NE insurance sector stregthened

Union Assurance wasplanning to enter the Northern market in 2002.

We were the 1st private sector insurer to start operations in the north.

Weerarathne handing overa cheque to Dr. Gnasothy at the Karainagar hospital. Jaffna Regional manager C.N Mathivadanan looks on

Rukman Weerarathne General Manager Marketing & Distribution Union Assurance PLC said this move was duly recognized to be a wise investment when the Jaffna branch office was bestowed with the best regional office award at the Union Assurance Annual Awards 2005 said The Jaffna branch currently houses over 70 staff members recording a significant momentum in both life and general insurance operations.

In the coming months we will be opening branches in strategic locations covering the Valikamam, Vadamarachchi and Thenmanachchi zones in Jaffna Peninsula.

We hope that these expansions will create over thousands of Job opportunities and will be able to provide insurance solutions to the community which will have a direct impact towards the development of the northern and eastern regions said Weerarathne. We are evenly poised and well established in the eastern region with branches in Batticaloa, Kalmunai, Trincomalee, Valachchani and Ampara branch offices with over 300 members and hoping to recruit more members to the team. Union Assurance has always been in the forefront of its social responsibility initiatives.

Therefore the North and Eastern areas of the country have been no exception when it comes to our social responsibility initiatives. This was largely displayed when the company commenced its 7th phase in the Eastern Province by installing crime prevention awareness boards last year. In addition to this Union Assurance contributed towards uplifting the hospital facilities of two main hospitals in the Northern District in Jaffna and Karainagar.

Weerarathne said that there is a good business potential in the Jaffna region, and that he and his team intends to further invest in the Northern and Eastern regions by offering their products and services to the markets and this will enable them to provide more job opportunities and services and thus enhance the lifestyles of the communities living in these areas.

Our strong capital base and high standards of corporate governance are key industry differentiators.

We strive to exceed customer expectations by continuously upgrading our product portfolio, delivering superior service and settling claims in a professional manner.

Union Assurance is anchored by a team of experienced and dynamic professionals,and well placed to provide the stability and security that delivers sustainable return to our stakeholders, customers, business partners and employees concludes Weerarathne.