Business
Janashakthi Life surpasses industry averages in key parameters of Life Insurance business
Maintaining its upward growth trajectory of 46%, leading insurer Janashakthi Insurance PLC, outperformed the industry averages by surpassing all key performance indicators of life insurance business namely number of policies, new business / first year premium, renewal premium and total premiums as at 31st March 2021.
The leading insurer recorded a growth of 46% for the first quarter of the financial year 2021. The Company’s Investment income indicated a growth of 21% at LKR 527 Mn. During the quarter, Janashakthi Life honoured claims of LKR 526 Mn as at 31st March 2021.
“This is the third year since we renewed our sole focus on Life Insurance in 2018, in a well-calculated strategic move. The growth we experienced in the first quarter of this year is a testament to our innate ability to succeed even amidst overwhelming odds. The year 2020 proved to be one of the toughest that we have encountered, given the social and economic downturn that the entire nation experienced due to the COVID – 19 pandemic and its spill over effects. However, we were able to adapt effectively to navigate these difficult times. We were able to serve our customers by introducing innovative and relevant products such as COVID Guard during this period. Such product innovation as well as prudent financial and business measures allowed us to continue to seek growth during the first quarter of 2021,” commented Prakash Schaffter, Chairman of Janashakthi Insurance PLC.
“It is significant to note that the company has surpassed industry performance during the period under review recording a growth of 150% in number of Lives Insured, 54% growth in New Business (first year premium) and 29% increase in Renewal Premium as at 31st March 2021. We are humbled by the trust and confidence our policyholders have placed in us and it is the cornerstone of our success even during these challenging times. Reinforcing our commitment to fulfil the protection needs of our customers we are happy to note that we are backed by a solid infrastructure and an island wide branch network of over 75 branches, geared to take on the unfolding challenges and serve our policyholders during these testing times and beyond,” said Ravi Liyanage, Director/ Chief Executive Officer of Janashakthi Insurance PLC.
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
