Union Assurance celebrates multiple recognitions at TAGS Awards 2025

Union Assurance secured three accolades at The Diamond Chapter of the TAGS Awards 2025 ceremony, held at Shangri-La, Colombo. 

Driven by its purpose to protect what matters most, the company received a Bronze award in the Insurance Companies (Gross Premium Above Rs.10 billion) sector category, a Certificate of Recognition for Integrated Reporting and a Certificate of Recognition for Corporate Governance Disclosure, all in recognition of its annual report for 2024, themed ‘Folds of Value’. 

Organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the TAGS Awards mark six decades of continuous commitment to exemplifying transparency, accountability, governance and sustainability (TAGS) in corporate reporting among Sri Lankan organisations and are widely regarded as the nation’s foremost platform for recognising continued efforts to uphold the highest standards in both financial and non-financial reporting. 

The Bronze award in the Insurance Companies (Gross Premium Above Rs.10 billion) sector attests to Union Assurance’s high-calibre annual reporting within Sri Lanka’s large-cap insurance landscape. 

The Certificates of Recognition for Integrated Reporting and Corporate Governance Disclosure honour, respectively, the cohesive narrative connectig financial performance with strategy and long-term value creation and the clarity with which the company has articulated its governance frameworks, reflecting the high standards it upholds in transparency, accountability and board-level oversight.

“These distinctions at TAGS Awards 2025 affirm that our annual report ‘Folds of Value’ delivered on its core purpose providing a complete, substantive and well-governed account of Union Assurance’s performance and strategic direction,” said Union Assurance Chief Financial Officer Himani Weerasekera.