Union Assurance Celebrates Limitless Achievements at Bancassurance Awards 2022

Union Assurance, the #1 Bancassurance service provider in Sri Lanka, honoured top achievers at the Bancassurance Annual Awards 2022. The prestigious event, held at Monarch Imperial, brought together the dynamic Bancassurance team and supporting functions to honour the extraordinary achievements throughout the year. With the theme “Limitless,” the event unfolded with electrifying excitement and celebrations, and served as a recognition platform, fostering connections, motivating individuals, and inspiring further accomplishments.

The event was graced by the senior management, including Suresh Rajendra, President – Financial Services Sector/ IT Sector and Leisure Industry Group – John Keells Holdings PLC, and attended by over 150 award recipients.

Union Assurance performed exceptionally well in 2022, strengthening partnerships with 7 leading banks and retaining its position as the nation’s leading Bancassurance service provider recording an ANBP of over Rs.1.4 billion. This has bolstered the company’s purpose to protect lives extending financial security and safeguarding the wellbeing of all Sri Lankans.

The main awards of the night, Champion of Champions were won by Harsha Wijesinghe from the Nations Trust Bank Channel of Union Assurance, and Naguleswara Shobitha from the Commercial Bank Channel of Union Assurance. The Best Regional Manager award in the First Premium based category was won by Kasun Chandrasiri from the Nations Trust Bank Channel of Union Assurance, while T. Shajeethan from the Commercial Bank Channel of Union Assurance took home the awards in the Annualised New Business Premium based category. In the Best Zonal Manager category, Charith Abeywardena from the Nations Trust Bank Channel of Union Assurance won the award in the First Premium based category while V. Temcy from the Commercial Bank Channel of Union Assurance bagged the award in the Annualised New Business Premium based category.

The CEO of Union Assurance, Jude Gomes lauded the winners for their achievements. He said that the team achieved significant growth in new business, enabling the company to consolidate its undisputed leadership in the field and expand the Bancassurance footprint across Sri Lanka. “Bancassurance remains at the forefront of our strategic priorities and growth trajectory,” he emphasized.

The Deputy CEO of Union Assurance Senath Jayatilake commended the team for delivering exceptional results. He noted that the company’s strategic partnerships with banks have expanded their scope and reach as well as customer accessibility. “Bancassurance plays a pivotal role in providing financial security to our communities, and I’m confident that it will keep growing to play a greater role in the economy,” he added.

The Head of Bancassurance of Union Assurance, Wishanth Wijesinha, stated that the team’s resilience and unwavering spirit were the driving forces behind overcoming the challenges of this past year. “Despite the uncertainties, we remained steadfast in our commitment to provide a range of best-in-class insurance solutions to customers through our banking partners. The limitless potential our team possesses is the cornerstone of our optimism for the future. We strive to continue providing comprehensive solutions coupled with seamless digital convenience to offer new-age insurance experiences.”

Union Assurance is a subsidiary of the John Keells Group, one of Sri Lanka’s largest listed conglomerates. The Company has completed over three decades of success with a Market Capitalisation of Rs. 19.4 Bn, and a Life Fund of Rs. 57.7 Bn as of end March 2023. Set to empower the Sri Lankan Dream, Union Assurance offers Life Insurance solutions that cover education, health, investment, protection, and retirement needs of Sri Lankans. With an island-wide branch network and an over 4,000-strong workforce, Union Assurance continues to invest in people, products, and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.