Janashakthi crowned for third consecutive year at Asian Leadership Awards
Tuesday, 8 October 2013 00:09
Leading Insurer Janashakthi secured its place as part of an elite group of market leaders in the region by winning the acclaimed Brand Leadership Award and Market Leadership Award at the prestigious Asian Leadership Awards 2013 in Dubai.
The ALA Awards recognises achievers, super achievers and future business leaders and showcases the best of the best from Asia. It highlights, recognises and rewards their ability to steer their businesses through turbulent times, applying the best of business modules to manage and keep their missions afloat. In 2012, Janashakthi won third awards at the Asian Leadership Awards.
â€śReceiving such high honours for the third consecutive time attest to our breakthrough new product developments, innovative channel developments and service enhancements which have set new standards in the insurance industry. Here is a fully home-grown brand winning from among top international brands. This international recognition has been due to our aggressive marketing and brand management strategies which were harnessed to secure market share and thereby enhance customer and shareholder value,â€ť commented Janashakthi Managing Director Prakash Schaffter.
The ALA Awards is dedicated to high level knowledge exchange through thought leadership and peer networking among decision makers across industry segments in Asia. Nearly 150 senior leaders and decision makers attended the gala awards ceremony besides bureaucrats from various countries and government officials, thus enabling sharing of knowledge and experiences.
â€śIt was a prestigious occasion for Janashakthi to be at this forum among many other global renowned brands. This re-affirms our commitment towards continuous improvement that we do to keepÂ pace with the ever changing needs and demands of our customers,â€ť added Prakash Schaffter.
Janashakthi is the only insurance company in Sri Lanka to register a record turnover of Rs. 3.1 billion premium income within the first 10 years of operation. Janashakthi Insurance recently achieved exceptional performance within the industry, recording its highest ever Profit After Tax (PAT) growth of 78% for the first six months ending 30th June 2013. The company achieved this while honouring a hefty LKR 1.9 billion in claims. Janashakthi strives to translate these positive results to streamline the companyâ€™s business process, benefiting both customers and employees. In order to achieve these results, the company has invested heavily in employee training and management, the latest in technology and a strategic approach to restructuring its branch network.