Latest News

UA Wins National HR Excellence Awards

The Training & development function of Union Assurance was recognized at the recently concluded National HR Excellence Awards 2010 conducted by IPM Sri Lanka at the Water’s Edge.

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Pasalen Karaliyata – A CSR initiative by UA

‘Pasalen Karaliyata’ program was initiated in 2007 as a unique CSR program with the association of the ‘Ministry of Education’. The program was based on a concept where Union Assurance Plc contributes towards the recognition of aesthetic talents of school children in national schools and reward them for their skills.

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"Union Motor Star” from Union Assurance
Unparallel level of convenience in Motor Insurance

In the highly competitive motor insurance market Union Assurance PLC, one of the leading composite insurers in Sri Lanka, redefines the customer offerings with the introduction of Union Motor Star.

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1st Quarter Results 2010 - Reports Steady Progress

Union Assurance reported positive results in both turnover and profits in the 1st quarter of 2010, following the successful launch of the company’s new brand promise.

Total revenue which comprises premiums (net of reinsurance) and investment income from both life and general insurance businesses increased by 17% from Rs. 1.5 billion as at March 2009 to Rs. 1.7 billion as at March 2010.

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Union Assurance was endorsed as the Best Insurer

Union Assurance PLC won the most coveted National Business Excellence award in the Insurance Sector by winning the Gold and was also awarded the winner in Excellence in Performance Management Practices.

Union Assurance is one of Sri Lanka’s largest providers of life and general insurance solutions in the country.  Anchored by a team of experienced and dynamic professionals, a strong capital base and reinsurance partnerships with highly rated global reinsurers, Union Assurance offers a wide range of tailor-made insurance products and services that are of international standards.

Our vision is to be the most sought after provider of insurance solutions.  In order to live our vision we constantly review our product portfolio to meet the changing needs of our customers.

The Union Assurance brand is positioned on the promise of “trust”.  We strive to deliver this promise by being transparent in our dealings with our life insurance customers, offering convenience to our general insurance customers and being respectful in our dealings with all stakeholders.
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Last updated on March 3, 2010
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