Union Assurance Toasts to Success with Bank Partners

Union Assurance PLC, Sri Lanka’s No. 1 Bancassurance provider, recently celebrated its strong and successful collaboration with its banking partners at a Partner Appreciation Night held at the Shangri-La Colombo.

The event was hosted by the Chairman and Group Executive Committee of John Keells Holdings PLC (JKH) along with CEO of Union Assurance and was attended by the top management of all bank partners, as well as UA Executive Committee members.

The event celebrated the success of 2022, which included breaking its own record of 1 billion ANBP, while expanding the Company’s customer-centric solutions for the Bank customers. The Bancassurance success was driven by strong cooperation between UA and its partners, customized solutions for it’s clients, digitally driven processes and superior customer services. During the event, the bank partners were acknowledged by JKH and UA senior officials for their contributions to the 2022 milestones.

Welcoming the guests, Vindya Cooray, Chief Bancassurance Officer of Union Assurance thanked the partners for being an integral part of UA’s Bancassurance journey and for being instrumental in contributing to the Company emerging as the No. 1 Bancassurance provider in the country.  “I’m extremely happy to see all our bank partners present here today to celebrate a great 2022 and we are confident that we will continue our success in the coming years. Together, we have been able to provide bank customers with comprehensive solutions to protect their lifestyles and ambitions,” she noted.

The Deputy Chairman and Group Finance Director of John Keells Holdings PLC, Gihan Cooray, commended the Bank Partners for their tremendous support to UA despite challenging times.

Paying tribute to the Bank Partners, Jude Gomes, the CEO of Union Assurance, proposed the toast. “Thank you for taking the time to join us here today. Despite the numerous challenges we faced in the operating environment, the Company has been able to lead the industry in Bancassurance by establishing itself as the market leader in Sri Lanka with New Business Premiums exceeding Rs. 1 billion for two years running. These milestones would not have been possible without your support and contribution.”

He further added, “It has been a privilege to have each of you as partners as we celebrate our success and strong collaboration. I appreciate the trust you have placed in us, as well as your commitment and dedication to making this challenging year a success. With our emphasis on service excellence, innovation, and digital leadership, we will contribute to close the protection gap, empowering the Sri Lankan dream. May our partnerships and businesses grow stronger in the coming year. A toast to 2023.”

The evening, which was filled with camaraderie and fellowship, concluded on a high note.

Union Assurance is part 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. 16.6 Bn, and a Life Fund of Rs. 54.7 Bn as of September 2022. Aiming to empower the Sri Lankan dream, Union Assurance offers Life Insurance solutions that cover education, health, investment, protection, and the retirement needs of Sri Lankans. With an island-wide branch network and a workforce of over 3,000, Union Assurance continues to invest in people, products, and processes with a customer-centric focus to be responsive to emerging challenges in the Life Insurance industry.