Business
‘Amana Takaful Insurance continues to surpass expectations’
Continuing to exceed stakeholder expectations, Amana Takaful Insurance PLC posted robust and resilient financial performance figures for Q2 of 2022. The company witnessed a sales revenue (Gross Written Premium) of LKR 1.6 Billion, recording a remarkable 42% year-on-year growth for the period under review (Q2). This puts Amana Takaful Insurance amongst the fastest growing insurance companies in Sri Lanka for the 6th consecutive quarter, since the company’s rebranding, which occurred in January 2021.
Cumulative revenue growth in Q2, measured across a 2-year period (2020 vs. 2022), stood at a staggering 69%, further attesting to the robust growth the business has enjoyed during this period. The Company’s motor and non-motor insurance businesses have both grown faster than industry averages, with motor insurance in particular posting a significantly higher than industry-average growth in Q2. This reinforces Amana Takaful Insurance’s message of being one of the best providers of motor insurance in Sri Lanka. The Company also recorded significant growth in the non-motor insurance sub-classes of marine and medical insurance.
Commenting on the Company’s achievements during Q2, Hassan Kassim – Managing Director at Amana Takaful Insurance PLC said, “Our strategic planning initiatives have continued to work in our favour. Our diligent market data gathering and analytics, revamped processes, and consumer outreach strategies have enabled us to position ourselves as a top choice for insurance in consumers’ minds. This has empowered us to achieve the remarkable performance figures that we have, over the past 18 months, amidst an unprecedentedly challenging economic environment. We have been able to effectively position our proposition, through new products such as Total Drive Prestige, which provides special protection for high-value vehicles. Moreover, we have also been able to consistently deliver on our proposition and promise, through our on-time claims pay-outs as well. Thus, we take this opportunity to thank our customers for placing their trust in us, while also recognizing the exceptional efforts of our people, as we work together towards our collective goals.”
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.”
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