Union Assurance celebrates partnership with Commercial Bank

Union Assurance recently hosted the Annual Awards Night 2022 for the Commercial Bank Bancassurance Channel. 

It celebrated a spectacular record-breaking year for the partnership that has grown consistently over the last 12 years. 

Titled ‘Above and Beyond’, the event reiterated the strong bond between Union Assurance and Commercial Bank. 

Union Assurance CEO Jude Gomes expressed delight over the record-breaking success of the partnership. He noted that this long-standing partnership will be a pillar to drive Insurance penetration in Sri Lanka, narrow the protection gap whilst empowering the Sri Lankan dream. “As Sri Lanka’s largest bancassurance provider, we have surpassed Rs. 1 billion in new business premium for two consecutive years, and Commercial Bank has been an integral part of our success story,” he added.

Gomes congratulated the Commercial Bank team for their exceptional performance and the awards ceremony recognised their hard work and dedication. “Our partnership has vitalised Bancassurance in Sri Lanka, supporting our endeavour in providing customised solutions to the bank’s clients as a one-stop shop,” he added.

Commercial Bank Managing Director/CEO Sanath Manatunge, praised the award winners in the Bancassurance Channel. “Their achievements further strengthen a decade-long partnership, which has grown exponentially over the years,” he said. He also noted that their customers benefit from the broad range of solutions in the portfolio. “Our partnership has thrived in the digital space, which provides a seamless customer experience,” he added. 

Union Assurance Deputy CEO Senath Jayatilake applauded the high performers for their professionalism and commitment. He said they proved their mettle despite operating in a challenging environment. “Their achievements show that service excellence is the key driver to deliver exceptional results,” he added.

At the ‘Above and Beyond’ awards night, the Vavuniya branch won the top accolade – Branch Champion of the Year 2022. The first runner-up was the Nelliady branch while the second runner-up was the Wellawatte branch. The Regional Champion of the Year 2022 was the Northern Region. The first runner-up was the Colombo North Region while the second runner-up was the Uva Sabaragamuwa Region.