Thursday Dec 12, 2024
Thursday Dec 12, 2024
Friday, 27 December 2019 00:00 - - {{hitsCtrl.values.hits}}
Sri Lanka’s insurance giant Sri Lanka Insurance was recognised and awarded for business excellence at the 16th edition of the National Business Excellence Awards organised by the National Chamber of Commerce.
The annual initiative National Business Excellence Awards was launched with the aim to recognise and reward those organisations that have excelled in all-round performance. The contenders for the National Business Excellence Awards were evaluated on the basis of a three-stage process of Desk Reviews, Interviews and Judge’s Final Review.
The evaluations were comprised with seven excellence criteria namely Leadership, Corporate Governance, Capacity Building, Performance Management, Global and Local Market Reach, Corporate Social Responsibility and Environmental Sustainability, and Business and Financial Results. Sri Lanka Insurance the largest state-owned insurer in Sri Lanka is the pioneer insurer in the country engaged in both Life and Non- Life Insurance business. Sri Lanka Insurance manages an asset base of in excess of Rs. 205 billion which is the largest in the industry, the largest life insurance fund in the local insurance industry amounting to over Rs. 110 billion, and a Rs. 6 billion strong capitalisation, making it one of the most secure and reliable insurance solutions providers in the country.
SLIC’s impeccable business profile comprised with leading business franchise, well-diversified participation in business lines across life and non-life insurance sectors, stable business focus on established product lines and its favourable domestic operating scale making Sri Lanka Insurance the only Insurer with the robust financial rating of Fitch AAA (lka).
The company’s customer focused strategy is evident as Sri Lanka Insurance has been ranked among the top three of the Most Loved Brands in the island along with the most valuable General Life Insurance Brand 2019.
