Ceylinco Life’s 2015 Annual Report won two accolades at the ARC Awards presented by MerComm Inc. in New York recently.
The company won the Silver award for ‘Financial Data’ in the ‘Insurance - Life and Health’ segment, as well as ‘Honours’ in the same segment in the ‘Traditional Annual Report’ category at the awards ceremony at the Plaza Hotel.
Themed ‘Know Your Life Insurer,’ Ceylinco Life’s 2015 Annual Report, was its first since the segregation of Life and General Insurance into separate business entities under Section 53 of the Regulation of Insurance Industry (Amendment) Act No 3 of 2011, which came into effect last year.
The 218-page Carbon Neutral Annual report was produced using GRI G4 sustainability reporting guidelines, the Smart Integrated Reporting MethodologyTM, the International Integrated Reporting Framework and guidelines of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).
“The Annual Report is the most important communications tool of a company, and stands for the company’s commitment to transparency in its communications with shareholders,” Ceylinco Life’s Managing Director/CEO R. Renganathan said.
“We are delighted to receive these awards from a credible international organisation that has scrutinised Annual Reports from around the world before selecting winners,” he said. Chairman of Smart Media, the Annual Report Company, Dr. Vijith Kannangara said, “This maiden annual report of Ceylinco Life sets a refreshing new standard in the Insurance category in Sri Lanka. It focuses on the important facts without diluting them in a surfeit of disparate information.”