AIA INSURANCE | LMD

Chathuri Munaweera appointed as new CEO of AIA Insurance coverage, making her the corporate’s first feminine CEO 

06^th April 2022: AIA Insurance coverage Lanka introduced the appointment of Chathuri Munaweera as its new Chief Government Officer (CEO).  The appointment shall be efficient 01 Might 2022 topic to approval of the Insurance coverage Regulatory Fee of Sri Lanka. Notably, she would be the firm’s first feminine CEO. The outgoing CEO, Nikhil Advani is relocating throughout the AIA Group as CEO of AIA Thailand.

Chathuri is a extremely skilled govt with over 25 years of expertise within the insurance coverage business in Sri Lanka.  She is the Director Authorized and Operations of AIA Insurance coverage Lanka (AIA Sri Lanka) chargeable for Life Operations, Company Legislation, Firm Secretarial and Exterior Relations and has beforehand been the Firm’s Chief HR Officer and Chief Compliance Officer.  Chathuri has been a member of the Government Committee of the Firm since 2006, taking part in a lead function in strategic planning and enterprise achievements.

Chathuri led the advanced company restructuring of AIA Sri Lanka to in the end turn into an entirely owned subsidiary of AIA Group. She has been chargeable for the digital and course of transformation of AIA Sri Lanka’s end- to -end buyer journey, aligning to buyer and advisor assist which was recognised with a variety of ‘Most Improved’ Nation Awards inside AIA Group (2021).  She led the operational modifications which noticed premium collections develop through digital and bank-led non-cash assortment strategies and buyer conservations, thus enhancing each new enterprise gross sales effectivity and the standard of the in-force enterprise.

Chathuri concluded her research at Visakha Vidyalaya and is a lawyer by coaching (Sri Lanka Legislation Faculty) with a Bachelor and Grasp’s levels in legislation from the College of Colombo.  She is a Chartered Member, Chartered Institute of Personnel and Improvement, UK and holds an Worldwide Diploma in Compliance (Graduate), ICA, (Manchester Enterprise College, College of Manchester) UK.

She was recognised as one of many 16 trailblazers who’re driving gender equality throughout Sri Lanka, on the launch of the #TogetherWeCan marketing campaign by the IFC-DFAT SheWorks Sri Lanka Partnership, a marketing campaign meant to pave the way in which for the non-public sector to boost employment alternatives for girls.

Outgoing CEO Nikhil has been part of AIA Insurance coverage Lanka since 2016 and was chargeable for the Firm’s new life insurance coverage product portfolio and expanded its footprint within the well being market. Having taken over as CEO in 2019, beneath his management, AIA Sri Lanka achieved sturdy development in its topline and outperformance in VONB, OPAT and different monetary KPIs, demonstrating resilience throughout among the most difficult financial instances in Sri Lanka’s historical past. He joined AIA Group in 2011 as Group Head of Channel Advertising and AIA Sri Lanka in 2016 as Chief Advertising Officer and Director of Buyer Technique and Transformation. Nikhil has over 26 years’ expertise in insurance coverage and monetary industries.

Invoice Lisle, Regional Chief Government AIA Group and Chairman AIA Insurance coverage Lanka, mentioned: “I’m delighted that Chathuri is ready to turn into CEO of AIA Insurance coverage Lanka. She brings a confirmed observe document and appreciable expertise to the CEO function and is well-positioned for continued success. I want her all the very best and am assured she’s going to speed up the corporate’s constructive momentum in its subsequent part of development in Sri Lanka.  I additionally wish to congratulate Nikhil on his excellent efficiency and invaluable management and need him each success as he assumes the place as CEO of AIA Thailand.”