HNBA News

HNB Assurance PLC (HNBA) a leading life insurance service provider in the country recently introduced a short-code hotline, 1301 which is known as the Assurance Line. This enhances ease, convenience, and efficiency and all customer inquiries, complaints and requests related to life insurance policies could be directed to our dedicated Call Center by simply dialing 1301. Sharing his views Mr. Lasitha Wimalaratne, Chief Executive Officer of HNBA stated, “Being a customer-centric organization, HNBA has taken several initiatives to provide a superlative experience, and this is yet another step in that direction, enabling customers to get in touch with us easily. Customer Experience is a core pillar of the Company and we remain well focused on delivering consistent, seamless, and innovative solutions to our customers. The business will continue to invest and introduce agile and efficient ways to enhance our customer experience in order to attract, win and retain our customers by exceeding all expectations”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 64 branches. HNBA is a Life Insurance company with a rating of ‘A+’ (lka) by Fitch Ratings Lanka for 'National Insurer Financial Strength Rating'. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNB General Insurance has been assigned a 'National Insurer Financial Strength Rating' of ‘A+’ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place To Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.

Reaffirming its resilience and strength, HNB Assurance PLC (HNBA), a leading life insurer in the country was awarded the Best Life Insurance Company of the Year - Special Recognition Award at the recently held 3rd ICC Emerging Asia Insurance Awards 2021 in Kolkata, India, organized by the Indian Chamber of Commerce. The 3rd Emerging Asia Insurance Awards and Conclave was launched by the Indian Chamber of Commerce together with the Insurance Institute of India, Life Council of India, General Council of India, National Insurance Academy and PWC as process reviewers to acknowledge, recognize and honor the efforts made by Asian insurance companies to transform insurance industries of the region. Sharing his views on the accolade, Chief Executive Officer of HNBA, Mr. Lasitha Wimalaratne stated, “We are humbled to be the recipient of this accolade, recognizing HNBA for its agility, resilience and innovate thinking. Despite socially and economically challenging times, the Company has continuously strived to push the envelope further, working tirelessly towards its vision and demonstrating tenacity to remain competitive in a highly competitive market. This award is a tribute to HNBA’s unbreakable team spirit and efforts in working towards one common goal and will be a significant benchmark in its journey. This prestigious accolade reaffirms the financial strength, continuous growth and success of HNBA”. Mr. Wimalaratne further added, “I wish to thank the Indian Chamber of Commerce for this special recognition and I’m grateful for the commitment and dedication of all our staff members, Advisor Force, Bancassurance Teams as well as for the unwavering trust of our valued customers and shareholder placed in HNBA”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 64 branches. HNBA is a Life Insurance company with a rating of ‘A+’ (lka) by Fitch Ratings Lanka for 'National Insurer Financial Strength Rating'. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNB General Insurance has been assigned a 'National Insurer Financial Strength Rating' of ‘A+’ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place To Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.

Fitch Ratings has maintained ‘A+ (lka)’ National Insurer Financial Strength (IFS) Ratings of HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI). Fitch Ratings confirmed the ratings of the two companies in a statement published recently continuing their ‘A+ (lka)’ rating with Rating Watch Negative. The communiqué of the acclaimed rating agency, Fitch Ratings notes, ‘Fitch regards the insurers' company profiles as 'Favorable' compared to other insurers in Sri Lanka because of a 'Favorable' business profile and 'Moderate/Favorable' corporate governance. HNBA and HNBGI have substantive business franchises that benefit from an association with the group's parent, Hatton National Bank PLC (HNB, AA-(lka)/RWN) - one of the largest private commercial banks in the country - with whom they share the 'HNB' brand name’. Sharing his views, Chief Executive Officer of HNBA, Mr. Lasitha Wimalaratne stated, “During the past two years we have faced a number of challenges and setbacks. However, in response to these unprecedented challenges, HNBA adapted several responsive and agile business strategies and as a result, today, we are stronger than ever. HNBA opted to be rated by Fitch Ratings for its insurer financial strength, investment portfolio, strong risk profile and good governance and the fact that we have been able to maintain our rating at this turbulent time augurs well for the stability of the Company and its future growth trajectory. HNBA stands resilient, confident and affirmed of our journey and what’s ahead”. Mr. Sithumina Jayasundara, Chief Executive Officer of HNBGI stated, “This well-earned confirmation comes at a time of economic uncertainty, and we are delighted to have our Fitch Rating maintained at A+ (lka). As the country navigates through these challenging times, general insurers too have faced a number of operational challenges coupled with restrictions which limits the growth potential of businesses. In this backdrop, a commendable rating of this nature further demonstrates HNBGI’s strong financial footing relative to industry competition and will continue to leverage our footprint, capital and product offerings to deliver a strong performance. This rating will offer continued reaffirmation to all customers and stakeholders of strength and stability of the Company, and we will continue to be by their side, especially during these challenging times”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 64 branches. HNBA is a Life Insurance company with a rating of ‘A+’ (lka) by Fitch Ratings Lanka for 'National Insurer Financial Strength Rating'. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNB General Insurance has been assigned a 'National Insurer Financial Strength Rating' of ‘A+’ (lka) by Fitch Ratings Lanka Limited. HNBA and HNBGI are rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place To Work® Certification. HNB Assurance was awarded the Best Bancassurance Service Provider in Sri Lanka by Global Banking and Finance Review and has won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.