Business
Amana Takaful Insurance continues growth momentum in second quarter
Amana Takaful Insurance (ATI), Sri Lanka’s fully fledged insurance company, announces that its 2021 first quarter record performance has been successfully sustained during the second quarter as well. ATI has triumphed Q2, with an 18% YoY sales growth – the highest second quarter YoY growth performance among the top 10 General Insurance companies in Sri Lanka.
Head of Corporate Strategy at ATI Rajitha Obeysekera, elaborating on the company’s Q2 performance said: “ATI had recorded a significant growth during the first quarter of 2021, with a strong 27% YoY growth. The continued momentum to witness an 18% sales growth in Q2 is of paramount importance, since nationally, the general insurance market has been on the decline due to the Covid-induced difficulties. In fact, this is a double win for the company. Not only did it continue to grow in a time-period of decline, the company did so while facing many pressures of the new normal: macro-economic pressures, and the subsequent drop in the prioritization of insurance by the people. We attribute this double-win to our customer-centric approach, and being able to provide our clients with their most desired insurance solutions.”
In the second quarter, ATI reports growth in all main insurance categories – despite some categories having witnessed an industry-wide decline. Its largest non-motor insurance growth in Q2 was Marine Insurance, growing at 74% YoY for Q2. ATI’s Medical Insurance, the second largest growth segment, reported 59% increase. Non-Motor Insurance overall grew by 30%, while Motor insurance grew by 8% YoY for the second quarter – both segments above industry growth averages. The Fire and Engineering segment grew by 29% as well.
The Managing Director at Amana Takaful Insurance Hassan Kassim comments: “Our Group assets too recorded an increase of 16% (to Rs 8.2 Billion) in the first half of 2021. Our corporate promise earlier this year, to provide our support and services ‘To Every Sri Lankan, as one’ reflects the new service orientation of Amana Takaful Insurance, in providing peace-of-mind through innovative and customer-centric insurance solutions, to Sri Lankans of all walks of life. We have pioneered different novel product concepts in the Sri Lankan insurance sphere, especially across the motor and medical insurance product portfolio. This has attracted a lot of trust and respect towards the brand, enabling us to continue the company’s growth. The ATI team led by CEO Shehan Feisal, worked tirelessly and I wholeheartedly thank the team for their commitment.”
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
US sports envoys to Lanka to champion youth development
Rahuman questions sudden cancellation of leave of CEB employees
