HNB Assurance Recognizes its 75 MDRT Qualifiers of 2019.

HNB Assurance PLC (HNBA) produced 75 qualifiers for the prestigious Million Dollar Round Table Conference (MDRT) in the United States of America, including 1 Top of the Table qualifier (TOT) and 3 Court of the Table (COT) qualifiers. The achievement holds great significance as this is the highest number of MDRT and COT achievers the Company has produced.

Commending the winners, Chief Executive Officer of HNBA and HNB General Insurance Limited (HNBGI), Mr. Prasantha Fernando stated, “This inspiring team of individuals have set a benchmark in the industry today, also showcasing great resolve in the act of broadening one’s professional career development. I believe that career-shaping achievements of this nature not only strengthens the Company’s Sales Force, but also sets an excellent example for our youthful beginners to stay true to their values and goals in life. Whilst congratulating all the winners, I would like to extend my sincerest gratitude towards all who made this possible”.

Chief Operating Officer and Principal Officer of HNBA, Mr. Lasitha Wimalaratne expressed his words of appreciation stating, “These qualifiers have taken an uphill battle, demonstrating exceptional professional skills, product knowledge and ethical conduct in the run up to achieving the MDRT recognition. I’m indeed thankful for the support of the Distribution Management Team, Training Team and especially the Bancassurance team for their great efforts that set course for this great win”.

HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 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.

HNB Assurance PLC Group Records a Significant Growth in 1H20

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) recorded a Profit After Tax (PAT) of LKR 500 MN during 1H 2020, depicting a steady growth amidst the outbreak of a global pandemic.

Speaking on the financial performance of the Group, Chairperson of HNBA and HNBGI, Mrs. Rose Cooray stated, “it is indeed a great pleasure to announce that HNB Assurance Group has achieved a significant PAT growth compared to the corresponding period of the previous year following an economic downturn caused by the outbreak of a global pandemic. Through the tireless efforts, our teams successfully navigated the challenging environment to deliver a noteworthy performance. The Life Insurance business recorded a PAT of LKR 176 MN showcasing a growth of 25%. The profit does not include any surplus transfer from the Life Fund. The General Insurance business recorded a PAT of LKR 323 MN depicting an impressive growth of 120%. These results reiterate the resilience of our sustainable core business model and the Group’s undivided focus in capturing market segments with growth potential. The unprecedented challenges arising from the COVID-19 outbreak together with other adverse global and market conditions have created a challenging backdrop which businesses around the globe are currently experiencing; but with the strategies of the Management together with the dedication of the staff members of HNBA and HNBGI and the Advisor Force, I’m sure we could overcome this uncertain turbulence”.

Sharing his views on the performance of the Group, Chief Executive Officer of HNBA and HNBGI, Mr. Prasantha Fernando stated, “HNBA Group delivered outstanding financial results amidst a number of macro-economic challenges presented during a global crisis. In a market backdrop where most businesses succumbed its profits to the outbreak of COVID-19, HNBA Group has delivered a notable performance. The Group recorded a Gross Written Premium (GWP) of LKR 4.5 BN. The investment income of the Group surpassed LKR 1.2 BN and the total assets of the Group surpassed LKR 29 BN. The Group has taken swift and effective measures and has adapted various agile initiatives following the COVID-19 outbreak, including enhancing its digital selling portals and claims settlement platforms. It is noteworthy to mention that the Life and General Insurance Funds surpassed values of LKR 15.7 BN and LKR 2.9 BN respectively reaffirming the Group’s firm footing”. Mr. Fernando further added, “the Management is thankful for the commitment and dedication of all employees during these trying times. The Management remains confident that together with the diversified business strategies the Group will be able to sustain its continuous growth and deliver value to all stakeholders”.

HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 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.

HNBA and HNBGI Relocates Branch in Embilipitiya.

HNB Assurance PLC (HNBA) and its fully owned subsidiary, HNB General Insurance Limited (HNBGI) announced the relocation of its Branch in Embilipitiya recently. The ceremonious occasion was graced by the presence of its Chief Guest, CEO of HNBA and HNBGI, Prasantha Fernando, accompanied by the senior members of the management in HNBA and HNBGI as well as other distinguished guests.

Speaking at the event, CEO of HNBA and HNBGI, Prasantha Fernando articulated, “The Company holds a long-standing relationship of togetherness with its customers in Embilipitiya, providing them all-inclusive protection and the value of fringe benefits one can experience through the service of insurance to protect their belongings and those who are dear to them . Dedicated to serving this cause, today’s momentous occasion demonstrates the Group’s continued commitment towards giving our best to customers, in fulfilling their insurance needs. Whilst the Company is focused on actively undertaking the many service enhancement initiatives, it has been our notion that cutting edge facilities would deliver greater service satisfaction, and in turn would make a ‘happy customer’. Thus, it is no doubt that this Branch will drive greater levels of service excellence, further contributing to the Company’s value creation framework”.

