Union Assurance wins 3 awards for Annual Report excellence
Friday, 13 December 2013 00:01
Union Assurance PLC (UA) continued its winning streak having won three prestigious awards, making it one of the most awarded companies at the Annual Report Awards ceremony conducted by the Institute of Chartered Accountants of Sri Lanka (ICASL).
First conducted in 1964, the Annual Report Awards aims to create a platform to promote transparency in financial reporting while enhancing reporting standards in keeping with global best practices. These awards have become a benchmark for many leading corporations in the public and private sectors, signifying excellence in annual financial reporting.
At the award ceremony, UA was recognised for its continued excellence in governance and transparency by being awarded Bronze Awards for Corporate Governance Disclosures and Management Commentary. The UA annual report 2012 also received a Silver Award under the Insurance Companies category emerging as one of the best reports in the insurance sector.
Union Assurance is the first private insurer to celebrate 25 years of operations and is anchored by a team of experienced and dynamic professionals, a strong capital base, and reinsurance partnerships with highly rated global reinsurers. The UA brand is positioned on the promise of “trust” and strives to deliver this promise by being transparent, convenient, and respectful when dealing with all stakeholders.
Commenting on the company’s continued success Union Assurance PLC CEO Dirk Pereira said: “We are pleased to have been recognised for our commitment to good governance and transparency by the Institute of Chartered Accountants of Sri Lanka and dedicate the awards to all our stakeholders who have been an integral part of the company’s success.”