Union Assurance honours Rs. 1.4 bn in claims in Q1

Union Assurance PLC, despite operating in a challenging environment, closed its first quarter with progress across key areas ranging from gross written premium to profit before tax and total net revenue.

It also honoured Rs. 1.4 billion in claims, compared to Rs. 1 billion during the corresponding period of last year.

The Chief Executive Officer of Union Assurance, Jude Gomes said: “We have achieved notable growth in key financial indicators compared to the same period last year. This is due to our customer-centric strategy, the unwavering focus on service excellence, and of course our revolutionary digital capabilities,” he asserted.