Amana Takaful Insurance’s Hassan Kassim secures Asia Insurance Young Leader Award 2022

Hassan Kassim, Managing Director of Amana Takaful Insurance has secured the coveted Young Leader Award at the 26th Asia Insurance Industry Awards (AIIA) 2022, held earlier this month. The achievement is an unprecedented feat for Amana Insurance and the Sri Lankan insurance industry as a whole, as Hassan is the only Sri Lankan to have won this Young Leader Award of Asia thus far. Furthermore, this was a rare occurrence, where a Sri Lankan company won an award in this forum after nearly 10 years, and the fact that this was achieved amidst an island wide economic crunch provides great reputational value to both Amana Insurance and Sri Lanka as a whole.

Despite the tough competition among all insurance companies in Asia, Hassan’s application for the Young Leader Award certainly stood out thanks to his significant achievements, which have led Amana Insurance to be the fastest growing insurance company in Sri Lanka since the beginning of 2021. His victory was decided by a Panel of Judges which represents a cross section of the industry including regional and international market leaders, association heads, and regulators.

Hassan Kassim was appointed Managing Director of Amana Takaful Insurance in May 2020 at the relatively young age of 32. He stabilised the company from a crisis in 2020 and put it on a growth trajectory. The company had an average GWP growth of 33% in 2021, during which it also ramped up its market share by 29%. The first three quarters of 2022 too have been extremely positive where Amana Insurance managed to grow its YoY revenue by 42%, 42% and 46% respectively, with the latter being among the largest quarterly YoY growth percentages recorded by the company in the past two years.