, and incentivise employees to deliver on their aims and advocate for net zero. BP plans to increase its proportion of investment into non-oil and gas. The CFI. co judging panel approves of the company’s reinvention, and presents BP plc with the 2020 award for Best ESG Oil & Gas Operator (Global).


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