Sri Lanka: Best wealth planners shine at Aviva NDB awards night


Written on January 24, 2012 – 5:32 am | by Hunter Rankine

Aviva NDB rewarded the company’s most outstanding performers at a glittering awards night that brought together 800 wealth planners who have assured prosperity and peace of mind to their customers. Their achievements were a proven testimony to the trust and confidence the award winners have gained through dedication and commitment to customer care. They have succeeded in attaining impressive sales records outstripping their colleagues.

Managing director of Aviva NDB, Shah Rouf said: “Our sales people are the spear point of our business and their proud achievements should be applauded and acknowledged, not only to reward excellent performance but more importantly, to demonstrate to all our customers how appreciative we are of our front liners. They are after all the closest and most vital link between policyholders and the company. They have done a tremendous job during a difficult year, and I sincerely congratulate all those who have proved their mettle and achieved brilliantly.”

Charming D G A Swarna, the only lady wealth planner among the top six, was the shining star, winning the coveted honour of Best Financial Services Advisor – Life.  Her performance entitled her to the position of “Top of the Table” at the Million Dollar Round Table conference attended only by the world’s highest ranking sales professionals. In addition, she has secured another accolade, the highly prestigious International Quality Award (IQA) presented by the world’s premier Life Insurance Marketing and Research Association. These are the world’s highest achievements an insurance sales person can accomplish.

Chaminda Dissanayake won the award for the Best Team for Life and Piyal Ratnayake walked away with the trophy for Best Distribution Manager – Life. 

Among the general insurance achievers, Lankanatha Meegahapola became the Best Sales Person, with Mahesh Jayawarna receiving the Best Team award followed by Malanga Galappaththi who was presented with the Best Business Development Manager award.

Apart from the top winners, there were 18 Gold award recipients and two who received the Platinum award. There were altogether 16 MDRT and nine IQA winners. 

Addressing the gathering, Upul Wijesinghe, director distribution – direct sales force, said: “I congratulate our award winning wealth planners for surpassing target expectations and truly proving themselves to be ‘The Team you can Trust’. Their performance is an inspiration for all Wealth Planners.  This year we have an apt theme of the convention: ’Insurance powered by Technology’. Our Aviva NDB wealth planners are being equipped with laptops to meet today’s challenging IT-savvy environment and our customers can look forward to a faster, more efficient service even from remote locations.” 

A highlight of the evening was the presentation of an Award for Excellence to the internationally renowned artist Senaka Senanayake. The company has customarily presented the award to distinguished persons whose achievements were a source of encouragement and inspiration to Wealth Planners with ambitious goals. 

Tags: Aviva Ndb, Awards Night, Night

CNO names new executive vice president, CFO


Written on January 22, 2012 – 7:04 am | by Sebastian Braim

CNO Financial has appointed Frederick Crawford as the new executive vice president and CFO effective 23 January 2012.

Crawford will report to Ed Bonach, CEO of CNO Financial.

Prior to CNO, Crawford served as a head and executive vice president of Corporate Development and Investments for Lincoln Financial.

Crawford also has six years of experience as a CFO in Lincoln Financial.

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Tags: Cfo, Executive Vice, Executive Vice President, Vice President

U.S. commercial P&C rates up by 2.8% in 2011 Q4


Written on January 19, 2012 – 7:41 pm | by Gabrielle Scanlan

Commercial property and casualty pricing in the United States increased by an average 2.8% in 2011 Q4, according to The Council of Insurance Agents & Brokers’ quarterly .
On average, small, medium and large account pricing increased 2.8% last quarter, compared to a 5.4% price decline over the same period last year.
Rates for small commercial accounts increased by an average of 3.1% in 2011 Q4. Medium commercial accounts increased by 3.5% and rates for large accounts went up by 1.8%
“It’s clear from the data that the market continued its upward momentum in the fourth quarter,” said Council president and CEO Ken A. Crerar.

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Tags: 2011, 2011 Q4

China Life 2011 Saw CNY357.8bn Combined Insurance Premium


Written on January 17, 2012 – 9:15 pm | by Sebastian Braim

China life insurance (Group) Company (hereafter China Life) saw CNY 357.849 billion consolidated insurance premium (non-audited, and the same below) and CNY 1.96 trillion combined total assets in 2011, and the premium increased steadily.

In terms of the itemized data, China life insurance Co., Ltd.

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Tags: China Life, Insurance Premium, Premium

Cost biggest factor for delaying dental care


Written on January 14, 2012 – 9:20 am | by Hunter Rankine

The cost of dental care, rather than fear of pain, is the biggest reason consumers delay going to the dentist, according to a new Consumer Reports survey asking readers to describe their dental health and cosmetic treatments in the last five years.

Consumer Reports subscribers tend to have better dental insurance coverage than Americans on average, but 43 percent still cited cost as a barrier for getting treatment.

“Because cost is an issue, consumers need to be clear about the line between dental care that is necessary and the procedures they can live without. Many dentists are trained to push for procedures, both cosmetic and non-cosmetic, that will boost their bottom line,” Nancy Metcalf, Consumer Reports senior program editor, said in a press release.

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Tags: Care, Dental Care

Senior police inspector accused of insurance fraud


Written on January 13, 2012 – 12:54 pm | by Gabrielle Scanlan

Inspector Mohammed Razaq cleared of corruption but charged with insurance fraud

A senior police inspector has been charged witih making fraudulent insurance claims.

Inspector Mohammed Razaq was suspended seven months ago on an internal corrpution probe by Greater Manchester Police.

The corruption probe has been dropped, although the new allegations of insurance fraud have emerged.

A Crown Prosecution Service spokesman said: “After reviewing a file of evidence from Greater Manchester Police I have decided that there is sufficient evidence for a realistic prospect of conviction and it is in the public interest to charge Mohammed Razaq with five offences of fraud by false representation, one offence of failing to disclose information and three offences of money laundering.

“These charges relate to allegations that Mohammed Razaq made fraudulent insurance claims and gave false information in two mortgage applications.”

 

 

 

 

 

Tags: Fraud, Insurance Fraud, Police Inspector, Senior Police Inspector