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HNB Assurance Group completes impressive third quarter with 21% growth in GWP.

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HNB Assurance PLC (HNBA) and its wholly owned subsidiary HNB General Insurance Limited (HNBGI) ended the third quarter with the Group figures indicating a Profit After Tax (PAT) of Rs. 583 Mn. In terms of Gross Written Premium (GWP), the Group recorded Rs. 13.6 Bn growing by an impressive 21% compared to the previous year. HNBA exhibited exceptional growth during the period by achieving a growth rate twice that of the industry average, while HNB General Insurance Limited (HNBGI) also demonstrated a robust performance, growing at a staggering five times the industry average.

Rose Cooray, Chairperson of HNBA and HNBGI said: “I’m extremely delighted by the outstanding performance exhibited by HNB Assurance Group during the third quarter. Our consistent growth is a clear indication that HNB Assurance as a group is in the forefront of providing exceptional services and adapting to the ever-changing demands of our clientele.

Amidst the slow recovery of Sri Lanka’s economy following a period of significant challenges, both HNB Assurance and HNB General Insurance undertook strategic measures to fortify their operations, which involved equipping themselves with enhanced capabilities, innovative strategies and resilient frameworks to navigate the economic fluctuations and effectively cater to the market. In terms of the performance the group GWP grew by 21% compared to the same period last year. While the Group Assets surpassed the Rs. 48 Bn mark to reach Rs. 48.42 Bn with a growth of 18%. Over the last 10 months, the total equity along with the life fund notably surged, reaching a significant milestone of Rs. 9.1 Bn and Rs. 30 Bn, representing a remarkable increase of 17% and 24% respectively.”

Lasitha Wimalaratne, CEO of HNBA said: “Our strategic focus of enhancing and improving our distribution channels has yielded tremendous results, notably reflected in our impressive 19% growth in GWP to reach Rs. 7.8 Bn, which is almost double the growth rate of the industry and the highest amongst the top tier players, also, the 26% increase in new business premiums compared to the previous year.

In addition to our steady and sustainable growth, winning the ‘Best Distribution Initiative’ award, recognized by Insurance Asia, was extremely heartening as it validated our efforts and well-rounded strategy. While we are happy about the progress made, I believe it’s crucial to sustain it and finish the year on a high. Our team is motivated just to do that and with the surplus transfer from the life fund yet to take place, our collective aim is to close the year strong, ensuring substantial benefits for our shareholders.”

Sithumina Jayasundara, CEO of HNB General Insurance, said: “We have been investing heavily in revamping our core systems and building a solid digital platform, setting us up for the future. These changes are all about making things better for our customers and equipping ourselves for the long run. I’m extremely delighted to see these efforts paying off as we have seen a steady growth in our GWP of 24% when compared to last year, which in comparison to the current industry growth rate reflects a 5-time increase.

Diving further into the numbers, our Non-Motor sector saw a 58% growth compared to the industry’s 12%, while our Motor portfolio grew by 6% despite the industry’s negative growth of 1.3%. I must convey my sincere appreciation to all the sales and other support teams for their efforts and hard work, ensuring that we continue to make remarkable progress as an organization. Additionally, we were also recognized as the ‘Most Customer-Centric General Insurance Brand’ in the country, which is extremely big for us because it shows our commitment to putting customers first. Further, we were recognized with a Bronze Award at the CNCI Achiever Awards 2023, which is yet another validation of our efforts and innovation within the industry.”



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PM underscores the outstanding universal value of Anuradhapura’s Living Heritage at International Expert Conference in Paris

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Prime Minister Dr. Harini Amarasuriya who is on  an official visit to France from 31 March to 2 April 2025, participated in the high-level segment of the International Expert Conference on “An Integrated and Sustainable Approach to Safeguarding the World Heritage Property of the Sacred City of Anuradhapura in Sri Lanka and Associated Living Heritage”, held at UNESCO Headquarters in Paris on Tuesday 1 April 2025.

The International Conference was organized by UNESCO in partnership with the Government of Sri Lanka to showcase the universal significance of the Sacred City of Anuradhapura and its associated living heritage, and to garner international cooperation for its conservation and sustainable development.

Inaugurating the Conference, Director-General of UNESCO Audrey Azoulay warmly welcomed Prime Minister Amarasuriya to UNESCO, while recalling her own memorable visit to Sri Lanka in July 2024 where she had the valued opportunity to witness firsthand the “exceptional heritage” of the Sacred City of Anuradhapura, which she described as “a spiritual hub, a royal capital of over a 1,000 years, and the birthplace of Theravada Buddhism.” Referring to the inscription of Anuradhapura in the world heritage list in 1982, she underscored the importance of global solidarity and international cooperation in safeguarding this extraordinary world heritage for posterity, and the intent of the Conference to explore further means of its conservation and sustainable development through international cooperation. In concluding her address, the Director-General recalled the words of renowned Sri Lankan archaeologist and former President of ICOMOS International Dr. Roland Silva, that Anuradhapura continues to be “a modern wonder of the world.’

Addressing the high-level segment,  Dr. Harini Amarasuriya outlined Sri Lanka’s national vision to preserve the global heritage of the Sacred City of Anuradhapura for education, pilgrimage and heritage tourism, while ensuring the maintenance of a careful balance between conservation, sustainable development, and the needs of local communities. The Prime Minster also extended her deep appreciation to Director-General Azoulay for her vision and leadership which was instrumental in convening this International Conference dedicated to Anuradhapura.

