Eagle tops insurance sector in CRS and Good Governance Awards

Eagle Insurance surpassed its previous performance at the Annual Report Awards this year by winning three awards. One was the award for the Best Annual Report and Accounts in the Insurance Sector category.

In addition to this, Eagle became the first runner up for overall Best Corporate Governance Disclosure as well as the third runner up for overall Best Corporate Social Responsibility (CSR) Reporting.

By winning the award for the Best Corporate Annual Report and Accounts in the Insurance sector for the 12th successive year, Eagle continues to dominate the Insurance sector winning the top award every year. It also endorses Eagle's commitment towards reporting business performance much beyond financial numbers, mainly in compliance with accounting standards, legal requirements, good governance, CSR, timeliness, clarity and consistency.

This is in keeping with the criteria laid down by the Institute of Chartered Accountants of Sri Lanka (ICASL), which conducts this annual competition.

"The company's statement of accounts have clearly and consistently been in compliance with statutory requirements and best accounting practice standards," a company spokesman said referring to its ability to win the coveted award year after year. Eagle's comprehensive coverage of its activities on Corporate Social Responsibility earned the Third Runner-up Award in the overall category. This is not the first time the company has been recognised for CSR.

The Company has already been hailed as one of the Best Corporate Citizens in Sri Lanka by the Ceylon Chamber of Commerce for the second successive year. Eagle vied with leading corporates for the award given to organisations which promote and practise ethnically and socially responsible behaviour and are currently practising CSR.