Union Assurance bags Silver for Life Insurance at SAFA BPA Awards 2024

Tuesday, 6 January 2026 01:34 - - {{hitsCtrl.values.hits}}

Union Assurance PLC’s Annual Report for 2024, themed “Folds of Value”, has been honoured with the Silver Award in the Life Insurance category at the prestigious SAFA Best Presented Annual Report Awards 2024.

Organised by the South Asian Federation of Accountants (SAFA), the award recognises excellence in financial reporting, integrated reporting, and corporate governance across South Asia.

The South Asian Federation of Accountants (SAFA) is a regional body dedicated to advancing the accounting profession across South Asia. Its mission is to harmonise accounting, auditing, and ethical standards while promoting transparency and accountability in financial reporting. SAFA serves as a collaborative platform for professional accounting organisations and drives initiatives that strengthen corporate governance and integrated reporting. Through its Best Presented Annual Report Awards, the federation honours organisations that excel in disclosure, compliance with international standards, and stakeholder engagement, setting benchmarks for quality and integrity in financial communication.

The 2025 award ceremony, held in Islamabad, Pakistan, brought together leading institutions and regional delegates to celebrate excellence in governance and reporting. In the Life Insurance category, Union Assurance was honoured with the Silver Award, which stands as the highest recognition achieved by a Sri Lankan company in this segment. This accolade underscores the Company’s commitment to producing financial statements of the standard, aligned with international accounting standards and global best practices.

Chief Financial Officer Himani Weerasekera said: “Our Annual Report goes beyond compliance. It reflects our values and our focus on integrity in everything we do. This achievement highlights the dedication of our finance team and the entire organisation to uphold the highest standards in reporting and disclosure. We are honoured to be recognised among the best in South Asia.”