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Brand ambassadors for HNB Assurance

HNB Assurance PLC announced that it has engaged the services of two outstanding personalities in the field of music, Bathiya and Santhush, as its brand ambassadors for a period of three years. This was announced at a special media conference held on Tuesday (16) at the Galadari Hotel, Colombo.

Managing Director of HNB Assurance; Manjula Silva said, "Within the last nine months of 2008 HNB was capable enough to mark a turnover growth of 30 percent and a profit of 33 percent. HNB Assurance PLC is regarded by many as the fastest growing insurance company in Sri Lanka. Despite just completing seven years of operation, it has grown rapidly to secure the sixth rank in terms of combined turnover among 15 insurance companies operating in Sri Lanka".

"The company is excited and privileged to have Bathiya Jayakody and Santhush Weeraman as our brand ambassadors and this will mark a milestone in the HNB Assurance. We indeed have three good reasons for selecting Bathiya and Santhush. One reason is making aware of the importance of the insurance to our people, since the penetration of life insurance is very low in Sri Lanka. Ten percent of the total population is coverd by life insurance while related to GDP it is less than one percent. Most of the people look at insurance when they are over 40 years, but together with Bathiya and Santhush we are looking forward to encourage the youth and offer the benefits of having an insurance at an early age. Motivating our people and to energize them is another reason in choosing our brand ambassadors. Third reason was to furnish people with positive thoughts in contrast to negative judgments of the international and local breakdowns in the market", he added.

Fitch Ratings Sri Lanka has given HNB Assurance PLC, a national insurer financial strength rating of ‘A (lka)’ with stable outlooks. HNB Assurance is the second insurer in Sri Lanka to obtain a rating of its financial strength from Fitch Ratings. HNB Assurance also became the proud winner of the Silver Award in the insurance sector category at the Annual Report Competition 2008 conducted by the Institute of Charted Accountants of Sri Lanka. This was the fourth consecutive time the company has participated in this competition and in all such instances company has won recognition.

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