UNION ASSURANCE WINS DOUBLE GOLD AT NATIONAL BUSINESS EXCELLENCE AWARDS 2026
Union Assurance, Sri Lanka’s longest-standing private Life Insurer, reinforced its position as a leader in the nation’s Life Insurance industry by securing the Gold Award in the Insurance Sector at the National Business Excellence Awards 2026, held recently at Shangri-La Colombo.
In addition, the Company also clinched the Gold Award for Excellence in Performance Management, emerging as the overall winner in this category across all industries. Together, these prestigious recognitions underscore Union Assurance’s leadership in the insurance sector and its standing among Sri Lanka’s leading businesses.
Organised by the National Chamber of Commerce of Sri Lanka, the National Business Excellence Awards are among the country’s most prestigious corporate recognition platforms. The awards evaluate organisations against a rigorous business excellence framework encompassing leadership, strategy, governance, performance management, operational effectiveness, people development, and stakeholder value creation, providing a comprehensive assessment of sustainable organisational excellence.
The dual recognition reflects Union Assurance’s continued commitment to building a future-ready organisation that delivers sustainable value to customers, employees, shareholders, and the wider community. Through a combination of strategic foresight, customer-centric innovation, operational excellence, strong governance, and a high-performance culture, the Company continues to set benchmarks within Sri Lanka’s Life Insurance industry while contributing to the advancement of business excellence at a national level.
Commenting on the achievement, Senath Jayatilake, Director and Chief Executive Officer at Union Assurance, said, “Being recognised as the Gold Award Winner in the Insurance Sector is a significant milestone that reflects the trust our customers place in us and the commitment of our people to delivering meaningful protection. It reaffirms our position within Sri Lanka’s Life Insurance industry and our ability to consistently meet the evolving needs of those we serve.
Winning the Gold Award for Excellence in Performance Management further highlights the foundations that drive our success, including strong leadership, clear strategic direction, disciplined execution, and a people-centric culture. This recognition extends beyond business results and reflects the strength, resilience, and future-readiness of our organisation. Together, these awards reinforce our commitment to creating lasting value for all stakeholders while continuing to deliver on our purpose of protecting what matters most to all Sri Lankans.”
Union Assurance is a subsidiary of John Keells Holdings PLC (JKH), the largest conglomerate listed on the Colombo Stock Exchange, operating with over 80 companies in 7 diverse industry sectors. The Company has completed nearly four decades of success with a Market Capitalisation of Rs. 40.6 Bn and a Life Fund of Rs. 96.2 Bn as of end March 2026. Set to protect lives and enrich the well-being of all Sri Lankans, Union Assurance offers Life Insurance solutions that cover the health, investment, protection, retirement and education needs of Sri Lankans. With an island-wide branch network and a workforce that is over 3000-strong, 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.
Union Assurance PLC is licensed by the Insurance Regulatory Commission of Sri Lanka (IRCSL).
