Union Assurance PLC 2024 AR2
The report highlights Union Assurance PLC's strong performance in 2024, with gross written premium growing by 15% to Rs. 21.6 billion and total assets crossing Rs. 100 billion. The company declared a 12% dividend rate for its Universal Life policyholders and produced 277 Million Dollar Round Table (MDRT) qualifiers. On the sustainability front, Union Assurance launched its flagship 'Suwamaga' diabetes prevention program, impacting over 12,000 lives, and introduced an industry-first financial underwriting automation system. Additionally, the company expanded its digital capabilities through the Clicklife App, introducing Sri Lanka's first digital loyalty rewards program in life insurance.
Company: Union Assurance PLC
Sector: Financials
Country: Sri Lanka
Year: 2024
Type: AR2
Pages: 365
Union Assurance PLC
Annual Report
The report highlights Union Assurance PLC's strong performance in 2024, with gross written premium growing by 15% to Rs. 21.6 billion and total assets crossing Rs. 100 billion. The company declared a 12% dividend rate for its Universal Life policyholders and produced 277 Million Dollar Round Table (MDRT) qualifiers. On the sustainability front, Union Assurance launched its flagship 'Suwamaga' diabetes prevention program, impacting over 12,000 lives, and introduced an industry-first financial underwriting automation system. Additionally, the company expanded its digital capabilities through the Clicklife App, introducing Sri Lanka's first digital loyalty rewards program in life insurance.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
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
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women in Management
Workplace Fatalities
Net Zero Target
Employees