Ceylinco Insurance ranked 6th among Business Today Top 30 | Daily News


 

Ceylinco Insurance ranked 6th among Business Today Top 30

Ajith Gunawardena, Executive Chairman / Chief Executive Officer of Ceylinco Insurance PLC, receives the award from  Prime Minister Mahinda Rajapaksa as  R. Renganathan / Chairman, Ceylinco Life looks on.
Ajith Gunawardena, Executive Chairman / Chief Executive Officer of Ceylinco Insurance PLC, receives the award from Prime Minister Mahinda Rajapaksa as R. Renganathan / Chairman, Ceylinco Life looks on.

Ceylinco Insurance PLC enhanced its rankings in Business Today’s Top 30 listing by moving up to the 6th position, thereby reinforcing its dominance as an outstanding performer in the corporate sector for the year 2018/19.

Once again, Ceylinco Insurance earned the honour of being the only Insurance Company amongst the top 30 companies. Sri Lanka’s top 30 companies were felicitated at a ceremony held at Hilton, Colombo, recently. The occasion marked the seventh consecutive year that Ceylinco Insurance came out ahead in the insurance arena in the island.

Ajith Gunawardena, Executive Chairman / Chief Executive Officer of Ceylinco Insurance PLC accepted the award from Prime Minister Mahinda Rajapaksa. He was accompanied by Rajkumar Renganathan, Chairman of Ceylinco Life Insurance. Business Today Top 30 is based on published information of companies listed in the Colombo Stock Exchange (CSE). The companies are selected on the basis of their performance during the financial year ending 31st December 2018 and March 31, 2019.

Ajith Gunawardena, Executive Chairman/CEO, commenting on this unique achievement said, “I would like to express my gratitude to our loyal customers for placing their trust and belief in us through the most challenging times. It is their loyalty and confidence that motivates us to reach higher, as we make every effort to serve them beyond their expectations. Similarly, I thank each and every one of our employees, who I consider members of our large family, for their dedication, commitment, courage and professionalism that ensures we deliver an exceptional service. They always do their utmost to live by our promise, overcoming all obstacles, especially in instances such as On The Spot Claim settlements, which is considered a world’s first. I wish to dedicate this recognition to our valued customers, our staff and my fellow directors for enabling us to reach another milestone in our dynamic journey.”

In another record-breaking year, the Insurance sector of Ceylinco Insurance PLC recorded an impressive premium income of Rs. 37.6 billion in 2019, with Ceylinco General Insurance surpassing Rs.19.8 billion, just as Ceylinco Life Insurance registered a premium income of Rs. 17.8 billion. As the clear market dominator in the Insurance sector, both Ceylinco General Insurance and Ceylinco Life Insurance remained far ahead of competition in 2019. Ceylinco General Insurance and Ceylinco Life Insurance also enjoyed the privilege of being voted the ‘People’s Insurance Company’ for the 13th consecutive year in 2019. This award reiterates the high regard with which the company is viewed by the general public and for its continuous contribution towards enhancing the socio-economic development of Sri Lanka.

 


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