Business
AIA Insurance wins the highly esteemed award title ‘Digital Insurance Initiative of the Year in Sri Lanka’
AIA Insurance wins the ‘Digital Insurance Initiative of the Year’ for launching the integrated AIA MyPOS system. AIA bagged this award for its pioneering effort in digital transformation to make the insurance business faster, easier, more precise and more efficient. This cutting-edge solution disrupted the way agents interact with customers and set a new and risen benchmark for the industry and simplified insurance disruption.
Recognising that digital innovation is the key to driving and improving customer experiences is vital in these unprecedented market conditions and that is what was understood well by AIA. The Company’s commitment to accelerate innovation and drive digital adoption drove the inception of the integrated AIA MyPOS system that uses next generation platforms with human centric design principles and utilizes modern architecture and security requirements. AIA has delivered multiple success stories over the years by aligning to its Technology, Digital and Analytical (TDA) vision. The implementation of cloud strategy, mobile and web strategy, back-office automation and company’s top attention on information security reinforces its position as the benchmark for customer excellence in the industry.
On receiving the award, AIA’s Chief Technology Officer, Umeshi De Fonseka said “we are proud and humbled to be recognised among leading insurers from around the Asia Pacific region and win the ‘Digital Insurance Initiative of the Year – Sri Lanka’ award at the prestigious Insurance Asia Awards. Our innovative tech-enabled solutions are at the center of our growth story, and it has helped us expand our customer base.”
Sharing her thoughts, AIA’s Chief Executive Officer, Chathuri Munaweera said, “we consider these awards to be important milestones in our continuing journey of providing excellent service to our customers. Digitalising our customer processes and providing seamless online accessibility towards our products and services takes a central place in our support structures moving forward.’ ‘
Business
SEC renews partnership with the University of Jaffna to empower future capital market professionals
The Securities and Exchange Commission of Sri Lanka (SEC) renewed its Memorandum of Understanding (MoU) with the University of Jaffna, strengthening its commitment to developing the next generation of capital market professionals.
The partnership with the University of Jaffna began in 2009, as part of the SEC’s broader initiative to collaborate with national universities in 2008. This has been instrumental in bridging academia and the capital markets industry. The latest renewal reinforces this collaboration, ensuring undergraduates continue to benefit from a robust platform for academic and professional growth.
The renewed MoU continues to offer a range of benefits to undergraduates, including academic recognitions such as gold medals and cash awards for excellence in capital market-related subjects, opportunities for research grants in the field, and enhanced industry exposure through internships and hands-on learning experiences facilitated by the SEC.
The revised MoU was formally signed with the participation of key representatives from the University and the SEC. Tushara Jayaratne, Deputy Director General of the SEC, represented the Commission, while University of Jaffna was represented by its Vice Chancellor, Prof. Sivakolundu Srisatkunarajah, Prof. N. Kengatharan, Dean of the faculty of Management Studies and Commerce and Prof. Lingesiya Kengatharan, Head of Department of Financial Management.
The SEC continues its mission to expand partnerships with other national universities, emphasizing its dedication to creating professional opportunities for students across the country. Through initiatives like these, the SEC aims to inspire a new generation of forward-thinking professionals, fostering academic excellence and driving innovation in Sri Lanka’s capital market.
Business
SLIC conducts ‘General Insurance Quiz Competition 2024’
Sales professionals from Sri Lanka Insurance Corporation General Ltd (SLICGL) converged at the Head Office on 11th November 2024, to compete in the grand final round of the General Insurance Quiz Competition 2024 and awards ceremony. The eagerly anticipated annual event hosted by SLICGL celebrates knowledge, teamwork and competitive spirit among its sales force across all its regional offices. The competition comprised regional and inter-regional rounds, culminating in an exciting final witnessed by the Chairman, Group CEO, COO, and other top management of the company, adding further prestige to the event. The Eastern Regional Team emerged triumphant as Champions while the Man of the Match was awarded to S.A.W.M. Sathurusinghe, representing the Western 3 Region.
Business
Sampath Bank renews partnership with NCE
Sampath Bank has once again reinforced its unwavering support for Sri Lanka’s export community by renewing its partnership with the National Chamber of Exporters (NCE) for the 32nd Annual Export Awards. This significant milestone reflects the Bank’s long-standing commitment to empowering the nation’s exporters through tailored financial solutions, fostering ethical trading practices, and driving sustainable economic growth.
The official signing ceremony, held at the Sampath Bank Head Office, was attended by senior representatives from both organisations. This partnership emphasises Sampath Bank’s role as a trusted financial ally to exporters, with plans to support key NCE-led initiatives, including the much-anticipated Annual Export Awards on 6th December 2024.
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