HNB Assurance PLC 2013 IR
The report highlights HNB Assurance PLC's financial and sustainability performance for the fiscal year 2013. The company achieved a significant milestone with its Life Insurance business crossing the Rs. 2 Billion mark in Gross Written Premium, representing a 34% growth. HNB Assurance also expanded its product offerings by launching a series of Sharia-compliant Takaful products and introducing the eco-friendly MotorGuard Eco Insurance for hybrid vehicles. On the social front, the company successfully launched the 'School to Office' (S2O) training program to enhance youth employability and completed its 27th school water project. Additionally, the company reduced its Non-Life Insurance claims ratio to 66% while maintaining robust corporate governance and preparing for the upcoming transition to the Risk-Based Capital framework.
Company: HNB Assurance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2013
Type: IR
Pages: 356
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HNB Assurance PLC
Integrated Annual Report
The report highlights HNB Assurance PLC's financial and sustainability performance for the fiscal year 2013. The company achieved a significant milestone with its Life Insurance business crossing the Rs. 2 Billion mark in Gross Written Premium, representing a 34% growth. HNB Assurance also expanded its product offerings by launching a series of Sharia-compliant Takaful products and introducing the eco-friendly MotorGuard Eco Insurance for hybrid vehicles. On the social front, the company successfully launched the 'School to Office' (S2O) training program to enhance youth employability and completed its 27th school water project. Additionally, the company reduced its Non-Life Insurance claims ratio to 66% while maintaining robust corporate governance and preparing for the upcoming transition to the Risk-Based Capital framework.
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Document Details
Report Year
2013
Reporting Period
Jan 1, 2013 - Dec 31, 2013
Fiscal Year
2013
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Employees