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AIA Insurance Wealth Planners recognised by IQA

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AIA Insurance congratulates 12 Wealth Planners for the distinguished achievement of qualifying for the International Quality Awards (IQA) 2019. Presented by LIMRA talent solutions international, the IQA motivates and rewards agents who contribute to a company’s success through their sales volumes and quality of business.

AIA congratulates and commends P. H Rasika Sandakelum (Colombo Region 4), H. Rangika Laganthi (Colombo Main), K. D Suranga Perera (Negombo Region 1), M. Sarath Jayalal (Maharagama), T. Malathi Herath (Colombo Main), U. A .M Sanjeewani Somarathna (Kandy), D. N Himali Perera (Ragama City), D. Ruklanthi Gunasekara (Homagama), S. Ramanayake (Nugegoda), H. M. B. G Shashika Herath (Kegalle Region2), K. C. N Ferdinando (Nugegoda) and A.H. O. D Jayaweera (Colombo Region 1) for achieving the IQA Award.

Qualifiers are judged on their performance in both production levels and persistency rates. The qualification rules for the International Quality Award are based on production of at least 30 policies written in two consecutive years and a 13-month persistency rate of at least 90 percent on individual life and personal pension (annuity) business issued and paid for during a calendar year. The IQA is recognized as one of the highest awards in the life insurance industry and is a measure of professionalism, competence and leadership. Qualifiers earn both international and domestic recognition and can use this award to demonstrate their professional credentials to prospective and existing customers.

AIA’s CEO Nikhil Advani said in this regard, “I am absolutely delighted that 12 of our Wealth Planners have achieved the global IQA recognition. LIMRA IQA demonstrates the outstanding performance of our Wealth Planners who have consistently provided customers with relevant solutions, above par customer service and have maintained a very high-quality business. It is Wealth Planners like these award winners that makes AIA the Best Life Insurance Company in Sri Lanka.”

Deputy CEO and Chief Agency Officer Upul Wijesinghe added “we were the first and only insurer in Sri Lanka to receive the Growth in the World -International Quality Award in 2018 and have since worked hard to remain worthy of that prestigious recognition. My congratulations to the qualifiers of this latest recognition which reflects the high quality of our Wealth Planners and their commitment to customer focus and superior service.”

Senior Vice President & Managing Director for LIMRA, Ian J Watts congratulated AIA’s qualifiers, “AIA Insurance has repeatedly shown that it values its agents who understand the importance of new customer acquisition and high persistency rates- which is without doubt, imperative for the success of the business. For the continued prosperity of the Sri Lankan insurance industry, and the industry in the rest of the world, we encourage other companies to follow AIA’s leading example.”

The IQA was introduced in 1960 to recognize the outstanding performance of agents who promote quality business on a consistent basis, while providing superior customer service. It is recognized worldwide as a mark of professional excellence in the insurance industry.



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Sri Lanka’s economic confidence index plummets

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‘No one has rated Sri Lanka’s economic condition as excellent. 1.8 % rated it as good and 1.3 % rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022, a wide ranging Verite Research public opinion survey reveals.

Key findings of the survey:

Government approval rating drops from 10% to 3%

The second round of the Gallup Style “Mood of the Nation” poll was conducted in June by Verité Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government, the country, and the economy.

The poll was conducted as a part of the syndicated survey instrument by Verité Research. This instrument also provides other organisations the opportunity to survey the sentiments of Sri Lanka.

1. Government approval rating | 3% | To the question, “Do you approve or disapprove of the way the current government is working?” only 3% said they approve. In January 2022 this rating was at 10%.

2. Sri Lanka satisfaction | 2% | To the question, “In general, are you satisfied or dissatisfied with the way things are going in Sri Lanka?” only 2% said they were satisfied. This rating was at 6% in January 2022.

