Union Assurance PLC held the Annual Awards 2021 to honour its top achievers for their exemplary performance. The ceremony was held at the Monarch Imperial on May 8 2022, under the theme ‘Crowning Excellence.’ This event, which crowned the champions, was graced by a distinguished leadership team that included Chairman of John Keells Holdings, Krishan Balendra and Chief Executive Officer of Union Assurance, Jude Gomes.
The awards ceremony recognised the exceptional performance of over 670 award winners, making it the highest number of annual award winners in the Company’s history, a feat driven by a record-breaking performance in 2021. The winners comprised advisors, agency leaders, regional managers, and zonal managers from the island-wide Agency network. The top achievers in the Agency channel (including Best Zone and Best Region) were honoured, while the Ultimate Champion Kalum Jayasinghe was rewarded with a flashy Mercedes-Benz car. Chanaka Appuhamy was also presented with a Mercedes-Benz for his Top of the Table Club achievement. The CEO of Union Assurance, Jude Gomes lauded the winners for delivering outstanding results.
He described their achievements as remarkable since 2021 was full of challenges arising from the pandemic. “We achieved spectacular business growth, excelling in everything from gross written premium to profits and income,” he emphasised. The Company recorded the highest regular new business growth among top life insurers, and became the industry’s second largest regular new business producer. It produced 300 qualifiers in the Million Dollar Round Table (MDRT) – the highest in the history of Sri Lanka’s life insurance industry. According to Gomes, their technology-driven strategy has led to a rapid digital transformation as a new age, futuristic company. “The seamless digital experience offered to consumers revolves around the Clicklife app that revolutionised Life Insurance servicing in Sri Lanka,” he asserted. Another pioneering initiative was Health 360. This breakthrough health insurance solution covers a range of health issues to ensure the well-being of policyholders.
Gomes expressed confidence that 2022 would also be a successful year despite unprecedented challenges. The Chief Distribution Officer of Union Assurance, Senath Jayatilake thanked the team for their outstanding performance. He attributed this to their professionalism, hard work and dedication. “Despite 2021 being a challenging year, your passion and contributions have propelled the Company to new heights, scripting many noteworthy landmarks along the journey.”
He added, “I’m immensely proud of our team, and I’m confident that they will reach even higher in 2022.” Union Assurance notched remarkable achievements in 2021. Among their successes was the historic achievement of producing the highest number of MDRT qualifiers in the Life Insurance industry of Sri Lanka.
The annual awards ceremony was enlivened by several entertainment acts throughout the evening and night. These included scintillating performances by Umaria Sinhawansa and Shanudrie Priyasad. Union Assurance is a part of the John Keells Group, one of Sri Lanka’s largest listed conglomerates. It is among the most awarded Insurance companies in Sri Lanka, completing over three decades of success with a market capitalisation of Rs. 17.9 billion, a Life Fund of Rs. 49.7 billion and an investment portfolio of Rs. 58.5 billion as of March 2022.
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 3,000-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.