Softlogic Life Insurance PLC is pleased to announce that the Company received the Gold Award in the Insurance Category at the 52nd Annual Report Awards conducted by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). The Annual Report of Softlogic Life was also within the Top 10 across all Corporates in the country.
The Annual Report Awards that are now being held for the 52nd year are amongst the most coveted and prestigious awards in the country. This year’s competition revolved around the theme ‘Precision Exemplified’ and honored the most outstanding publications that seek to improve good governance, transparency and accountability in financial reporting, while also enhancing Sri Lanka’s reporting standards in line with global best practices.
The awards were presented following a stringent process of analysis and evaluation by a highly distinguished and experienced panel of judges comprising of a cross section of senior professionals and academics. Winners were selected based on a demonstrated ability to comprehensively communicate organizational objectives, performance, personnel and management highlights within a cohesive, customized and clear format that exceeded compliance with statutory requirements.
Speaking about the importance of the award to his organization, Softlogic Life Managing Director, Mr. Iftikar Ahamed said: “We are indeed happy to have received this award that places us at the pinnacle of our Industry for good governance, transparency and accountability in financial reporting. It clearly demonstrates how we value Authenticity and how we have communicated it in our Annual Report.”
Softlogic marked its presence in the Insurance business in 2001 and Softlogic Life has evolved to be a leading insurance solutions provider at the forefront of the industry. It is one of the fastest growing insurance businesses in the country with 66 branches located island wide providing its customers with a level of service and attention that is unmatched.
Softlogic Life Insurance PLC is a subsidiary of Softlogic Capital PLC and is part of the Softlogic Group, which is recognized as one of Sri Lanka’s most diversified and fastest-growing conglomerates, with interests in Healthcare, Retail, ICT, Leisure, Automobiles and Financial Services. Significant stakeholders in the company also include FMO and DEG, who are rated ‘AAA’ Development Financial Institutions from the Netherlands and Germany, respectively.