Nadika Opatha appointed CEO of LOLC Life Assurance

Friday, 21 August 2020 00:00 - - {{hitsCtrl.values.hits}}

LOLC Life Assurance Ltd., one of Sri Lanka’s fastest-growing insurance companies which is a subsidiary of the LOLC Group, recently announced the appointment of Nadika Opatha as its Chief Executive Officer.

LOLC Life Assurance Chief Executive Officer Nadika Opatha

Opatha is a highly experienced and accomplished strategic leader in the field of sales and marketing, counting over 24 years of experience in the financial services industry, both locally as well as internationally. She is an MDRT qualified insurance professional with expertise in sales, channel development and management, setting up business partnerships and performance management. Out of the many accolades she has been bestowed with throughout her career, winning the Best National Sales Head Sri Lanka award at the 2018 SLIM NASCO was her most recent achievement.

Nadika Opatha commenced her career at John Keells Holdings Ltd. in 1995. In 1997, she joined LOLC’s Factoring arm and in 2002 she left LOLC and joined her family in Canada. She joined RBC (Royal Bank) Insurance Company in Canada as a Financial Services Advisor attached to the Bank. She worked from 2003 to 2011 at RBC where she garnered much of her international experience and exposure in Bancassurance and senior insurance positions.

In 2012, after a successful career at the Royal Bank of Canada, Opatha returned to LOLC as the Head of Corporate Sales of LOLC Life Assurance Ltd. She was successful in pioneering Bancassurance at LOLC Life entering into exclusive partnerships and establishing LOLC Life as one of the market leaders in Bancassurance. Over the years, she progressed in her career at LOLC Life to its Head of Sales and Chief Operating Officer. Her leadership and strategic planning helped the company to have all key performance indicators perform beyond expectations during the last 12 months. LOLC Life recorded the highest growth in new Life Business among similar sized Insurance companies at the end of the 2nd quarter of 2020 with an overall double-digit growth in GWP while most Insurance companies showed a negative growth in the industry.

Opatha holds a Bachelor of Science (BSc) 1st class honours degree and a Master of Business Administration Degree from the University of Colombo. She also holds a Diploma from the Institute of Canadian Bankers Association.

LOLC Life Assurance believes that her appointment comes at an opportune time considering the growth LOLC Life has been experiencing over the recent past.