HNB Assurance wins Gold at SAFA

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By 2017-02-15

HNB Assurance PLC (HNBA) won the Gold Award at the South Asian Federation of Accountants (SAFA) Annual Report Awards under the Insurance Sector category in Dhaka, Bangladesh recently.

CEO of HNBA and its fully owned subsidiary HNB General Insurance Limited (HNBGI), Deepthi Lokuarachchi said, "We are honoured to receive this prestigious award, as this exhibits the commitment of the Company and the continuous measures to disclosing transparent, reliable and relevant financial information to our stakeholders. The annual report of a company, is its calling-card to inform all of its stakeholders on its financial, non-financial information, as well as the Company's sustainable business practices and procedure. Over the years, HNBA has set a benchmark in financial reporting and the Company will continue to disclose financial information adhering to accounting practices and legislative requirements".

HNBA and HNBGI CFO, Indika Perera said this was an acknowledgement the Company received for its robust practices in financial reporting and presentation, especially from a body which looks into accounting standards of leading corporations across the region. Speaking further, Perera expressed his gratitude and said, "The Company witnessed this victory as a result of dedication, commitment and collaboration of an astonishing team in completing the Annual Report of the Company". The Annual Report won multiple honours this year for its reporting standards, presentation and transparency.

HNB Assurance PLC (HNBA) is a fast growing Insurance Company in Sri Lanka, with a network of 56 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for 'National Insurer Financial Strength Rating' and 'National Long-term Rating'. Following the introduction of segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced operations in January 2015; HNBGI specializes in motor, non-motor and Takaful Insurance solutions and is a fully-owned subsidiary of HNB Assurance PLC. HNBA is rated within the Top 100 Brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won International Awards for Brand Excellence, Digital Marketing and HR Excellence and also won many awards for its Annual Reports at the award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and SAFA.

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