Union Assurance, Sri Lanka’s longest-standing private Life Insurer, was honoured on the global stage at the 6th Emerging Asia Insurance Conclave & Awards 2025 in Bangkok, Thailand, securing wins across three prestigious categories. Organised by the Indian Chamber of Commerce (ICC), the event brought together leading insurance companies from across Asia to recognise outstanding achievements in innovation, leadership, sustainability, and inclusive insurance solutions.
The Company was recognised as the Joint Winner of the Best Life Insurance Company of the Year for the second consecutive year, the Joint Winner for Best Strategies for Insurance Coverage of the Year, and the Joint Winner for its contribution to Women in Insurance Leadership. These accolades benchmark its value‑centric strategies, strong performance, and continued commitment to advancing gender empowerment within the insurance sector.
Commenting on the achievements, Chief Executive Officer of Union Assurance, Senath Jayatilake, stated, “These wins mirror our relentless commitment to redefining Sri Lanka’s Life Insurance sector, strengthening our position as a world‑class Life Insurer dedicated to raising industry standards. Guided by a deep responsibility to protect what matters most, we support individuals and families to move forward with confidence by leveraging advanced technology and enhanced digital capabilities to deliver modern, personalised Life Insurance solutions that evolve with our customers’ needs.”
He further added, “At the heart of our progress is a culture that truly champions a progressive DE&I vision across the organisation; one that has not only surpassed standards within our own sector but has also set a benchmark for the wider private sector in Sri Lanka. A clear example of this is the introduction of the 100‑day equal parental leave policy under our John Keells ethos, a pioneering initiative that redefines workplace inclusivity. This initiative, along with multiple others spanning learning, development, and workplace engagement, reflects our commitment to creating opportunities for growth, leadership, and personal advancement across all roles.”
Union Assurance is a subsidiary of John Keells Holdings PLC (JKH), the largest conglomerate listed on the Colombo Stock Exchange, operating over 80 companies across seven diverse industry sectors. The Company has completed more than three decades of success, with a Market Capitalisation of Rs. 46.2 Bn and a Life Fund of Rs. 91.1 Bn as of end‑September 2025. Dedicated to protecting lives and enabling progress for all Sri Lankans, Union Assurance offers Life Insurance solutions that cater to health, investment, protection, retirement, and education needs. With an island‑wide branch network and a workforce of over 3,000, the Company continues to invest in people, products, and processes to remain responsive to emerging industry trends.
Union Assurance PLC is licensed by the Insurance Regulatory Commission of Sri Lanka (IRCSL).
