Kandy Sinhalese Traders’ Association insures with SLI

Tuesday, 22 March 2011 00:01 - - {{hitsCtrl.values.hits}}

Kandy Sinhalese Traders’ Association signed an MOU with Sri Lanka Insurance Corporation, to provide Insurance facilities to its members at the 38th anniversary celebrations of the organisation held at the Mahaweli Reach hotel recently, in the presence of President Mahinda Rajapaksa.

The MOU was exchanged between Sri Lanka Insurance Chairman Gamini Senarath and president of the Kandy Sinhalese Traders’ Association Budhi Ramawickrama. This historic occasion was witnessed by a distinguished gathering comprising of The Governor, Central Province Tikiri Kobbekaduwa, Chief Minister Sarath Ekanayake, Minister Mahindananda Aluthgamage and Members of Parliament Dilum Amunugama and Lohan Rattwatte.

Sri Lanka Insurance claims the position of the largest and strongest composite insurance provider in Sri Lanka, with a managed asset base that stands at Rs. 88 billion, over Rs. 6 billion in capital and a Life fund of approximately Rs. 50 billion.

SLIC is backed with very strong re-insurance arrangements, a highly experienced technical knowledge base and the widest network across the country. Sri Lanka Insurance is the only insurer to be rated AAA by RAM Ratings for its long term claims paying ability, and is the first insurer to be assigned a global rating AA-(lka) by the FitchRatings London. The company has also been awarded ISO 9001:2008 certification for correct governing and operational procedures in line with accepted global standards. At the recently concluded World finance Awards held in London, Sri Lanka Insurance was awarded “The Insurance Company of The Year 2010 in Sri Lanka”, competing and winning against the best in the insurance industry in Sri Lanka. Today Sri Lanka Insurance is being the benchmark for effective management and service excellence, in the industry. Sri Lanka Insurance also recorded incremental revenue of Rs 1.3 billion at year end 2010 and recently invested US$ 63 million in acquiring the shares of Shell Gas Lanka Ltd and Shell Terminals which is now rebranded as Litro Gas.