The business magazine Lanka Monthly Digest in its December 2009 edition ranked Ceylinco Insurance in the top slot as the highest ranked insurance company.
Since the inception of LMD rankings, recognized as a benchmark on corporate performance, Ceylinco Insurance has retained its prestigious position as the country's highest ranking insurance company. Ceylinco Insurance also enjoys the top position amongst all companies in Sri Lanka, holding the slot as the company that has risen most number of positions since the inception of the rankings in 93/94.
In addition, Ceylinco Insurance occupies the top position as the company that has risen highest in the categories of" Assets" and "Turnover" whilst it is well placed in the overall fourth and fifth positions in largest increases in Funds and Assets respectively, when compared with 2008.
Recognized as the Sri Lanka version of the Fortune 500, the LMD 50 outlines the Sri Lankan companies with the most dynamic and exceptional performances.
"For us, it is not only the highest recognition in terms of corporate success but also as a measurement of how close we are to the customer" said Ceylinco Insurance Jt. Deputy Chairman Ajith Gunawardena. "Recording outstanding performance during tough economic times has been not only an achievement for the company but also for our customers who credit us with an unmatched level of service. It is an honour we are proud to share with our customers," he said.
"Innovation has been key to success for us - developing and initiating services such as On the Spot Claim Settlement that delivers what it promises and a wide network of branches that takes us closer to the customers, these have been important milestones in our success story. Of course, the driving force behind it all has been our staff - their dedication and commitment has made it all possible," he said.
"Great effort goes in to ensuring that we achieve growth while maintaining a healthy balance between our commitments to policyholders and the community at large," said Jt. Deputy Chairman R. Renganathan. "While these efforts are not undertaken with an eye on rankings such as the LMD 50, it is nevertheless pleasing to be assessed and ranked well ahead of the competition," he said.
The LMD 50 roll of honour is derived on the basis of meaningful comparisons of diverse business entities with the main focus on their respective revenue streams.
The banking, finance and insurance sectors have been driving the expansion and growth of the LMD 50 over the years, recording the highest contributions to aggregate turnover, cumulative profits, total assets and shareholders funds when added up.
source - www.dailynews.lk
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