In a grand celebration of achievements, HNB Assurance recently hosted the Partnership Life 2024 event, recognizing 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 5 billion, marking a substantial 21% growth compared to the previous year.
In addition, the NBP reached an outstanding 1 billion, reflecting a commendable growth of 17% in the channel’s new business.
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 5 billion GWP target including a 17% growth in NBP is no easy task and it reflects on our commitment to providing unparalleled insurance solutions.”
“If we keep up with this performance, I’m confident that our goal of reaching a 10% market share in the next three years is definitely within our reach.”
Chief Business Officer – Partnerships Sanesh Fernando 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 3 TOTs, highlight the calibre of professionals within our network. As we embark on the journey towards a 10% 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.”
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