Victor Colombage felicitated for five decades of unbroken service
Thursday, 10 October 2013 00:00
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Asian Alliance Insurance PLC Deputy General Manager (Non Life) Victor Colombage was felicitated for his invaluable contribution extended towards the progress and development of the insurance industry throughout an unbroken period of 53 years in service. He was recognised with this prestigious accolade at the 17th Insurance Congress of Developing Countries (ICDC) 2013 successfully concluded on 1 October at the Kingsbury, Colombo.
Asian Alliance Insurance PLC (AAI) believes that this is yet another iconic moment of having the privilege of the services of Chartered Insurer, Deputy General Manager ( Non Life) Victor Colombage, who has surpassed the “50 not out” mark in the insurance industry, with an unbroken innings!
Reflecting on his 50 years within the industry, “When I joined this industry, throughout the pre nationalisation era, state monopoly, and post nationalisation era, whatever the changes and developments that we went through; the one thing that remained constant was underwriting discipline.”
Looking forward Victor is optimistic that the changes and developments of the regulatory landscape that will be introduced shortly through the recent amendments to the regulations of the Insurance Industry Act will bring about more focus and discipline to the industry.
Joining the Industry as a young acolyte at Colombo Assurance as a Junior Underwriter in 1960 just prior to the nationalisation of the Industry in 1962 he rose rapidly among the rank and file of the Insurance Corporation, leading an illustrious career, which culminated as Manager Miscellaneous Accident Insurance Department.
Venturing overseas, Victor worked at the state owned NCCI, in the Kingdom of Saudi Arabia. Due to his pragmatic approach and wealth of experience, he progressed in his illustrious career, matching wits and working amongst many hardnosed expats.
Being the patriotic citizen that he is, he returned to our shores to contribute his knowledge and experience to the growth of the insurance industry. His exposure and training which includes a course conducted by the UNCTAD/ UNDP, on “General Insurance and Insurance Management” has more than proved his worth, within an industry that is in continuous search for qualified insurance personnel.
“Asian Alliance is privileged to have a Golden Jubilee celebrant in its senior management team. The company wishes Victor many more years of a rewarding career, and look forward to his contribution to both the company as well as to the industry, particularly in nurturing and mentoring aspiring young insurance professionals in the years to come.