Striking a personal note, the Prime Minister reminisced about her childhood and youthful memories of this heritage city, where she felt “the magic of Anuradhapura, the sense of awe at the creativity and skills of our ancestors.” She described Anuradhapura as “a unique mix of the ’sacred’ (activities belonging to the spiritual realm) and the ’profane’ (relating to the everyday and the material realm),” while also highlighting the advanced architectural and hydraulic expertise of this ancient civilization, whose origins can be traced back to 900 BCE.

Referring to UNESCO’s institutional mandate, the Prime Minister commended the organization—led by the Director-General, the secretariat, and its member states—for its invaluable contributions to advancing global discussions on education reform, mainstreaming cultural recognition, and harnessing knowledge and innovation for global peace and sustainable development amid complex geopolitical challenges.

Delivering the keynote address, the Minister of Buddhasasana, Religious and Cultural Affairs Dr. Hiniduma Sunil Senevi presented the integrated management plan of the Government of Sri Lanka towards the sustainable and integrated management of the Sacred City of Anuradhapura. He reiterated the Sri Lanka Government’s commitment to preserving the Outstanding Universal Value of the heritage site through inclusive, sustainable development. He further urged the international community to join hands with Sri Lanka in safeguarding this shared heritage for future generations, and to ensuring that its benefits reach local communities.

The Conference brought together internationally recognized experts, senior officials of government, development partners, heritage professionals and the diplomatic corps in exploring innovative and sustainable approaches to integrated site management. The key themes discussed comprised the integration of tangible and intangible heritage, capacity building, strengthened community participation, the application of digital tools in conservation, sustainable tourism aligned with World Heritage guidelines, and the critical importance of international partnerships and resource mobilization for long-term preservation of this heritage site.

The Prime Minister had a meeting with Director-General Azoulay on the sidelines of the Expert Conference where thematic areas of cooperation were discussed. The Prime Minister highlighted Sri Lanka’s interest in enhancing UNESCO’s presence in the country through suitable programmes, and apprised the Director-General on progress in Sri Lanka’s Category II South Asia Centre for Teacher Development (SACTD), Sri Lanka’s engagement in the programme of work of UNESCO, Sri Lanka’s educational reforms and areas of synergy with UNESCO, as well as the country’s commitment to the annual celebration of Vesak in UNESCO, among other matters. The Director-General reiterated UNESCO’s continued commitment to supporting Sri Lanka’s multifaceted collaboration with the international body.

At a reception hosted by the Ambassador and Permanent Delegation of Sri Lanka to UNESCO,  the Prime Minister underscored the importance of Sri Lanka’s 75-year partnership with UNESCO, and reaffirmed the country’s commitment to further strengthening this collaboration in key areas of cooperation. She did so in her capacity as the Minister of Education, Chairperson of the Sri Lanka National Commission for UNESCO, and Chairperson of the Central Cultural Fund.

The Prime Minister also formally handed over to the Director-General,  Sri Lanka’s Instrument of Accession to the 2005 UNESCO Convention on the Protection and Promotion of the Diversity of Cultural Expressions, demonstrating the country’s commitment to promoting cultural diversity, artistic freedom, and international collaboration. Ambassadors and Permanent Delegates accredited to UNESCO, senior representation of the UNESCO Secretariat including Director and team of the World Heritage Centre, the President of the France – Sri Lanka Friendship Group in the French National Assembly, expert participants of the Conference, academics, scholars and senior officials of the French Ministry for Europe and Foreign Affairs attended the reception and conveyed their warm greetings and felicitations to the Prime Minister.

The delegation of the Prime Minister comprised the Minister of Buddhasasana Religious and Cultural Affairs Dr. Hiniduma Sunil Senevi; the Director General, Central Cultural Fund Dr. Nilan Cooray and the Director General, Department of Archaeology Prof. Thusitha Mendis. The Prime Minster was assisted by the Ambassador and Permanent Delegate of Sri Lanka to UNESCO Manisha Gunasekera and senior staff of the Embassy and the Permanent Delegation of Sri Lanka to UNESCO.

[Prime Minister’s Media Division]

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Deshabandu Tennakoon further remanded until April 10

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The Matara Magistrate’s Court has ordered  that former Inspector General of Police (IGP) Deshabandu Tennakoon be further remanded until April 10.

The former IGP has been held in remand custody after he surrendered to the Matara Magistrates court on 19th March 2025.

 

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President appoints committee to submit recommendations to the Government on the new US tariff system

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President Anura Kumara Disanayake appointed a committee to conduct an in-depth study on potential issues that may arise due to the new reciprocal tariff system introduced by US President Donald Trump and to submit recommendations to the government.

Accordingly, the committee includes the Secretary to the Ministry of Finance, the Governor of the Central Bank, the Chairman of the Board of Investment of Sri Lanka, the Chairman of the Sri Lanka Export Development Board and the Director General of Economic Affairs at the Ministry of Foreign Affairs.

Additionally, Senior Economic Advisor to the President Duminda Hulugamuwa, Chief Economic Policy Advisor to the Ceylon Chamber of Commerce Shiran Fernando, as well as Ashroff Omar, Sherad Amalean and Saif Jafferjee have also been appointed to the committee.

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