Sep
HNBA Assurance PLC (HNBA) felicitated themaestrosof theAdvisor Force at the recently held Annual Sales Convention. The 13thSales Convention of HNBA was held attheCitrusHotel, Waskaduwa. This nightof celebrationwas graced by the presence ofChairperson of HNBA and its fully owned subsidiary,HNB General Insurance Limited (HNBGI), Mrs. Rose Cooray as Chief Guest,Members ofthe Board of Directors of HNBA together with the Management of HNBA and HNBGI. The theme of the night highlighted the MayanCivilization, depictingbravery, strengthand innovativenessof the Advisor Channel and the Company.
Sharing her thoughts, Chairperson of HNBA & HNBGI Mrs. Cooray stated “this star-studdednight celebratesthe extraordinary performance of our Advisor Force. The Advisor Force has proven to bethe backbone of the insuranceindustry and has played a pivotal role inbringing the Company where it is today. I‟m extremely pleased on the performance of our Advisor Forcedelivered during 2017andhonored to witness their great achievements”.
Managing Director/CEO of HNBA and HNBGI Mr. Deepthi Lokuarachchi, shared his thoughts stating, “tonightwe laud and honor the go-getters of our AdvisorForcefor their commitment, dedication and more importantly for their significant contribution towards business growth. The Advisor Force generates a Gross Written Premium (GWP) accounting for 70% of the total GWP and over the years, the Advisor Forcehas
immensely contributedto the success of the Companyby capturing growth opportunities as well as intrailblazing andseizing potentialmarket segments”.
Speaking at the event, Chief Operating Officer of HNBA, Mr. Prasantha Fernando stated “tonight we celebrate and pay tribute to our Advisor Forcewhichhas shown relentless passion towards the business by striving for excellence and growing the businessdespitestiff competition in the industry.And I‟m surethatwiththesegreatachievements our Advisorswill continue to growas the business continues to reach new heightsin its journey”.
Chief Business Officer of HNBA Mr. Ivan Nicholas thanked the Advisor Force stating, “We‟re extremely proud of what ourAdvisor Force has achievedover the yearsand we‟re grateful for the sheer enthusiasm, commitmentand the winning spiritof our Advisor Forcein growing the business. Our Advisors with no doubt exemplifies to the true valuesof anobleLife InsuranceAdvisor and we‟re sure that the Advisor Force will continue to yield extraordinary results by setting new benchmarks in the industry”.
The 13thSales Convention of HNBA felicitated 227top-notchAdvisors under categories of Bronze, Silver, Gold and SuperGold including awardsfor the Best Service Center, Best Zonal Manager, Best Cluster Manager, Best Regional Office Manager and Million Dollar Round Table (MDRT) qualifierswere also recognized at the event. The most esteemed awardof the night„the Best Sales Person of the Year‟ was awarded to Mr. R. E. S. Liyanage.
Aug
HNB Assurance Group delivered impressive financial results for the 1sthalf of 2018, posting a Profit After Tax (PAT) of LKR 805 MN. The 1sthalf PAT is inclusive of the regular profits together with the One-off Surplus which arose from the insurance industry valuation rule change as well as the 1stquarter valuation of the Life Fund under the new valuation method. The profit growth thus reflected the 357% growth over prior. However, the resultant increase remains uniquely applicable only for the year 2018, the Company communication stated. The Group recorded a Gross Written Premium (GWP) of LKR 4.2 BN depicting a growth of 12% amidst very tight market conditions when compared with the GWP of LKR 3.8 BN recorded during the corresponding period of 2017.
Sharing her views on the financial results, Mrs. Rose Cooray, Chairperson of HNBA and HNBGI stated, “The Group has made progress during the first half, further strengthening our footprint in the insurance industry. These impressive results were achieved amidst many economic and operational challenges. The first half operating results showcase solidity of the HNBA Group and the improved efficiencies of the Life and General businesses and the strategies in place to cater to the insurance needs of our community. Both businesses of the Group are committed to deliver value to all stakeholders as well as to further consolidate firm standing of the Group in the insurance industry”.
Expressing his views on the first half financial results, Mr. Deepthi Lokuarachchi, Managing Director/CEO of HNBA and HNBGI stated, “These results are an outcome of the Group’s well-founded strategies and well-focused management practices. In a challenging economic backdrop, the Group was successful in achieving a GWP growth of 12% during 1H 2018”. Speaking on the performance of each business, Managing Director/CEO, Mr. Lokuarachchi commented “classes such as motor and fire of the General Insurance business showcased an impressive growth while other classes including the Life Insurance business have grown consistently with the
market ratios of growth. Total assets of the Group reached LKR 20 BN and the investment in financial instruments surpassed the value of LKR 16.5 BN. As at 30thJune 2018, the Life Insurance Fund reached a value of LKR 11.6 BN and the General Insurance Fund reached a value of LKR 2.6 BN”. Speaking on the Group’s future prospects, Mr. Lokuarachchi added that the Group remains confident of its ability to deal with ongoing and imminent challenges facing the business and to grow beyond benchmarks.
Jul
Taking the initial step to create awareness on the causes and prevention of cancer, HNB Assurance PLC (HNBA) held a workshop for its staff recently. This workshopwas conducted by Dr. Suraj Perera, Board Certified Specialist in Community Medicine and Consultant Community Physician of the College of Community Physicians of Sri Lanka.
Sharing his thoughts Managing Director/CEO of HNBA and its fully owned subsidiary HNB General Insurance Limited, Mr. Deepthi Lokuarachchi stated “as a business sworn take care of our community, we believe that real protection and care truly begin with individuals taking care of themselves and leading a healthy lifestyle and thereafter by encouraging their families and friends to follow similar steps. In the backdrop of the launch of our Hope Cancer Insurance plan, we realized that a workshop of this nature will help in educating as well as in creating awareness firstly amongst our staff for the betterment of themselves and their families and as we believe that our staff would carry this message to the community as ambassadors of the brand”.
Sharing his views on the Cancer Insurance Plan, Chief Operating Officer Mr. Prasantha Fernando stated, “our lifestyles, health habits even hereditary conditions contribute to the development of a cancer and cancer can touch us all at any point in our lives despite our social strata. Hence, it is up to us as individuals to take necessary measures to protect ourselves. The cost of cancer treatment could often pose a threat to family savings and the financial foundation. Considering all these aspects, HNBA launched its Cancer Insurance Plan, „Hope‟ with the primary objective of providing a ray of hope through financial protection to those individuals and families to overcome this dreaded disease”.
Speaking at the workshop Dr. Suraj Perera stated “this workshop was conducted with the aim of creating awareness on cancer and its prevention. Amongst many contributing factors for the development of a cancer, unhealthy dietary habits, smoking, consumption of alcohol and chewing of betel are identified as the top
causes for cancer and it is important to communicate these to individuals as prevention with no doubt is better than cure. Workshops of this nature surely help in making a lasting influence amongst responsible individuals. And we believe that heightening people‟s awareness on cancer and its precautions is the first step towards fighting cancer and will helpin making a difference in their lifestyles which will ultimately have a positive impact on the wellbeing of our community”.