Highfliers Hailed at the 12th HNB Assurance Sales Convention

HNB Assurance PLC (HNBA) felicitated the bright-sparks of its Sales Force at the 12th Sales Convention held recently at the Hilton Colombo.  The eagerly anticipated night of the Company’s event calendar was graced by the presence of Mrs. Rose Cooray as Chief Guest, the Board of Directors of HNBA as well as the Management of both HNBA and its fully owned subsidiary HNB General Insurance Limited (HNBGI).

Sharing her thoughts on this day of celebration, Chairperson of HNBA and HNBGI Mrs. Rose Cooray stated “Tonight we celebrate the breakthrough performance, the enthusiasm and the go-getter spirit of our Sales Force. The Sales Force has been a significant stake of the Company since its inception and has delivered an extraordinary performance in 2016, immensely contributing to the growth of the Company. I’m extremely pleased at the outcome of their commitment, dedication towards constantly striving to raise the bar further”.

Sharing his thoughts on this celebratory night, Managing Director/Chief Executive Officer of HNBA and HNBGI Mr. Deepthi Lokuarachchi stated “Throughout its journey of 15 years, the Company has showcased its strength and stability by yielding significant results. The Sales Force has contributed substantially to the growth of the Company by capturing new market segments, as well as by seizing the existing market gaps in a challenging industry. Tonight we celebrate the accomplishments of the crème of the Sales Force including forty one Million Dollar Round Table (MDRT) qualifiers, one Court of the Table (COT) qualifier and one Top of the Table (TOT) qualifier and I’m delighted to laud those individuals who have gone that extra mile to realize achievements such as these”.

Speaking on the performance and on the future outlook, Chief Operating Officer of HNBA Mr. Prasantha Fernando stated, “The devotion the Sales Force has in no small measure helped the Company to grow over the years to the stature and stability that it has achieved to date. These results have created a favorable mindset amongst our Sales Force in this highly competitive market, and regardless of the obstacles, I’m sure the achievements of the Sales Force of HNBA will continue to grow from strength to strength as a result of their resolve to succeed”.

The 12th HNBA Sales Convention honored 225 Advisors under categories of Bronze, Silver, Gold and Super Gold. Amongst those golden trophies were the accolades for the Best Service Center, Best Zonal Manager, Best Cluster Manager, Best Regional Office Manager, awards for MDRT, COT and TOT qualifiers. The top awardee of the night was Ms. U. K. K. C. Silva who was awarded as the Best Sales Person of the Year.

Another specialty of the night was the tokens of appreciation presented to several artists of the golden era, acknowledging their contribution to enlighten the entertainment industry of Sri Lanka. Accordingly the acknowledged artists were Mr. Prince Udaya Priyantha, Mr. Berty Gunethilake, Mrs. Chandrani Gunewardena and Mr. Piyadasa Athukorala.

Image Caption: L-R: HNBA and HNBGI Managing Director/CEO Mr. Deepthi Lokuarachchi, HNBA and HNBGI Chairperson Mrs. Rose Cooray, HNBA Best Sales Person of 2016 Ms. U. K. K. C. Silva, HNBA Chief Operating Officer Mr. Prasantha Fernando, HNBA Chief Business Officer Mr. Ivan Nicholas and HNBA Zonal Head Mr. Hiran Fernandopulle.


Things you should do after a flood

Here are some useful tips to take care of yourself, your loves ones and your property after a flood.

  • Make sure you have permission from emergency officers/authorities to get back inside your house.
  • Ensure that the sounding environment has cleared and it is safe to move in back to your property. Lookout for any safety warnings from authorities
  • Keep all power and electrical appliance switched off until the house is cleaned up properly. Make sure the property is well inspected by a qualified electrical personnel and confirms that it is safe to relocate.
  • Make sure you have photographs, or a record of all the damage, as it may be needed for insurance claims.
  • Clean the entire home, together with all the objects in it very well before you use them again. They may be contaminated. Use antibacterial solutions and disinfectants to clean every object in the house.
  • Wear appropriate gear (mask and gloves) before cleaning begins.
  • Keep children away until the property is entirely cleaned.



Deepthi Lokuarachchi Becomes the Managing Director/Chief Executive Officer of HNB Assurance PLC and HNB General Insurance Limited

Deepthi Lokuarachchi, Chief Executive Officer of HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) was appointed to the Boards of HNBA and HNBGI as Managing Director recently. The appointment is made subject to the approval of the Insurance Board of Sri Lanka. Mr. Lokuarachchi now functions as the Managing Director/Chief Executive Officer of both Companies.

Mr. Lokuarachchi is an old boy of Trinity College, Kandy. Having obtained his Law degree (LL.B) from the University of Colombo, he was enrolled and admitted as an Attorney-at-Law in 1996. He obtained his Associate Membership of the Chartered Insurance Institute, UK and the status of a Professional Chartered Insurer in 2004. As of recent times, his professional status was converted to that of a Chartered Insurance Risk Manager.