Sharing his views, Chief Operating Officer and Principal Officer of HNBA, Lasitha Wimalaratne stated, “This Branch would fortify an already strong customer servicing attribute of the Group, fostering streamlined service delivery between our invaluable customers and staff. Therefore, I am sure the commitment of our staff would nurture our singular aim towards industry best, and achieve the many milestones of excellence for a successful future of HNBA and HNBGI”.

Chief Operating Officer and Principal Officer of HNBGI, Sithumina Jayasundara expressed his views stating, “Strong and stable branch operations within our General Insurance business is a key pillar of business growth. This new facility is a strong testament for our firm stand within the market, also assisting our business goals in challenging times”.

HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 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 and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and SAFA (South Asian Federation of Accountants).

HNBA Group Recognizes Staff Ceremonially, in Keeping with Health Guidelines.

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) recently concluded its Chairman’s and Long Service Awards Ceremony 2020 at the Taj Samudra, Colombo. Held in celebration of staff excellence, the event was attended by a limited number of guests as set out by the Company in adherence to all health and safety guidelines. This special occasion was joined by the members of the Senior Management of HNBA and HNBGI and other distinguished guests, to present and witness the crowning of 12 Chairman’s Award Winners and 08 Long Service Award Winners.

Expressing views on the event, Chief Executive Officer of HNBA and HNBGI Mr. Prasantha Fernando stated, “Operating amidst concerning times in terms of both, health and the economy, the Group has chartered its way through to confidently address many of its business pillars including stakeholder value creation and employee wellbeing as part of the Company’s drive towards industry excellence. Celebrating achievements, winning spirit and talents in this setting is a challenge, and yet we have come together to admire and reward the laudable efforts of our very fellow staff members as their immense dedication is core to the Group’s success. This is also evident by the Group’s recent Great Place to Work® certification. Furthermore, we firmly believe that tapping the capacity and contribution of our professional staff members to guide and equip them with skills and knowledge for their individual career development is primary in our advancement, and would also assist our market stand remain deep-rooted. I extend my heartiest wishes to the Winners and wish them all the very best in their future endeavors”.

Sharing his thoughts, Chief Human Resource Officer of HNBA and HNBGI Mr. Dinuka Pattikiriarachchi stated, “Recognizing and appreciating the value of an exceptional employee should not be determined upon the overall performance standards of a company, nor the favorability of the economic outlook posed by a particular year. It is a blunt fact that the COVID-19 Pandemic had brought about a challenging state over business, staging an inflexible uphill battle to reach pre-pandemic growth rates. Nevertheless, we as an organization stand firm in our commitment to nurture a great place to work in which employee recognition is an essential part in our way of life”.

Speaking further, Mr. Pattikiriarachchi stated, “This occasion is one such event in our employee calendar in which we stood not to divest from the said grounds. It is indeed in times such as this, that employers are required to ‘walk the talk’ for their most important asset, the inner public, the go-getters.  I am gladdened, and am sure that this ceremony was a reward for the past, and an investment for the future.”

HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 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 Insurer 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. 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 and also won many awards for its Annual Reports at the Award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and SAFA (South Asian Federation Accountants).

 

Lasitha Wimalaratne Promoted as Chief Operating Officer and Principal Officer of HNB Assurance PLC

HNB Assurance PLC (HNBA) announced the promotion of Lasitha Wimalaratne as its Chief Operating Officer and Principal Officer with effect from 21st July, 2020. Lasitha who joined HNB Assurance as Deputy Chief Operating Officer on 4th March, 2019 was instrumental in developing revolutionary products such as PrivilegedLife and SupremeHealth Benefit which took the industry by storm. His strategic direction has contributed to the growth of the Company in several ways. Under his guidance HNBA recorded a New Business Premium growth of 27% in 2019 and produced 75 Million Dollar Round Table Qualifiers.

With professional experience of over 22 years, of which over 19 years in Life Insurance Operations, Lasitha has held many key positions in both local and international entities including 07 years at AIA Insurance Sri Lanka and 03 years in Sales & Marketing exposure in London. Prior to his appointment at HNBA, Lasitha served Softlogic Life Insurance PLC in the capacity of General Manager and Specified Officer overseeing Life Operations.

Having graduated from the University of Sunderland, UK with a Bachelor of Arts Degree in Business Studies, Lasitha obtained his Master of Business Administration Degree from the University of Wales, UK. A Chartered Insurer and a Fellow Member of the Charter Insurance Institute, UK (FCII), Lasitha is also a Fellow Member of the Australian and New Zealand Institute of Insurance and Finance (AZIIF-Fellow) and an Associate Member of the Chartered Institute of Marketing, UK (ACIM).

Lasitha is the current Honorary President of the Sri Lanka Insurance Institute (SLII) and has been serving SLII as a Council Member since 2011. He was also the Founder Secretary General of the Association of Chartered Insurance Professionals (ACIP) and is a current Council Member of ACIP. Lasitha has been a part of several local and international Insurance Seminars and has been a Guest Speaker and a Panelist at several Conferences including the Insurance Claims & Underwriting Management Asia Summit 2017 which was held in Singapore and he was the first to publish a book on insurance in a local context, titled “Jeewitha Rakshanaye Asisriya” which highlights the importance and benefits of Life Insurance.

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