Union Assurance celebrates new era of expansion at Partnership Distribution Annual Awards 2024

Wednesday, 23 July 2025 00:14 - - {{hitsCtrl.values.hits}}

John Keells Holdings President of the Leisure Group and Union Assurance Director Suresh Rajendra

Union Assurance Chief Executive Officer Senath Jayatilake

Union Assurance, recently celebrated its bancassurance and corporate channels at the Partnership Distribution Annual Awards 2024 held at Cinnamon Life at City of Dreams.

Themed ‘A New Era of Expansion,’ the event underscored the company’s commitment to strengthening its leadership in Partnership Distribution, with a clear focus on empowering the progress of customers across the island.

With the largest portfolio of partnerships among leading private banks, Union Assurance continues to set industry benchmarks in the bancassurance space by delivering best-in-class solutions. In addition, the company has expanded its network of strategic partnerships to meet customers where they are, ensuring greater accessibility to Life Insurance solutions that are tailored to meet the unique needs of every individual. The event was graced by the John Keells Holdings President of the Leisure Group and Union Assurance Director Suresh Rajendra and the senior management at Union Assurance.

Union Assurance Chief Executive Officer Senath Jayatilake said: “The Partnership Distribution Annual Awards 2024 is a key highlight in our calendar – a celebration of the exceptional talent and dedication that drives Union Assurance forward and our theme perfectly captures our strategic vision and unwavering commitment to transforming how Life Insurance is delivered and experienced across Sri Lanka.”

“We are immensely proud of our bancassurance and corporate channels whose achievements we honour tonight. Their relentless pursuit of excellence has not only reinforced our leadership in the industry but has also brought us closer to our vision of making Life Insurance more accessible and relevant, empowering the progress of every Sri Lankan,” he added.

Chief Partnership Distribution Officer Wathsala Aluthgedara said: “Union Assurance has long been a dominant force in Partnership Distribution within Sri Lanka’s Life Insurance sector. Our journey began with bancassurance, where we have proudly grown to become the market leader, holding the largest partnership portfolio in the industry. Today, we are broadening our focus by forging new strategic alliances beyond bancassurance, with the aim of seamlessly integrating Life Insurance into the everyday lives of our customers.

“We extend our heartfelt congratulations to the exceptional teams behind this remarkable achievement. As we continue to grow, we remain committed to empowering our people through continuous training, development programs and industry-leading rewards, ensuring they are equipped to deliver outstanding service and value to our customers,” she said.

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