3. Economic confidence | negative (-) 96 | Multiple choice questions on the condition and trajectory of the economy are used to generate an economic confidence score. The score can range from negative (-) 100 to positive (+) 100. A score above zero means more people see the economic conditions positively rather than negatively. If everyone thinks the economy is in either excellent or good condition, and everyone also thinks it is getting better, the score will be (+) 10. If everyone thinks that the economy is in a poor condition, and everyone also thinks it is getting worse, the score will be a (-) 100. No one rated the economic condition as excellent. 1.8% rated it as good; and 1.3% rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022.

Implementation of “Mood of

the Nation”

The poll is based on an island wide nationally representative sample of responses from 1,052 Sri Lankan adults, conducted in June 2022. The sample and methodology was designed to ensure a maximum error margin of under 3% at a 95% confidence interval. The polling partner was Vanguard Survey (Pvt) Ltd.

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Decline in share market in the wake of rate hike reports

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By Hiran H.Senewiratne

CSE trading activities began on a positive note yesterday but during the latter part of the day the market experienced a dip on account of the overall supply chain economy being subjected to a contraction, stemming from the fuel crisis. Consequently, CSE activities were relatively low keyed, market analysts said.

“We are reverting to the negative. There is uncertainty on all fronts, from the political to the economic. Therefore, we are expecting a rate hike on Thursday. This is creating a bit of a cloud and we may see this continuing further, a top market analyst said.

Even if top level decision- making is happening in Sri Lanka the impact is not felt at the grassroots level. This has resulted in unrest in the country, the analyst said.

Amid those developments, both indices moved downwards. The All- Share Price Index went down by 97.9 points and S and P SL20 declined by 34.3 points. Turnover stood at Rs 1.3 billion with one crossing. The crossing was reported in JKH, which crossed 600,000 shares to the tune of Rs 73.2 million, its shares traded at Rs 122.

In the retail market, the top seven companies that mainly contributed to the turnover were; Lanka IOC Rs 611 million (7.3 million shares traded), Expolanka Holdings Rs 173.9 million (one million shares traded). LOLC Holdings Rs 47.4 million (120,000 sha4es traded), Hayleys PLC Rs 46.5 million (697.000 shares traded), Browns Investments Rs 46.3 million (6.4 million shares traded), JKH Rs 21 million (173,000 shares traded) and Softlogic Holdings Rs 20.5 million (794,000 shares traded). During the day 109 million share volumes changed hands in 15000 transactions.

The International Monetary Fund said last Thursday its talks with crisis-hit Sri Lanka had been “constructive”, thereby raising hopes it would soon grant preliminary approval for a desperately needed financial support package, observers said.

Meanwhile, the Colombo Consumer Price index rose 54.6 per cent year-on-year in June against a 39.1 per cent rise in May, according to the Statistics Department.

Yesterday the US dollar rate was Rs 360.73, which is now being controlled due to the prudent fiscal and monetary policies of the Central Bank.

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Dialog Club vision members receive access to an exclusive screening of ‘Jurassic World Dominion’

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In a bold and breath-taking new global adventure, the epic conclusion to the Jurassic film franchise ‘Jurassic World Dominion’ hit theatres across the world on June 10. Just a day after its global premiere, Dialog Club Vision Red members and their loved ones received special access to an exclusive screening of the film at the Kandy City Centre Multiplex on June 11.

The explosive end to the Jurassic era sees two generations of the film’s franchise unite for the first time with Hollywood’s Chris Pratt and Bryce Dallas Howard joined by Oscar winner Laura Dern, Jeff Goldblum and Sam Neill. Dialog Club Vision members were some of the first to witness the utopian world where Dinosaurs and humans co-exist.

With the best interests of its members and their loved ones at heart, Dialog Club Vision continues to deliver a world of exclusivity and privileges such as personalized care, exclusive discounts and offers, lifestyle and entertainment events and more. To explore more exciting offers available for Dialog Club Vision members, and to learn more about Sri Lanka’s premier loyalty programme, customers can visit the MyDialog App or visit dialog.lk/club-vision

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