Orient Insurance opens in Trincomalee

CEO Tanuj Edward

Senior Vice President of Sales and Distribution Rochana Kulatunge

Orient Insurance Ltd., recently opened yet another fully-fledged state of the art Branch office in Trincomalee, situated at the convenient location No.113, Thirugana Sampanther Street, Trincomalee.

The new office boasts easy access, ample parking, and many customer conveniences. 

The prime motive of the company in expanding its reach throughout the country is to take Insurance closer to the doorsteps of every Sri Lankan and in pursuit of this the company now consists of 34 customer touchpoints in Sri Lanka. Orient Insurance Limited, Associated Motorways, and Capital Leasing & Finance are part of the same multinational conglomerate, Al-Futtaim Group.  

Orient Insurance Ltd CEO Tanuj Edward observed, “Orient Insurance had dedicated this year to bring insurance closer to the doorsteps of our valued business partners and customers and this branch opening too is in pursuit of this objective.” He further added that “the insurance awareness and penetration levels in Sri Lanka are extremely low and Orient Insurance is making a conscious decision and is very keen to take every possible step to educate customers and bring protection closer to them. We are fully committed to partner with the people of eastern province, the leasing and bank sector partners in pursuit of the above objective. “ 

Senior Vice President of Sales and Distribution  Rochana Kulatunge said “under the prevailing social and economic circumstances, we as a responsible corporate citizen in the country, aim to serve all stakeholders, our clients, partners, staff, and the wider community while growing our reachability. Everyone should win in this current volatile environment.” Amidst much fanfare from regional invitees, the Trincomalee Branch Manager Sandun Jeewantha accepted formal responsibilities from   Sumith Parakatawala, Vice President of Branch Operations for the Northern Zone. 

Orient Insurance comprises of well-trained staff with industry experience and a management team with proven caliber and experience spanning over a decade in the insurance sector. Each member of its senior management team has worked and gained experience under local and multinational insurance companies during their long careers. 

Coupled with ease of doing business, competent claims settlement, and round-the-clock customer service, Orient stands to make a statement of reliability and trust. Its long-term orientation towards partnership building has pioneered a spirit that drives to create sustainable relationships that are mutually beneficial to all stakeholders.  

Orient Insurance is part of a large multinational powerhouse present in many countries. Its head office, Orient Insurance Company is equipped with an “A Strong” rating from globally renowned S&P and “a+” from AM Best. Therefore, the Orient brand promises financial stability in the global marketplace. Orient Group of Insurance Companies despite the impact of COVID 19, reported a net profit of USD 117 million, the company’s gross premiums stood at USD 1.15 billion in 2020, strengthening its position as the UAE Insurance Market Leader. Mr. Omer Elamin, President – Orient Group, said: “2020 marked another excellent year for Orient where we delivered strong results consolidating our position as the market leader. The excellent results are a confirmation of our market leading position in all financial parameters - Premium, Net profit, Equity and Investments. We look forward to building on the momentum generated, as we leverage our proven ability to navigate the current dynamic market challenges. The strong results are a testament to the trust and support of our clients and business partners.”

Along with the strength of a multinational, Orient Insurance Sri Lanka is fully compliant with the solvency requirements of the regulator. The company believes that the core of their business is the “customer” and persistently strive to win loyalty through “superior service” to all customers and partner organizations.