In a grand celebration of achievements, HNB Assurance recently hosted the Partnership Life 2024 event, recognising the outstanding accomplishments of the partnership channel throughout 2023. 
The event brought together key stakeholders, including HNB bancassurance officers, other bank sales officers and insurance brokers. 

While the HNBA Partnership Channel recorded one of the best years in terms of its performance, the highlight was the channel’s impressive gross written premium (GWP) collection, exceeding five billion, marking a substantial 21 percent growth compared to the previous year. In addition, the NBP reaching an outstanding one billion reflected a commendable growth of 17 percent in the channel’s new business. 

Sharing his thoughts at the forum HNB Assurance CEO Lasitha Wimalaratne stated, “The Partnership Life 2024 event is beyond just a celebration; it is a testament to the hard work and collaborative spirit of our partnership channel. Achieving a five billion GWP target, including a 17 percent growth in NBP, is no easy task and it reflects on our commitment in providing unparalleled insurance solutions. If we keep up with this performance, I’m confident that our goal of reaching a 10 percent market share in the next three years is definitely within our reach. My congratulations to all the teams involved, who played a crucial role in accomplishing these remarkable achievements.”

Chief Business Officer Partnerships Sanesh Fernando addressing the forum stated, “I’m extremely proud of the partnership channel for demonstrating exceptional resilience and adaptability, making sure we navigate through all challenges to achieve remarkable growth. The 111 MDRT qualifiers, including 17 COTs and three TOTs, highlight the calibre of professionals within our network. As we embark on the journey towards a 10 percent market share, we are confident that the partnership channel will continue to be a driving force, shaping the future of HNB Assurance in the insurance industry. Let me also take a moment to thank the management of Hatton National bank, other partner banks and the broker network for their continuous support.”