Business
Sri Lanka Insurance Corporation geared for growth and stability in 2023
Pioneering insurance provider Sri Lanka Insurance Corporation (SLIC) is set to spearhead yet another year of steady growth building on the momentum of a resilient 2022.
The Company illustrated its strength recording a Gross Written Premium (GWP) of Rs 20.7 billion in the Life Insurance sector and Rs 20.5 billion in the General Insurance sector.
In 2022, SLIC declared the highest ever life insurance bonus in the insurance industry, offering Rs 9.8 billion for the year 2021 to its Life Insurance policyholders. Despite the challenging economic and social backdrop, the company’s asset base increased to Rs.276 billion and the life fund to Rs. 158 billion at the end of the third quarter of the year 2022, the largest in the country.
“Our 60 year legacy is a journey of sustainable growth, success and resilience fueled by integrity and our determination to create value and safeguard the interest of our policyholders and other stakeholders. Over the years, we have rightfully claimed the reputation of a stable insurer with exceptional principles, robust work ethics and a sense of direction and vision. We continued to lead the industry through our efforts by viably thriving our economic, social, and environmental impact. Hence, we remain confident in our ability to steer forth through turbulent waters and grow,” said Chairman of SLIC, Ronald C. Perera, PC.
SLIC offers its extensive policyholder base a diversified and innovative product portfolio. Moreover, the company provides several value-added services, hassle-free customer services and facilitates convenience and ease of access to policyholders with a branch network of 190 spread across the country – deciding factor in its ability retain customers in the long-term.
“The year 2022 was one of the most challenging years in our recent history. We relied on our six decades of expertise, process excellence and reputation as an insurer with transparency and integrity to navigate the challenging times, with ease. Our timely strategic impetus allowed us to overcome obstacles and perform well in all fronts in 2022. We will continue to build on that momentum and create sustainable value for all our stakeholders,” said Chief Executive Officer of SLIC, Chandana L. Aluthgama.
Along with the strong financial strength, SLIC secured a number of awards and accolades during the year including the ‘Most Loved Insurance Brand’ and ‘Most Valuable General Insurance Brand’ for the 5th consecutive year by Brand Finance.
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
