Lasitha Wimalaratne Appointed as Deputy Chief Operating Officer of HNB Assurance PLC

HNB Assurance PLC (HNBA) announced the appointment of Lasitha Wimalaratne as its Deputy Chief Operating Officer recently. With professional experience of over 21 years, of which over 18 years in Life Insurance Operations, Lasitha has held many key positions in both local and internal organizations including 07 years at AIA Insurance Sri Lanka and 03 years in Sales & Marketing exposure in London. Prior to his current appointment, Lasitha served Softlogic Life Insurance PLC in the capacity of General Manager and Specified Officer overlooking 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 has served several Honorary titles, including the Honorary Vice President of the Sri Lanka Insurance Institute (SLII). He is also a Council Member of the Association of Chartered Insurance Professionals (ACIP) of Sri Lanka and was the Founder Secretary General of ACIP Sri Lanka.

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.

***

Dinuka Pattikiriarachchi Appointed as Chief Human Resources Officer of HNB Assurance PLC & HNB General Insurance Limited

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) announced the appointment of Dinuka Pattikiriarachchi as HNBA Group’s Chief Human Resources Officer.

Dinuka holds a Master of Business Administration (HR Special) Degree from the University of Colombo. He holds an Asian Personnel Manager Certification from NICC, Japan and also holds a National Diploma in Human Resources Management from Institute of Personnel Management, Sri Lanka.

Dinuka counts over 25 years of experience of which 19 years in the field of Human Resources Management working at many organizations. He started his professional career at Habib Bank AG Zurich and then continued at MAS Linea Aqua Private Limited and Ceylon Pencils Private Limited. Prior to join HNBA he was functioning as the Senior Manager Human Resources at Nestlé Lanka PLC for more than 07 years.

***

HNBA Group Steps into the 2nd Year of ‘Vision 2020’

HNB Assurance PLC (HNBA) and its fully owned subsidiary, HNB General Insurance Limited (HNBGI), welcomed the new year at a simple ceremony where Managing Director/CEO, Mr. Deepthi Lokuarachchi and the EXCO articulated the deliverables and outcomes that are part of its ‘Vision 2020’ and has been crafted with the sole aim of setting new benchmarks and standards in the industry and envisages in reaching new milestones in its journey.

Sharing his thoughts on the journey of HNBA Group during 2018, Managing Director/CEO of HNBA and HNBGI Mr. Deepthi Lokuarachchi stated “2018 has been a challenging year across the industry. Despite several external market challenges, HNBA Group was able to uphold its market share as well as to yield a considerable growth during the year. Several collective key decisions were made for the betterment of the industry as well as to adapt to the changing landscape of the Sri Lankan insurance industry”.

Speaking on ‘Vision 2020’, Mr. Lokuarachchi added, “Insurance as a key industry in the financial services market is a significant contributor for the wellbeing of individuals and businesses. The needs of individuals and businesses keep changing, it is important for our core business model to adapt to these changes in order to understand and cater to the needs of individuals and businesses. ‘Vision 2020’ was engineered considering all these aspects and it focuses in delivering superior returns to all internal and external stakeholders of the Group in a revolutionary, sustainable and a responsible manner through a revolution in its people, processes and products. The Group envisions in setting new benchmarks in growth, customer service, employee and advisor satisfaction, efficiency, shareholder value creation and ethical conduct”.

***

HNB Assurance Wins Big at CA Annual Report Awards

HNB Assurance Group bagged another Gold Award for its 2017 Integrated Annual Report, themed ‘The Winning Formula’. The HNBA Group seized this top most award in the Insurance Companies Category at the 54th Annual Report Awards Ceremony, organized by the Institute of Chartered Accountants of Sri Lanka.

Sharing his views, Managing Director/CEO of HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI), Mr. Deepthi Lokuarachchi stated “the annual report of an entity is the single most important document and is a vital part of a company’s integrative communications process. Every annual report presents an opportunity to communicate the strategic direction, financial position and values of the company to all stakeholders.  Over the years, HNBA Group has won many honors for its integrated annual report and as a business in the financial market, the annual report of the Group ensures transparency, sustainable reporting and good governance” Mr. Lokuarachchi further added, “we are indeed pleased to be recipient of this year’s Gold Award and this is a testament to the Group’s efforts in setting new benchmarks in corporate reporting”.

Chief Financial Officer of HNBA and HNBGI Mr. Indika Perera thanked the project team stating, “this is another successful outcome of a dedicated team of passionate individuals working determinedly in completing the Group’s Annual Report. This accolade recognizes the commitment and dedication of the project team and the Group is pleased on the efforts of the project team”.

***

Investing on Insurance is the Perfect Remedy…

Insurance is a promise built on a concrete of mutual understanding and trust. Here are some reason why insurance is important.

Insurance grants peace of money

Insurance, an intangible where you can`t see or touch, provides another intangible: peace of mind. Company holders can take on certain business deals because they can transfer the risks- thanks to insurance. Insurance is the appropriate safety cob web that allow entrepreneurs investigate opportunities.

Insurance is the safeguard of family and business stability

Safety cob web when risks go wrong. Life insurance can guide the life of a family, should a member be lost. It is more likely to be similar for a business. A member or a machinery should go out of task, the company can move on forward, thanks to insurance. It all goes back to the idea that insurance, when turning on makes policyholders whole again.

Increases economic growth

Insurance develop a symbolic impact on the economy by mobilizing domestic provisions for future. Insurance converts the gathered capital into beneficial investments. Insurance helps to reduce loss, the financial balance, advance trade and commerce activities. This will make an increment in the economic growth and expansion. Thus insurance plays a vital role in sustainable advancement of the economy.

Life insurance promotes savings

Insurance does not only save against risks, but also act as an investment channel. This facilitate a processed saving due to payment of regular premium. Simply it is a form of investment. Insurance will grow a habit of investing money by paying to the insurance company.

***