Union Assurance named Domestic Life Insurer of the Year

• Company also wins Product of the Year, Digital Insurance Initiative of the Year at Insurance Asia Awards 2020

Union Assurance announced three wins at the prestigious Insurance Asia Awards 2020, taking away the coveted Domestic Life Insurer of the Year, New Insurance Product of the Year, and Digital Insurance Initiative of the Year awards for Sri Lanka.

The awarding body, Insurance Asia Awards, aims to recognise firms that can navigate around various market challenges whilst keeping clients satisfied and maintaining fruitful revenue. Over seventy exceptional insurance companies from 22 countries were recognised at the fifth Insurance Asia Awards held digitally for the first time due to the ongoing pandemic. 

Union Assurance is the only Sri Lankan Life insurer to be recognised at the prestigious awards. 

Expressing his views on winning three major accolades at the Insurance Asia Awards 2020 Union Assurance Chief Executive Officer Jude Gomes commented, “I’m delighted that we have been recognised in three critical categories in this prestigious annual award.”

“We are extremely proud of our track record of investing in our people, technology, products, and innovation to deliver exceptional service standards, and I look forward to continuing this investment in the future. The award recognition is a reinforcement of our commitment to being leaders in Sri Lanka’s life insurance industry.”

This year’s nominations were judged by a panel consisting of Milliman Southeast Asia and India Life Managing Director Richard Holloway, KPMG Singapore Head of Insurance Frank Dubois, KPMG Singapore Head of Insurance Audit Steven Goh, PwC Singapore Insurance Leader Woo Shea Leen, and Ernst & Young Asia Pacific FSO Indirect Tax Leader Liza Drew.