Ceylinco Insurance ranked as Sri Lanka’s most respected insurer

Monday, 14 September 2020 00:50 - - {{hitsCtrl.values.hits}}

Ceylinco Insurance Executive Chairman/CEO Ajith Gunawardena

Ceylinco Life Insurance Executive Chairman Rajkumar Renganathan

Ceylinco General Insurance Managing Director/CEO Patrick Alwis

Ceylinco Life Insurance Managing Director/CEO Thushara Ranasinghe

Ceylinco Insurance was ranked as the nation’s most admired and respected insurer as announced by the LMD magazine in its 16th annual edition of the nation’s Most Respected and admired entities.

Ceylinco Insurance PLC comprises the two dominant insurers in the country, Ceylinco General Insurance Ltd. and Ceylinco Life Insurance Ltd. Both Ceylinco General Insurance and Ceylinco Life Insurance maintain their supremacy as the market leaders in General and Life insurance respectively. Having climbed 14 positions from the previous year, Ceylinco Insurance remains in the 12th position amongst the Most Respected and admired entities in the country.

Ceylinco Insurance PLC Executive Chairman and Chief Executive Officer Ajith Gunawardena said: “An organisation that practices innovation can elevate the entity to become a powerhouse of creativity, where pioneering ideas are born and given expression to become fully fledged products and services that enhance people’s lives. We are proud to be one such entity that has repeatedly set benchmarks and set trends for the rest of the industry to follow. Some of our innovative products have reached the grassroots level and their benefits have been reaped by people who would have never thought of getting insurance if it were not offered through convenient channels such as mobile operators and the postal service.”

Ceylinco Life Chairman Rajkumar Renganathan said: “The LMD-Nielsen survey covers a well-informed sample of 800 senior executives of listed companies. It is therefore a credible barometer of public perception, which is essential to business success. Ceylinco Life’s view of its business as ‘A Relationship for Life’ with policyholders is practiced in every aspect of its engagement with customers as well as other stakeholders, and is, we believe, the foundation for its 16 consecutive years of market leadership in the life insurance sector.” Commenting further on the achievement, Managing Director/Chief Executive Officer Patrick Alwis said: “Ceylinco General Insurance is led by a strong customer-centric culture and this is a testimonial to this claim. Delivering protection and satisfaction to customers is the bedrock on which our company is founded. We will continue to deliver best-in-class insurance solutions to cater to every need of customers from all walks of life.”

Ceylinco Life Managing Director/CEO Thushara Ranasinghe added: “Respect is based on trust, a truly precious attribute to any business, but more so for a company in the financial services sector. The trust that Ceylinco Life has earned from the masses over three decades is evident in the Company’s position as the vanguard of the industry, and our parent company’s latest movement up the LMD Most Respected Entities ranking is a reaffirmation that public trust in Ceylinco Insurance remains steadfast.”

Earlier this year, Ceylinco General Insurance and Ceylinco life Insurance were chosen as the ‘People’s Insurance Brand of The Year’ for general insurance and life insurance respectively at the 2020 SLIM Nielson People’s Awards, for an unprecedented 14th consecutive year. Similarly for the year 2018/19, Ceylinco Insurance PLC, reinforcing its dominance in the insurance industry, moved up to the 6th position amongst Sri Lanka’s top 30 companies.