Tuesday, December 6, 2022
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Union Assurance Rewards ‘First Class Excellence’ at Bancassurance Awards

Under the exalted theme, ‘First Class Excellence,’ Sri Lanka’s leading Bancassurance provider Union Assurance honoured its top achievers at the Bancassurance Annual Awards 2021. The event, which was held on 21st May, 2022, celebrated the Company’s spectacular growth in the field. It was graced by the President of John Keells Group/ Non-executive Director of Union Assurance, Suresh Rajendra, and the Chief Executive Officer of Union Assurance, Jude Gomes.

Union Assurance performed exceptionally well in 2021, becoming Sri Lanka’s No. 1 Bancassurance provider with an ANBP of over Rs. 1 billion and coverage of over 618 bank branches of seven leading bank partners. This has given added impetus to the Company’s pledge to empower the Sri Lankan dream. 

The Chief Executive Officer of Union Assurance, Jude Gomes, praised the winners for their outstanding achievements. He noted that the Bancassurance team proved their mettle despite operating in a very challenging year, leading the field with innovative solutions, service excellence, and digital convenience. “Their performance heralds a new era for Bancassurance in Sri Lanka, helping to narrow the protection gap,” he added.    

According to Mr. Gomes, the Company’s Bancassurance operations have greatly enhanced its portfolio value, paving the way for sustainable business growth.

The Chief Bancassurance Officer of Union Assurance, Vindya Cooray, applauded the team for delivering exceptional results with their professionalism and dedication. She said their focus is to excel in everything they do. “We have a highly skilled team, along with the technology and systems in place to deliver the best,” she emphasized.

According to her, the Company has built strong, strategic relationships with banking partners, and this has greatly contributed to its success.    

At the Bancassurance Annual Awards, Union Assurance recognised many top performers including the members of the best-in-class rewards and recognition club – Circle of Excellence. The biggest award of the night – Champion of Champions for 2021 – was won by Nimesha Sewwandi Weerawarna Jayasekara of the Nations Trust Bank Channel.

The Pinnacle Award winners at the ceremony were Harsha Sudarshana Wijesinghe and Nimesha Sewwandi Weerawarna Jayasekara – both from the Nations Trust Bank Channel. Each will receive a scholarship for a professional development programme, a foreign tour, and a Company maintained luxury vehicle for use.

Union Assurance is a part of the John Keells Group. It is among the most awarded Insurance companies in Sri Lanka, completing over three decades of success with a market capitalisation of Rs. 17.9 Bn, a Life Fund of Rs. 49.7 Bn and an investment portfolio of Rs. 58.5 Bn as of March 2022. Set to empower the Sri Lankan Dream, Union Assurance offers Life Insurance solutions that cover education, health, investment, protection, and retirement needs of Sri Lankans. With an over 3,000-strong workforce, the Company has been recognised as a Great Place to Work© for nine consecutive years. 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 with being the number one for Million Dollar Round Table (MDRT) in Sri Lanka in 2021.

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