HNB Assurance PLC (HNBA) together with its fully owned subsidiary, HNB General Insurance Limited (HNBGI), has surpassed the Rs. 10 Billion mark in terms of its turnover for the year ended 3 December 31, 2020. The company is a leading life insurance provider.
Chief Executive Officer of HNBA and HNBGI Prasantha Fernando said, “The HNBA Group kick-started the new year with this remarkable achievement under its belt despite the impact of an ongoing global pandemic. The Group was able to achieve this milestone in terms of its Gross Written Premium (GWP) as a result of a well-curated business strategy, service excellence, product deliverables to suit the needs of our customers, an efficient claims settlement process, all delivered by a team of happy and motivated employees.”
Chief Operating Officer of HNBA Lasitha Wimalaratne, stated, “HNBA as a leading life insurer has stood by its promise to take good care of its customers and its employees especially in an extremely volatile and challenging environment, and being at the forefront of a competitive industry, HNBA has exercised excellent business strategy, product innovation and service enhancement initiatives to deliver outstanding returns to all stakeholders. As an entity that holds great responsibility within the financial services sector of the country, achieving the Rs. 10 billion mark during a time of economic uncertainty has aptly demonstrated the group’s agility and business strategies executed meticulously to transform unprecedented challenges into opportunities. Thus, this is a brilliant testament to the Group’s growth and a firm footing in the market. I’m thankful to the dedication and commitment of our dynamic teams, and for their fabulous drive to achieve the impossible”.
Chief Operating Officer of HNBGI Sithumina Jayasundara, said, “Surpassing the Rs. 10 billion mark in revenue generation was a landmark achievement gained by the collective efforts and contribution of the agency channel, corporate sales unit, takaful unit, broker and leasing channels. It surely is a massive achievement for any entity, especially considering the current economic backdrop.”
