Union Assurance continues to strengthen branch network
Wednesday, 11 December 2013 00:01
Union Assurance added to its already impressive coverage of the island, by opening a regional office in close proximity to both the Wellawatta and Kirulapone areas, while also relocating its Regional Branch in Puttalam to a bigger and better space to service its valued customers.
A new regional office is also to be opened in Hambantota this month, offering customers in the potential business hub a wide array of life and general insurance solutions. All established branches are fully IT enabled, with UA’s Personal Financial Advisors readily equipped with the latest technology such as tablet devices and online systems in place to service customers efficiently.
This seamless network helps advisors to give a full service to customers, even whilst out in the field. November also saw the strengthening of the company’s coverage to the Uva Province, with its Wellawaya branch being opened on 15 December. Another Business Development Office in Panadura was upgraded to a fully functional branch, offering convenience and efficiency to customers in the area. In addition to the new branches, certain existing branches and Business Development Offices also underwent significant change in November.
The Puttalam Regional Branch of UA relocated from its premises on the Kurunegala Road, to its new home in No. 97, 2nd Floor, Cargills Food City Building, Puttalam. The new location will provide customers of UA with convenient parking and ease of access to its wide array of services.
UA General Manager Marketing Rukman Weeraratne commenting on the strengthening of the Union Assurance reach stated: “We are extremely pleased to be able to provide our valued customers with easy access to the wide range of services offered by Union Assurance. Opportunities in the regions have expanded and have prompted us to engage in this rapid growth, and we will continue to aggressively meet future growth demands.”
UA sustained its growth momentum in both turnover and profits for the nine months ended 30th September 2013. UA reported a 10% growth in combined gross written premiums and 31% growth in profit after tax compared to the same period of the previous year. The company hopes to keep its expanding efforts in motion, providing much needed employment and training to youth in the areas while also serving Sri Lankan individuals and enterprises the best in insurance protection. The company recently was adjudged the Overall Gold Winner in ‘Excellence in Performance Management’ and Gold for the business excellence in the ‘Insurance Sector’ at the prestigious National Business Excellence Awards organised by the National Chamber of Commerce held on 27 November 2013.
Anchored by a team of experienced and dynamic professionals, a strong capital base, and reinsurance partnerships with highly rated global reinsurers Union Assurance is positioned on the promise of “trust” and strives to deliver this promise by being transparent, convenient, and respectful, when dealing with all stakeholders at all times.