Sri Lanka’s life insurance market leader Ceylinco Life has brought 2024 to a close on a victorious note, winning a total of 13 awards, 11 for distinction in financial reporting and three for brand excellence.

The company’s annual report for 2023 received accolades from four prestigious local and international bodies – CMA Sri Lanka, CA Sri Lanka, the South Asian Federation of Accountants (SAFA) and MerComm Inc., the presenter of the prized ARC Awards.

Titled ‘The Core of Trust,’ Ceylinco Life’s integrated annual report for 2023 was recognised as one of the ‘Top 10 Excellent Integrated Reports’ in Sri Lanka at the CMA Excellence in Integrated Reporting Awards 2024, and was adjudged the first runner-up in the Insurance category. CMA Sri Lanka is the national professional management accounting body.

The Annual Report also won the Silver award in the Insurance sector, the Bronze for Corporate Governance Disclosure, and three Certificates of Recognition for Sustainability Reporting, Integrated Reporting and Digitally Transformative Reporting respectively, at the 2024 edition of the CA Sri Lanka Annual Report Awards, now branded the ‘TAGS’ Awards.

At the globally-recognized ARC awards, Ceylinco Life won the Gold for ‘Design and Graphics,’ and two Bronze awards for ‘Script and Writing’ and ‘Specialised Annual Report.’

Another significant end-of-year achievement for Ceylinco Life was the SAFA Bronze Award for the Best presented Annual Report in the Life Insurance category from the South Asian Federation of Accountants.

Commenting on these significant accolades, Ceylinco Life Managing Director/CEO Mr Thushara Ranasinghe said: “The importance we accord to our annual report and to our commitment to transparency and comprehensive disclosure across all aspects of the business cannot be over emphasized. All our stakeholders will value these awards, because they are based on a microscopic examination of our annual report and its compliance with international best practice standards.”

While its annual report was the focus of attention with the assortment of awards it won, Ceylinco Life won the Silver as ‘Local Brand of the Year’ and the Bronze for ‘Service Brand of the Year’ at the 2024 Brand Excellence Awards presented by the Sri Lanka Institute of Marketing (SLIM), reaffirming its status as one of the strongest brands in the country.

Adjudged Sri Lanka’s Brand of the Year in 2022 and 2023, Ceylinco Life was also named one of the 10 Most Admired Companies in Sri Lanka in 2023 by the International Chamber of Commerce Sri Lanka (ICCSL) and the Chartered Institute of Management Accountants (CIMA) and was ranked the ‘Most Valuable Insurance Brand in Sri Lanka’ across both life and general insurance categories in 2023 by Brand Finance.

Ceylinco Life has been the country’s leading life insurer for 20 of the 36 years it has been in existence and provides innovative life insurance solutions which offer protection while de-risking the goals and ambitions of the Company’s policyholders.

Photo caption: Senior representatives of Ceylinco Life accepting the CA Sri Lanka TAGS Silver award (above) and the SLIM Local Brand of the Year Silver award.