Lasitha Wimalaratne Appointed as Chief Executive Officer of HNB Assurance PLC

HNB Assurance PLC (HNBA) announced the appointment of Mr. Lasitha Wimalaratne as its Chief Executive Officer effective January, 1^st 2022.

Mr. Wimalaratne, an alumnus of Mahinda College, Galle is decorated by a professional profile spanning over 24 years out of which he holds 21 years of experience in Life Insurance Operations and Sales inclusive of 07 years at AIA Insurance Sri Lanka, whilst also gaining 03 years of Marketing and Sales exposure in London. Prior to joining HNB Assurance PLC in 2019, Lasitha conducted duties as the General Manager – Life Operations and Specified Officer at Softlogic Life Insurance PLC. Having joined HNB Assurance PLC as its Deputy Chief Operating Officer, Lasitha was promoted to the position of Chief Operating Officer and Principal Officer in 2020.

Having graduated from the University of Sunderland, UK with a Bachelor of Arts Degree in Business Studies, Lasitha obtained his Master of Business Administration Degree from the University of Wales, UK. A Chartered Insurer and a Fellow Member of the Charter Insurance Institute, UK (FCII), Mr. Wimalaratne is also a Fellow Member of the Australian and New Zealand Institute of Insurance and Finance (AZIIF-Fellow) and an Associate Member of the Chartered Institute of Marketing, UK (ACIM).

Mr. Wimalaratne is the current Secretary of the Insurance Association of Sri Lanka (IASL), and is the immediate Honorary Past President of the Sri Lanka Insurance Institute (SLII) and has been serving SLII as a Council Member from 2011. Moreover, he was also the Founder Secretary General of the Association of Chartered Insurance Professionals (ACIP) and was a Council Member of ACIP until March, 2021. Mr. Wimalaratne has been a part of several local and international Insurance Seminars and has been a Guest Speaker and a Panelist at several Conferences including the Insurance Claims & Underwriting Management Asia Summit 2017 which was held in Singapore and he was the first to publish a book on insurance in a local context, titled “Jeewitha Rakshanaye Asiriya” which highlights the importance and benefits of Life Insurance.

HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 branches. HNBA is a Life Insurance company with a rating of A+ (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNB General Insurance has been assigned a ‘National Insurer Financial Strength Rating’ of “A+” ((ka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place To Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.