Union Assurance, Sri Lanka’s premier Life Insurer, continues its commitment to enriching the well-being of all by entering a Memorandum of Understanding (MOU) with the Department of Finance at the University of Kelaniya. This partnership is the latest addition to the Company’s ongoing efforts to empower the nation’s future leaders, building upon its collaborations with the University of Wayamba and the University of Sri Jayewardenepura.
The signing event at the University of Kelaniya was attended by senior management from both Union Assurance and the university, including Nisansala Paranayapa, the Chief People Officer at Union Assurance; Senior Professor Nilanthi De Silva, the Vice-Chancellor at the University of Kelaniya and Professor Bandara Wanninayaka, the Dean of the Faculty of Commerce and Management Studies at the university.
This partnership outlines a comprehensive range of initiatives focused on knowledge sharing, including specialised training programmes for entry-level positions as well as internship opportunities for university students. These initiatives aim to empower future leaders in the sector by equipping them with the essential skills and experience that are vital to succeed in a competitive landscape.
Nisansala Paranayapa, the Chief People Officer at Union Assurance, stated, “At Union Assurance, our organisational ethos is firmly rooted in training and development. We believe in the transformative power of upskilling our employees to ensure we continue delivering the highest quality of service. In this same spirit, we recognise the critical importance of upskilling the youth of our nation, as they will play a vital role in shaping Sri Lanka’s future business landscape. We are therefore delighted to formalise our partnership with the University of Kelaniya. Our dedication to this partnership, along with our ongoing initiatives, affirms our commitment to empowering the next generation of professionals”.
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.