Mr. Lokuarachchi counts over two decades of professional experience in the fields of general management, distribution and risk management and overall operations management.  His career began at Eagle Insurance in 1993. During his tenure with the company he held various key positions culminating in 2007/2008 as General Manager, Distribution and Risk Management. Climbing up the corporate ladder, he then joined AIG Insurance Limited Sri Lanka in 2008 and served for a period of 3 years and bade farewell in 2011 as the Deputy Chief Executive and the Chief Operating Officer in charge of the Sri Lankan and Maldivian operations. His last two appointments included the appointment as Chief Executive Officer of Orient Insurance Limited Sri Lanka, a subsidiary of Arab Orient Insurance, UAE as the overall in charge of the Sri Lankan operations and the appointment as Chief Executive Officer of Sri Lanka Insurance Corporation Limited for a period of two years.


HNB Assurance Records a Robust 1st Quarter Performance

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) posted a Profit After Tax (PAT) of LKR 74 MN for the first quarter of 2017, reflecting a 121% growth compared to LKR 33 MN recorded during the corresponding period last year.

The Group achieved a growth of 18% during Q1 of 2017, posting a Gross Written Premium (GWP) of LKR 1.9 BN against the GWP of LKR 1.6 BN recorded during the same of 2016. The Life Insurance Company posted a GWP of LKR 988 MN and the General Insurance Company posted a GWP of LKR 929 MN during the period under review. The Group was able to deliver a steady performance as a result of the strategic initiatives implemented in new business acquisition as well as streamlining its core business operations. The key contributors to the reported growth were identified as the growth in both Individual and Corporate Policies of the Life Insurance Company as well as the contribution of the Motor segment of the General Insurance Company. On a comparable basis with the results of the corresponding period of 2016, the post-tax profit of the Life Insurance business showcased a growth of 66%. The businesses were successful in capturing new market segments and seizing profitable growth opportunities, despite the challenging market and economic conditions. The recorded growth was in line with the Group’s expectations on the phase of maximizing its profits as well as in delivering value to its stakeholders.

Sharing thoughts on the financial performance of the Group, Chairperson of HNBA and HNBGI Mrs. Rose Cooray stated, “We are indeed pleased on the results the Group was able to yield at the end of the first quarter of this year, amidst the stiff competition and other macroeconomic factors. The Group surpassed the LKR 15 BN milestone of Total Assets during the first quarter of 2017 and Investments in Financial Instruments reached a value of LKR 12 BN. During the same period the Life Insurance Fund grew by 7% while the General Insurance Fund grew by 5% reaching values of LKR 9 BN and LKR 2 BN respectively. These results reflect the favorable direction the company is headed and the Board, the management and staff of both HNBA and HNBGI are committed to improve the financial performance of the Group as well as to strengthen the competitive positioning of both HNBA and HNBGI”.

Commenting on the financial performance of the Group, Chief Executive Officer, Mr. Deepthi Lokuarachchi stated, “I am pleased by the performance delivered by both HNBA and HNBGI during Q1 of 2017. The financials of Q1 reflects a solid growth compared to the results of the first quarter of 2016. During the first quarter of 2017 the Group recorded an impressive investment income growth of 84% reaching a value of LKR 360 MN against the value of LKR 195 MN in the first quarter of 2016. Several key drivers including the synergies of the Group, deriving key strategies to further consolidate the position of the two entities helped the Group to achieve these financial results during Q1 2017”.


HNB Assurance Join Hands with the College of Community Physicians of Sri Lanka for the Second Consecutive Year

For the second consecutive year, HNB Assurance PLC (HNBA) entered into an MOU with the College of Community Physicians of Sri Lanka (CCPSL) recently with the sole objective of educating the general public on a number of causes which has an immense impact on a healthy lifestyle.

Commenting on this MOU, Deepthi Lokuarachchi, Chief Executive Officer of HNBA and its fully owned subsidiary HNB General Insurance Limited (HNBGI) stated, ‘As a socially responsible brand, we take every measure to ensure that people in today’s society is protected by all means, especially from unfortunate health conditions. We strongly believe that protection begins in one’s own household and is propagated to the surrounding environment; hence individuals should be aware of various health conditions and diseases. Through this partnership we hope to educate the general public on a number of topics which has a significant impact on our society’s health and well-being’. Sharing views on this partnership formed with HNBA, Secretary of CCPSL Dr. Shiromi Maduwage stated, ‘We are indeed pleased to join hands with a brand that has taken a stand to propagate the concept of healthy living on a much larger scale. Each year CCPSL carries out a number of activities, Island wide under a main theme with an aim of educating the general public on a number of topics related to health and wellbeing. This year CCPSL has introduced the theme ‘strengthening the health system for improving quality of care and patient safety’. Accordingly, CCPSL has planned to carry out a number of national, provincial, district and regional level activities including a number of health symposiums to communicate the importance of health and well-being’.

Image Caption: L-R CCPSL Council Member Dr. Sameera Sennanayake, CCPSL Secretary Dr. Shiromi Maduwage, HNBA Chief Operating Officer Prasantha Fernando, HNBA and HNBGI Chief Executive Officer Deepthi Lokuarachchi and HNBA & HNBGI Head of Marketing Dinesh Yogaratnam