Business
Sri Lanka Insurance Corporation General Limited organizes CAR insurance session for constructors enabling risk management roadmap
Sri Lanka Insurance Corporation General Limited (SLICGL) hosted a comprehensive CAR (Construction All Risks) insurance Awareness Session at Courtyard by Marriott Colombo recently to educate stakeholders from the construction sector and the Road Development Authority (RDA) on the crucial role of CAR insurance in mitigating risks inherent to construction projects.
The session covered various facets of CAR insurance, including its scope of coverage, benefits, risk assessment, policy features, claims management, and best practices in risk mitigation safeguarding projects against unforeseen risks and liabilities.
The session also emphasized SLICGL’s commitment to supporting the growth and resilience of the construction sector while ensuring the protection of stakeholders’ interests and investments. SLICGL endeavoured to facilitate meaningful dialogue, knowledge exchange, and networking opportunities to collectively address the risk management challenges faced by the construction industry, both in the public and private sectors.
The insightful program was led by Dr. Weedige S. Sanjeewa, a renowned expert in the field of insurance and Head of the Department of Insurance and Valuation at Wayamba University of Sri Lanka. Dr. Sanjeewa’s extensive knowledge and industry experience provided invaluable insights into the intricacies of CAR insurance, equipping participants with essential knowledge to navigate the complexities of risk management effectively.
During the session, expert speakers and industry veterans explored various aspects of CAR insurance, including its scope of coverage, benefits, risk assessment, policy features, claims management, and best practices in risk mitigation. The event served as a platform for stakeholders to enhance their understanding of the crucial role CAR insurance plays in safeguarding construction projects against unforeseen risks, liabilities, and potential financial losses.
The target audience for the session included construction companies, contractors, project managers, engineers, and officials from the Road Development Authority (RDA) involved in infrastructure development projects.
The initiative is particularly significant as Sri Lanka witnesses’ rapid infrastructure development and construction activity, highlighting the importance of robust risk management practices and adequate insurance coverage.
Construction projects are inherently exposed to a myriad of risks, ranging from natural disasters to third-party liabilities and unforeseen accidents. CAR insurance serves as a vital risk management tool, providing comprehensive coverage and enabling stakeholders to mitigate potential disruptions and financial setbacks.
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.”
