Eagle Insurance, Aviva's Sri Lankan insurance subsidiary, announced the launch of a third major bancassurance partnership today.
Eagle Insurance, Aviva's Sri Lankan insurance subsidiary, announced the launch of a third major bancassurance partnership today. An agreement has been signed with Sampath Bank, the seventh largest retail bank in Sri Lanka with a nationwide network of over 100 branches. This will give Eagle the opportunity to promote life and general insurance solutions to a customer base of 900,000 individuals and a corporate customer base consisting of 500 large companies.
Sampath Bank has a long history of technological innovation. It revolutionized the banking sector in Sri Lanka when it introduced ATMs and networked branch systems over two decades ago.
"The Bank enjoys a superior position in the Sri Lankan market" states Deepal Sooriyaarachchi, Eagle's managing director, "and they share similar core values to those that drive us here at Eagle. It will be a pleasure to work with them."
Since becoming a member of the Aviva group Eagle has pioneered bancassurance in Sri Lanka, emerging as a clear leader in this field.
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For further details please contact:
Imara Dechickera
Telephone: + 94 123 10027
E-mail: immailto:imara.dechickera@eagle.com.lk
Notes to editors:
In February 2006, the Aviva group acquired a majority stake in Eagle, with National Development Bank remaining a significant shareholder. Aviva is the world's oldest insurance group, with a history dating back 300 years to 1696. Today it is the world's fifth-largest insurance group and the biggest in the UK. The group has 59,000 employees serving 40 million customers worldwide with Sterling Pounds 364 billion assets under management.