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Home » News » HNBA wins first place at SAFA awards in the Insurance sector

HNB Assurance PLC, the innovative Insurance solutions provider in Sri Lanka has brought honour to the nation again by winning the most coveted South Asian Federation of Accountants (SAFA) award for ‘Best Presented Annual Report in the Insurance Sector’ at the SAFA awards ceremony recently held in Islamabad, Pakistan.

“Power to Dream”

HNB Assurance’s first ever Integrated Annual Report, themed “Power to Dream”, escalated the Company to the prestigious top position in the insurance industry in the South Asian Region with its bagging of the Gold Award for the Best Annual Report in the insurance sector. This is the second time that the company was acclaimed this position. Beating industry giants to reach the apex twice in a row, within its short life span of 13 years is considered a remarkable achievement in the history of the Company.

The SAFA is an Apex Body of the South Asian Association for Regional Co-operation (SAARC) and the Regional Grouping of International Federation of Accountants (IFAC), which represents over 170,000 accountants who are members of national chartered accountancy and cost and management accountancy institutions in South Asia. HNB Assurance has done exceptionally well to have won this prestigious SAFA Award among a total of 85 Awards while the remaining prizes were shared between companies from India, Pakistan, Bangladesh and Nepal.

Transparency and Accountability

“HNB Assurance has been awarded for its mission of promoting transparency and accountability and for promoting better accounting and auditing standards in the SAARC Region and this award is a great tribute to the excellent teamwork and dedication of people at all levels as well as to our customers and shareholders who have placed their confidence in the company”, stated Manjula de Silva, Managing Director of HNB Assurance.

Vipula Dharmapala, Chief Financial Officer of HNB Assurance stated that this is the third Annual Report Award that HNB Assurance PLC has won for its Annual Report 2012. We won the Overall Excellence in Annual Financial Reporting – Bronze Award (joint), and the Gold Award in the Insurance Companies Sector at the Chartered Accountants Annual Report Awards 2013.