Union Assurance Centre
20, St. Michael's Road
Colombo
Sri Lanka
Company Overview
Union Assurance PLC (Union Assurance) is a general insurance company, which offers a flexible array of life insurance as well as non-life insurance products and services designed to meet the needs of its customers. The Life Insurance products are distributed via its field representatives. Additionally, General Insurance products are distributed through brokers, agents and its staff. It carries out its operations through a network of 44 branches throughout the country. The company is headquartered in Colombo, Sri Lanka and employs 894 people. In August 2007, the company launched Union CALL & GO now On Line, a fully integrated and automated facility of underwriting of motor insurance through the use of internet. The company recorded revenues of LKR 4,554.1 million during the fiscal year ended December 2007, an increase of 28.4% over 2006. The operating profit of the company was LKR 206 million during the fiscal year 2007, an increase of 45.3% over 2006. The net profit of the company was LKR 254.27 million during the fiscal year 2007, an increase of 63.4% over 2006.
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Intelligence
Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125
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