Co-operative Insurance wins honours with top TQM award
Co-operative Insurance, a licensed insurance company whose major
shareholders are the country's co-operative societies, did Sri Lanka
proud when it won the International Quality Summit Award in the Gold
Category at the International BID Quality Convention at the Marriott
Marquis, New York on May 26.
Co-operative Insurance Managing Director W Upali Herath,
President BID Jose Prieto and Co-operative Insurance Chairman W
Lalith A Peiris with the Gold Award.
Business Initiative Directions (BID) is an international firm which
is a leading exponent of Total Quality Management (TQM) and has the
distinction of designing the QC100 TQM model, recognised internationally
as a pattern model of TQM.
Since the mid 1970s, BID began developing quality award programmes
based on the QC100 model which have become the benchmark for recognising
TQM standards around the world. Awards are presented in three
categories: Gold, Diamond and Platinum. It is a singular honour for
Co-operative Insurance to win the Gold Award from among scores of firms
from over 65 countries.
The award ceremony at the world's premier financial capital was
presided over by President and CEO of BID Jose E. Prieto, along with
outstanding personalities from the business world and the diplomatic
corps in the USA.
Chairman Co-operative Insurance Lalith A Peiris said, 'We won this
award because we are committed to continuous search for quality
demonstrated by the achievement of ongoing development and innovation
applied to solutions which create business results.'
Co-operative Insurance which began operations as a public limited
liability company in 1999 offers life and other types of general
insurance through 35 branches and 28 service centres islandwide. The
company largely serves the rural sector.