Union Assurance, Sri Lanka’s premier Life Insurer, has taken a significant step in empowering the nation’s future business leaders by signing a Memorandum of Understanding (MOU) with the Faculty of Management Studies at the University of Sabaragamuwa of Sri Lanka. This partnership builds on its collaborations with leading academic institutions, including the University of Wayamba, the University of Sri Jayewardenepura and the University of Kelaniya, reaffirming Union Assurance’s commitment to nurturing Sri Lanka’s youth and preparing them for the evolving business landscape.
The MOU signing ceremony, held at the University of Sabaragamuwa of Sri Lanka, was attended by key representatives from both Union Assurance and the university, including Nisansala Paranayapa, the Chief People Officer at Union Assurance as well as W.K.A.C. Gnanapala, the Acting Vice-Chancellor at the university. This collaboration will focus on several impactful initiatives, including knowledge-sharing sessions, training programmes for entry-level professionals and internship opportunities for students, continuing its commitment to shaping Sri Lanka’s workforce and fostering long-term growth for the nation.
Commenting on the significance of the partnership, Nisansala Paranayapa, the Chief People Officer at Union Assurance, stated, “At Union Assurance, we are deeply committed to the growth and development of our people. This commitment extends to the youth of Sri Lanka, who will play an instrumental role in shaping the future of the nation’s business landscape. By collaborating with the Faculty of Management Studies at the University of Sabaragamuwa of Sri Lanka, we are creating meaningful opportunities for students to enhance their skills and gain real-world experiences, empowering them to become the leaders of tomorrow.”.
Union Assurance is a subsidiary of John Keells Holdings PLC (JKH), the largest conglomerate listed on the Colombo Stock Exchange, operating with over 80 companies in 7 diverse industry sectors. The Company has completed over three decades of success with a Market Capitalisation of Rs. 27.8 Bn and a Life Fund of Rs. 74.7 Bn as of end September 2024. Set to protect lives and enrich the well-being of all Sri Lankans, Union Assurance offers Life Insurance solutions that cover the health, investment, protection, retirement and education needs of Sri Lankans. With an island-wide branch network and a workforce that is over 3000-strong, Union Assurance continues to invest in people, products and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.
