LOLC Life Assurance Limited and LOLC General Insurance Limited, two of the fast-growing Insurance companies in Sri Lanka were recognised for their profound commitment to their staff at the recent Asia’s Best Employer Brand Awards 2021 organized by World HRD Congress in partnership with CMO Asia.
Asia’s Best Employer Brand Awards 2021 is the 12th Edition of the event and this year’s event was hosted virtually from Taj Lands’ End Hotel, Mumbai due to the COVID 19 restrictions.
More than 100 brands from over 20 countries in Asia compete for this coveted award each year. This year, LOLC Life and LOLC General Insurance were two of the six Sri Lankan companies that emerged as winners under stringent competition criteria.
Speaking on the achievement, Nadika Opatha, Chief Executive Officer of LOLC Life Assurance, said, “As a company that has been in existence for less than 10 years, we are indeed honoured to have been selected for this prestigious award. Last year was a challenging year not just in Sri Lanka but the world over, yet the engagement that we had with our staff and with our customers have proven strong in a world body recognizing our efforts. Employee success and wellbeing are key priorities at LOLC Life Assurance as it is for the entire LOLC Group.”
LOLC General Insurance, Chief Executive Officer Kithsiri Gunawardena commented, “We are honoured and delighted to receive this prestigious award. Attracting, grooming and retaining talent is a key focus area and our human resource strategy has worked well for us over the years, making LOLC General Insurance one of the most desirable places to work with opportunities for personal and professional development.”
The performance-based culture at LOLC Life and LOLC General continues with substantial budgetary allocation each year for Human Resource training and development purposes. A significant investment is being directed towards e-learning programmes so that staff can engage in learning at their convenience. Both companies are committed to promoting an optimal work-life balance with focused training and rewards schemes being organised throughout the year for staff to improve quality, productivity and persistence.
LOLC General Insurance and LOLC Life Assurance are fully owned subsidiaries of the LOLC Group - one of the largest and most diversified conglomerates in Sri Lanka with an international presence.
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