HNBA and HNBGI herald New Year whilst surpassing Rs.15 b in Group GWP

Thursday, 5 January 2023 02:47 - - {{hitsCtrl.values.hits}}

HNBA CEO Lasitha Wimalaratne and HNBGI CEO Sithumina Jayasundara addressing the gathering

HNB Assurance PLC (HNBA) and HNB General Insurance Ltd. (HNBGI), heralded in the new year with a great degree of enthusiasm and positivity whilst celebrating all the achievements that both companies have made in the last year.

In terms of top line, the HNB Assurance Group was able to reach a GWP of Rs. 15.7 billion. It needs special mention that whilst the Group took around 18 years to reach 10 billion, it took only two years to grow from 10 to 15 billion, auguring well for the strategies that have been put in place for this aggressive growth that is being witnessed. Apart from this, both HNBA and HNBGI were the recipients of a number of awards both locally and internationally.

HNBA CEO Lasitha Wimlaratne addressing staff thanked them for their unstinted support that has made the company become what it is today. He further added, “I’m indeed delighted of our achievements albeit in one of the most challenging years in memory. The teams have outdone themselves in terms of the meticulous execution of the strategies that have made us achieve enviable growth way beyond industry growth rates, as a Group too we’ve made some historic achievements in remarkably quick time. Further, we have had the honour of being listed amongst the top 70 best workplaces in Asia, and incidentally are the only Sri Lankan insurer to be thus recognised.”

He also reiterated the challenges that lie ahead and beckoned one and all to stand tall in the face of such challenges and emerge victorious.

HNBGI CEO Sithumina Jayasundara said: “I consider it a privilege to lead such a dynamic team of insurance professionals. Whilst we have had many a challenge, we have overcome them all and emerged stronger and more resilient, and I owe a debt of gratitude to the entire team for the efforts that have been put in. We have made a number of very significant changes as part of our 5th in 5 mission, and I’m happy to state that we are on track to reach our objective. Whilst the bygone year came with its challenges, we can only assume that this year too will be as or even more challenging as the country steers itself out of this economic turmoil. We need to continue to work smart, we need to look at things differently as out of turmoil comes triumph.” Whilst acknowledging the remarkable achievement in terms of Group GWP he thanked all the customers for placing their trust in the company and wished everyone for the new year, Jayasundara reminded the gathering of the awards that were won during the year especially that of the Best Claims Management Team and emphasised the need to put the customer first in everything.