HNBA News

HNB Assurance PLC (HNBA) and HNB General Insurance Limited (HNBGI) entered into a Memorandum of Understanding (MoU) with the Sri Lanka Institute of Directors (SLID) recently. The signing ceremony was witnessed by Mr. Lasitha Wimalaratne, Chief Executive Officer of HNBA, Mr. Sithumina Jayasundara, Chief Executive Officer of HNBGI as well as Mrs. Radika Obeysekere, Chief Executive Officer of SLID. Sharing his views, Mr. Lasitha Wimalaratne stated, “This special agreement formalizes the mutual interaction between HNBA, HNBGI and SLID and sets the foundation for an exciting and strategic partnership between the three entities. I’m thankful to the Management of SLID for the opportunity and looking forward to this year’s event calendar”. Mr. Sithumina Jayasundara, Chief Executive Officer of HNBA shared his thoughts stating, “HNBA and HNBGI has come together and formed this strategic collaboration with SLID to work towards a common purpose. This is a great opportunity for HNBGI to showcase our specialty product range needed for businesses to move forward knowing that they are covered. I’m sure this partnership will benefit all three entities and I extend my gratitude to SLID for the opportunity”. Speaking on the MoU Mrs. Radika Obeysekere, Chief Executive Officer of SLID stated, “SLID is pleased to welcome onboard industry leaders in insurance - HNBA and HNBGI as our annual corporate partners for 2022-2023.  I’m certain our membership of Directors and aspiring directors will greatly benefit from our partnership and the awareness created particularly around the importance of insurance coverage”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 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. 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, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka. HNBGI has been awarded a ‘National Insurer Financial Strength Rating’ of ‘A+’ (lka) by Fitch Ratings Lanka Limited and has obtained the Great Place to Work® Certification. The Company was awarded the Motor Insurance Initiative of the Year - Sri Lanka award at the Insurance Asia Awards 2021. The Sri Lanka Institute of Directors (SLID) stands at the forefront of corporate governance in Sri Lanka bringing together the largest community of Boardroom Leaders comprising of Directors representing the private and public sectors in Sri Lanka. SLID also recognizes “Aspiring Directors” as an important segment of its overall membership. The Institute is committed towards creating “Better Directors, Better Boards and Better Companies” through its ‘best in class’ Board Leadership training and wide range of knowledge and skills building programs.

HNB Assurance PLC (HNBA) and HNB General Insurance Limited (HNBGI) entered into a Memorandum of Understanding (MoU) with the Sri Lanka Institute of Directors (SLID) recently. The signing ceremony was witnessed by Mr. Lasitha Wimalaratne, Chief Executive Officer of HNBA, Mr. Sithumina Jayasundara, Chief Executive Officer of HNBGI as well as Mrs. Radika Obeysekere, Chief Executive Officer of SLID. Sharing his views, Mr. Lasitha Wimalaratne stated, “This special agreement formalizes the mutual interaction between HNBA, HNBGI and SLID and sets the foundation for an exciting and strategic partnership between the three entities. I’m thankful to the Management of SLID for the opportunity and looking forward to this year’s event calendar”. Mr. Sithumina Jayasundara, Chief Executive Officer of HNBA shared his thoughts stating, “HNBA and HNBGI has come together and formed this strategic collaboration with SLID to work towards a common purpose. This is a great opportunity for HNBGI to showcase our specialty product range needed for businesses to move forward knowing that they are covered. I’m sure this partnership will benefit all three entities and I extend my gratitude to SLID for the opportunity”. Speaking on the MoU Mrs. Radika Obeysekere, Chief Executive Officer of SLID stated, “SLID is pleased to welcome onboard industry leaders in insurance - HNBA and HNBGI as our annual corporate partners for 2022-2023.  I’m certain our membership of Directors and aspiring directors will greatly benefit from our partnership and the awareness created particularly around the importance of insurance coverage”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 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. 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, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka. HNBGI has been awarded a ‘National Insurer Financial Strength Rating’ of ‘A+’ (lka) by Fitch Ratings Lanka Limited and has obtained the Great Place to Work® Certification. The Company was awarded the Motor Insurance Initiative of the Year - Sri Lanka award at the Insurance Asia Awards 2021. The Sri Lanka Institute of Directors (SLID) stands at the forefront of corporate governance in Sri Lanka bringing together the largest community of Boardroom Leaders comprising of Directors representing the private and public sectors in Sri Lanka. SLID also recognizes “Aspiring Directors” as an important segment of its overall membership. The Institute is committed towards creating “Better Directors, Better Boards and Better Companies” through its ‘best in class’ Board Leadership training and wide range of knowledge and skills building programs.

Setting another new record in the Company’s history, HNB Assurance PLC (HNBA) has produced 164 Million Dollar Round Table (MDRT) qualifiers, including 05 Court of the Table (COT) and 02 Top of the Table (TOT) achievers for 2021. This is the highest number of MDRT Qualifiers the Company has produced in its history. MDRT, The Premier Association of Financial Professionals®, which was formed in 1927 is an independent association with a global count of over 72,000 professionals affiliated to insurance and financial services in over 500 companies, where membership is exclusively to those that surpass the given threshold. Speaking on the achievement, Chief Executive Officer of HNBA, Mr. Lasitha Wimalaratne stated, “Becoming an MDRT qualifier is the ultimate dream of any Insurance Sales Professional and this year, I’m proud to say that HNBA has produced a record-breaking number of 164 MDRT qualifiers including COT and TOT members and this is another significant achievement to all of us at HNBA. Becoming an MDRT qualifier is by no means a small achievement and this prestigious achievement reflects on the constant hard work, dedication, and commitment of our champs even during challenging and uncertain times. Amidst many social and economic challenges in 2021, the Banca and Advisor Channels exceeded all expectations and delivered exceptional results, reaching many significant milestones. Being in the business of protection and taking care of our people and community, our Sales Force has gone above and beyond the call of duty, overcoming all hurdles and obstacles, proving that insurance is an unbreakable promise. And I commend them for all their efforts and sacrifices”. Mr. Wimalaratne continued, “Whist congratulating all MDRT qualifiers, I wish to thank the Banca and Agency Distribution Management, Sales Training and Development teams and especially the Management of HNB and all HNB Branch and Regional Managers for continuously motivating and supporting our Sales Force to break all barriers and go forth. As the Company has embarked on an exciting journey, I hope that these numbers would double this year, setting new records and benchmarks”. Sharing his views, Head of Sales Training and Development, Mr. Shiran Fernando stated, “This team effort reflects our winning spirit, robustness and resilience. Sales Training and Development along with Bancassurance and Agency Distribution Management teams have worked together to empower and support our Advisor Force and Bancassurance Channel, especially during challenging times, and this is the final outcome of our relentless efforts. Whilst thanking members of the three teams and the Management, I’m sure this number will grow as the Company continues to grow from strength to strength”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 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.