Allianz Insurance Lanka Limited (Allianz Lanka) recently entered a tri party agreement with the All Island School Children's Transport Association (AISCTA) and Sensus Hub through the signing of a memorandum of understanding (MOU) which will serve as a pathway to uplift the transport services of school children via digitalization.

As a part of this agreement, a special 3-year motor insurance package has been offered to the AISCTA which will facilitate the insurance of 47,000 vehicles used to transport students, island wide. Additional benefits include a curated Personal Accident Benefit cover for students along with numerous other incentives.

Speaking on this development, Lalith Fernando – Secretary, All Island School Children's Transport Association shared his thoughts, “The signing of this MOU marks a new era for AISCTA. Our members greatly appreciate the recognition that we have received through this venture. The responsibility of transporting the future leaders of this nation in a safe and protected manner is something that all of us at the AISCTA greatly uphold and it is humbling to know that our requirement for better insurance schemes has been acknowledged. These schemes will enable our members to uplift their services and in turn, our association will gain more trust from the public. I am confident that many parents across the country will appreciate the priority given to enhance the safety levels of their precious children.”

Sensus Hub, entrusted with the development of the Artificial Intelligence (AI) software used in this venture was also elated to voice their opinions, as commented by their Director, Nishantha Gajanayake, “The agreement reached between the global insurance giant Allianz together with the AISCTA and Sensus Hub will strategically connect a global network to the safety of the precious lives of school children with advanced AI technologies. With thousands of students reaping the benefits of this venture, our technologies will make the associated data entries much easier to manage in a streamlined and efficient manner. As a result of this new relationship, we are confident that every parent in Sri Lanka will be happy and relieved to know that the passage of their children has now been made safer.”

Gany Subramaniam, CEO - Allianz Insurance Lanka Ltd, also commented on this venture, “It brings me great pleasure to see Allianz Lanka’s efforts to be even more of a socially responsible organization in action through the signing of this MOU. The triparty agreement that we have signed today is a culmination of expertise from the entities that are responsible for each of their duties. It is without a doubt that each of us looks forward to a pleasant association in order to facilitate enhanced safety for the children of Sri Lanka. We firmly believe that Sri Lanka’s children are our most valuable resource and best hope for the future and as a result, this socially responsible initiative is one that we are most proud of.”

About Allianz Lanka: Allianz Lanka, consisting of Allianz Insurance Lanka Ltd. and Allianz Life Insurance Lanka Ltd., is a fully owned subsidiary of Allianz SE (Munich, Germany) – a global financial services provider for insurance and asset management business. Commencing with green-field operations in 2005, Allianz Lanka has emerged as one of the fastest growing insurance service providers in the country. Incorporating best practices of global industry together with local expertise, Allianz Lanka has overseen a number of high-value local infrastructural projects as the insurance partner. The company also plays a pivotal role in supporting the growth of its clients’ businesses through a wide range of world class products and services.

About Allianz SE: The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance.

Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 70 countries achieved total revenue of 130.6 billion euros and an operating profit of 11.5 billion euros for the group.

Photo caption: (From left) Kalindu Ranasinghe (Senior Business Promotion Executive - Allianz Insurance), Mandara Balasuriya (Senior Business Promotion Executive - Allianz Insurance), Charinda Fernando (Manager Claims - Allianz Insurance), Siva Naren (Senior Cluster Manager, Allianz Insurance), Malik Peiris (Sales Manager – Allianz Insurance), Ranga Dias (Deputy General Manager, Allianz Insurance), Asanka Perera (Chief operation officer – Allianz Insurnace), Malsri De Silva (President – AISCTA), Lalith Fernando (Secretary - AISCTA), Renuka Priyadarshana (Treasurer - AISCTA), Wing Commander Nishantha Gajanayake (Director - Sensus Hub (pvt) ltd), Thilak Wanigasekara (Director - Sensus Hub (Pvt) Ltd), Dilushi Jayasuriya (Senior Manager, Sensus Hub (Pvt Ltd), Dilanga Wimansha (Manager Motor Underwriting, Allianz Insurance) and Dulmini Samarasekara (Secretary, Sensus Hub (Pvt  Ltd)