Union Assurance wins SAFA Award

Union Assurance PLC (UA) has now firmly etched itself into the annals of the annual South Asian Federation of Accountants (SAFA) Awards by once again, winning the Overall Award for Best Presented Accounts, which is the apex accolade at the awards ceremony.

Held in New Delhi this year, CEO of UA Marina Tharmaratnam accepted the SAFA Award, which is considered a benchmark among companies in the South Asian Region.

Being one of the foremost insurers in Sri Lanka, UA also proved its mettle further by winning the topmost award in the Insurance sector, which award was accepted by Deputy Chief Executive Dirk Pereira. Currently in its 21st year of operation, UA has steadily and consistently ensured leadership in quality, standards, values and ethics, permeated these to the entire industry.

CEO, Marina Tharmaratnam said was certainly a reward for the best practices infused over the years.

"We have thus brought honour to Sri Lanka, by winning not simply the top sectoral award but the overall one as well, twice over. We are proud to have placed Sri Lanka on the map once again, competing against some of the better known and highly prestigious companies, especially from India and Pakistan and being adjudged the best.

As can be seen from our performance over the years, the awards we have won from both SAFA and the Institute of Chartered Accountants of Sri Lanka over time is ample testimony to our consistent and unswerving tenets and principles.

"We have continued to improve on our performance, our systems, processes, products and most importantly on governance, which to us remains at the apex of our business.

"Thus we have built a professionally managed company that has equal focus on all stakeholders, made astute investments that have enabled a robust top line growth and ensured multi dimensional investments into people, infrastructure and our brand with an overarching emphasis on transparency and accountability," Thamaratnam said.