HNB Assurance PLC was awarded the “Best Life Insurance Company – Sri Lanka” title at the 4th Emerging Asia Insurance Awards 2023 organized by the Indian Chamber of Commerce (ICC). This marks the second consecutive year that HNB Assurance has secured recognition from the ICC, underlining the company’s consistency in providing top-notch life insurance services.
Chairperson of HNB Assurance PLC, Mrs. Rose Cooray expressed her delight in HNB Assurance’s consecutive recognition as the “Best Life Insurance Company – Sri Lanka. She stated, “To close out the year with such an exceptional award is truly remarkable. It speaks volumes of the amazing work carried out by the HNBA Team throughout the year and reflects on our commitment as an organization to providing unparalleled life insurance services. As a company, our strategic vision coupled with our innovative products and distribution channels have played a pivotal role in achieving this milestone. I extend my heartfelt congratulations to the entire team at HNBA for their efforts. This accolade is a testament to our collective pursuit of excellence and I am confident that we will continue to set new benchmarks in the insurance industry, in 2024 as well.”
Mr. Lasitha Wimalaratne, CEO of HNB Assurance, echoed similar sentiments on the company’s achievement, stating, “We are thrilled to be honored as the Best Life Insurance Company in Sri Lanka for the second consecutive year. This recognition is a testament to our team’s dedication and innovative spirit in navigating the dynamic landscape of the insurance industry.”
The award not only underscores HNB Assurance’s commitment to delivering exceptional life insurance solutions but also highlights the company’s consistent efforts to be at the forefront of the industry, enabled by, investing in innovative approaches to better serve its customers and upholding its reputation as a trusted insurance provider.
Mr. Wimalaratne emphasized, “Our success is not just about winning awards but a reflection of our enduring commitment to our policyholders. We have proved ourselves as an innovator in the insurance sector, seeking new avenues for distribution in terms of online products, virtual/incubator branches etc., ensuring that our services reach customers effectively. These efforts have not only helped us penetrate the market but has also positioned us as a forward-thinking company, especially during the past couple of years.”
HNB Assurance has demonstrated remarkable financial performance with exceptional GWP growth, Life Fund growth, showcasing the company’s stability and resilience in the market. This consistency further reinforces the confidence of customers, partners and stakeholders in HNB Assurance’s ability to deliver on its promises.
“We have consistently strived to raise the bar in terms of financial performance and our growth in our Gross Written Premium (GWP) and our Life Fund, over the past two years, is a testament to the exceptional work of our team. These numbers are very important for us because it helps us honour our commitment to our policyholders, which is a very important element of our business, also, that is where trust and persistence is built upon. My sincere thanks to the ICC for this recognition, I’d like to dedicate this award to my incredible team for all their hard work,” elaborated, Mr. Wimalaratne.
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.
Image – Mr Lasitha Wimalaratne, CEO HNB Assurance.
