Zenith Insurance Brokers celebrates 35 years in biz

Thursday, 20 July 2023 03:09 - - {{hitsCtrl.values.hits}}

Hirdaramani Group Chairman Vinodh Hirdaramani cuts the cake to commemorate 35 years in business of Zenith Insurance Brokers Ltd.

By Dilrukshi Fernando

Zenith Insurance Brokers Ltd., recently celebrated 35 years of success with a commitment to further the business.

Zenith Insurance is one of the longest-established insurance brokers in the nation and a fully owned subsidiary of the Hirdaramani Group, founded initially to cater to the insurance needs of the 100-plus-year-old conglomerate. Today it serves customers in a diverse range of sectors in Sri Lanka, such as manufacturing, leisure, technology, power, and transport. “The foundations of our company are built on trust, which is why we take the time to discuss each client's needs and provide tailored advice. We also strive to stay up-to-date with the latest developments in the insurance industry to provide the best solutions for our customers,” said Zenith Insurance Brokers and Hirdaramani Group Chairman Vinod Hirdaramani.

Complementing its well-established business presence, Zenith Insurance Brokers has recorded significant growth, moving from Rs. 200 million plus to Rs. 750 million plus in revenue over the past four to five years, as per statistics shared by the company’s senior management at its 35th-anniversary celebrations.

“A few years back, we realised the potential within our team, as we were already serving a sizable customer base of 20,000-plus staff strength within the Hirdaramani Group. That is when we decided to expand to external customers,” said Zenith Insurance Brokers CEO Nirosh Gooneratne, speaking to the Daily FT. “With the economy gradually stabilising, infrastructure projects and investments flowing into the country, we are optimistic about the future. We have plans to tap into the area of property insurance in the upcoming months,” Gooneratne added.

Zenith Insurance Brokers has a well-established portfolio of tailor-made products in Property Insurance, Marine Insurance, Corporate employee benefit plans, Motor Fleet Insurance, and Life Insurance solutions. Keenly aware of the changes impacting the insurance industry, the company uses technological advancement and evolving customer expectations to remain relevant in today’s market, as adaptability is an essential success factor, both on a global and a local scale.

“Our longevity in the market gives us a unique perspective and insight into understanding how the business environment works. We not only understand today’s changing landscape, but we are also able to put that in clear context to our Sri Lankan customers and the risks and challenges that our customers will face, enabling us to provide customised solutions at the best price point and service to our customers,” said Zenith Insurance Director Aditya Hirdaramani. Since its inception, Zenith Insurance Brokers, with its ethos of placing the customer first, has consistently delivered quality customer service at the most competitive rates throughout its 35-year journey.