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Annual Report of HNB Assurance PLC Bags “Best of Sri Lanka” Award at the World’s Largest Annual Report Competition I Sri Lanka Latest Business News

October 25, 2023
in Business
Reading Time: 13 mins read
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Annual Report of HNB Assurance PLC Bags “Best of Sri Lanka” Award at the World’s Largest Annual Report Competition  I Sri Lanka Latest Business News
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HNB Assurance PLC achieved a remarkable milestone by clinching the coveted “Best of Sri Lanka” award at the 37th Annual International ARC Awards, recognized as the world’s largest and most prestigious competition for annual reports, held in New York. This significant achievement underlines the company’s commitment to excellence in corporate reporting.

The Annual International ARC Awards, honors organizations worldwide for their exceptional annual report publications setting the benchmark of annual reports. HNB Assurance’s recognition of the all-encompassing ‘Best of Sri Lanka’ award, spanning across every sector, resonated with the very essence of its Annual Report’s theme, ‘Above All, We Rise’ underscoring the company’s relentless pursuit of excellence and our ability to surpass every challenge.

Mr. Lasitha Wimalaratne, CEO of HNB Assurance, expressed his delight at this accomplishment, stating, “I’m extremely proud of this recognition, to be named as the ‘Best of Sri Lanka’ across all sectors is definitely no easy task, especially when you are up against  companies of all scales in the county. This award reflects our dedication to transparency and our commitment to providing clear and comprehensive report to our stakeholders, in a creative manner. This achievement certainly highlights the hard work and diligence of our entire team. My sincere appreciation to both our internal teams as well our agency partner Emagewise Pvt Ltd.”

CEO of HNB General Insurance, Mr. Sithumina Jayasundara, sharing similar sentiments opined, “Our journey at HNB Assurance Group has always been marked by our commitment to provide the best for our stakeholders, be it our customers, shareholders, employees or the communities we serve. This award for the 2022 annual report reaffirms our belief and motivates us as a group to continue on this journey where we strive towards excellence. I extend my heartfelt congratulations to all the teams involved for their exceptional efforts in elevating the HNBA group to be recognized as the ‘Best of Sri Lanka’.

Ms. Punsirini Perera, CFO of HNB Assurance, emphasized the importance of transparent financial reporting, saying, “Trust is the cornerstone of the insurance industry. You can only be successful as a company when you earn the trust of your stakeholders. Being transparent helps you earn this trust and we have always believed in delivering financial reports that not only meet regulatory requirements but also engage and inform our shareholders, whereby earning their trust. I am very grateful to our team and to Emagewise for their tireless efforts which helped us earn this prestigious recognition.”

HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 64 branches. HNBA is a Life Insurance company with a rating of ‘A-‘ (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNB General Insurance has been assigned a ‘National Insurer Financial Strength Rating’ of ‘A-‘ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place To Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.

Lasitha Wimalaratne – CEO, HNB Assurance

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