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Union Assurance only Insurer to clinch two awards at the National Business Excellence awards 2011

Union Assurance, one of Sri Lanka’s largest provider of life and general insurance solutions continued its winning streak at this year’s National Business Excellence awards 2011.

Comfortably relating to their position in the industry, Union Assurance clinched the Gold award in the insurance sector. This was the 3rd consecutive year in which they were nominated and received an award in this category.

Union Assurance ability to remain sustainable and competitive was reflected in the growth momentum achieved in both life and general insurance segments of the business. Scaling up the Union Assurance brand 5 places from 33rd to 28th in 2011 and receiving an ultimate brand rating of AA+ with a brand valuation of Rs 1.22 billion on ‘Brand Finance’s Most Valuable Sri Lankan Brands’ were also contributing factors.

“The recognition received at the National Business Excellence awards is a testimony of our continued commitment to deliver the promise of trust to all stakeholders. The award simply recognizes the dedication of each and every team member of Union Assurance, without whom this would be impossible. This is their victory to celebrate” said Mr Dirk Pereira – CEO Union Assurance.

For the 3rd consecutive year, Union Assurance also won an award for Excellence in Performance Management Practices. This award was made more significant as Union Assurance was the only insurance company to be recognized under this category.

The National Business Excellence award is conducted by the National Chamber of Commerce of Sri Lanka, to recognize performance and excellence of the corporates in Sri Lanka whilst inspiring and rewarding them.

Union Assurance recently launched the first standalone health policy in the country ‘Union Family Health Net’. The policy offers protection upto 150% of the annual limit for 30 critical illnesses and free accidental death cover of 200% of the annual limit. This is yet another innovative product launched by Union Assurance that is appealing to the consumer and is relevant to current market situations.

Union Assurance is known for its transparency and convenience with a brand promise built on trust and strongly believes in continuous learning and improvement and achieving what is required to provide quality service.