HNB Assurance rewards performance

Tuesday, 10 July 2012 01:25 - - {{hitsCtrl.values.hits}}

By Shanuka Tissera

HNB Assurance commemorated the sales teams and individuals able to hit high targets set with prizes ranging from the bronze award to the super gold award, on July 4 at the Hilton.

The company, generally known for its innovation within the insurance industry, successfully brought together both senior and junior staff from around Sri Lanka to share in this momentous occasion.

The theme of the event was how the company is showing steady growth while walking toward the destination of success. Over 200 awards were given out that ranged from the best sales person, group leader, regional leader and best service centre branch.

HNB Assurance PLC has made a steady start in 2012 by posting a 21% growth in turnover and a 17% growth in profit after tax in Q1. Its turnover is measured by the Gross Written Premium (GWP) recorded at Rs. 828.8 million for the three-month period with General insurance contributing Rs. 487.9 million with a 22% growth. Life insurance contributed to Rs. 340.0 million with a 19% growth.

This is the 11th year that HNB Assurance has been around since its inception and it has successfully managed to keep its flag flying high until this day.

HNB PLC Managing Director and HNB Assurance PLC Director Rajendra Theagarajah commenting on how proud he was to share this moment with his team, said: “This event is as important as our Annual General Meeting and our annual Staff Management Convention; the difference is that we are celebrating the success of our faces of the organisation.”

He went on to state how HNB Assurance has a powerful network distribution and a very motivated and committed sales force.

Ending on a powerful note, he asserted: “More business means a greater need for insuring risk, more business means more profit and we want sales but not at the expense of customer integrity and value.”

The Chief Guest at the occasion was the newly-appointed Chairperson of HNB Assurance who is also Chairperson of HNB, Dr. Ranee Jayamaha. “I would like to congratulate all awardees for their tremendous contribution and we as a company must not stop growing,” she emphasised.

The HNB Assurance Chairperson went on to mention how impressed she was by how many people had managed to defend their award for consecutive years. “If we decide to create a museum today, then all of you would be part of history.”

As HNB PLC is one of the largest commercial banks in Sri Lanka and is the single largest shareholder of HNB Assurance, both companies must work in unison to become very powerful and respected. The knock-on effect from HNB Assurance is evident to HNB PLC as through its insurance services it now brings in even more business.

A strong emphasis was made on how HNB staff need to bring market share to a new height and be mindful of their surroundings: “We must prepare for risk especially at this time of the world and convert them into opportunities.”

The year 2011 was too a remarkable year for the company as they recorded Life and General GWP growth of 19% and 27% respectively, surpassing industry growth.