Allianz Lanka Empowers Sri Lankan Insurance Brokers with Global Insights on Directors and Officers Insurance

Allianz Lanka, in collaboration with Allianz Global Corporate Specialty SE, a subsidiary of Allianz SE, headquartered in Munich, Germany, recently conducted a ground-breaking workshop for the Sri Lankan insurance broker community. The workshop aimed to equip brokers with the latest global developments in Directors and Officers (D&O) Insurance, empowering them to navigate the ever-evolving landscape of corporate liability coverage.

The Sri Lankan insurance broker community plays a vital role as the front line in handling complex corporate clients. Acknowledging their importance, Allianz Lanka conducted an intensive training session to enhance their understanding of D&O insurance and acquaint them with recent industry developments worldwide.

A highly anticipated event, the workshop took place at the new Allianz Lanka Head Office at One Galle Face, recently. Two esteemed trainers led the session, bringing their expertise to the forefront. Unnati Bajpai, Regional Practice Leader of Cyber & Tech PI for the Asian Region at Allianz Global Corporate & Specialty, and Divya Shriyan, an expert Underwriter on Financial Lines in India, skilfully guided the participants through the intricacies of D&O insurance.

Over 50 participants attended the training session, surpassing expectations and showcasing the dedication of the Sri Lankan insurance broker community to stay abreast of industry trends. Allianz Lanka expressed its gratitude to the participants by awarding each attendee a certificate of recognition, highlighting their valuable contribution to the workshop and the industry.

Alan Smee, CEO and Country Manager at Allianz Insurance Lanka Limited, emphasized the significance of the broker community and their expertise in shaping effective client outreach with regard to D&O policies saying, “We value the expertise of our broker community and recognize their pivotal role in delivering exceptional service to our clients. Equipping them with comprehensive knowledge and global insights on D&O insurance will undoubtedly elevate their expertise on the relevant segment. We look forward to working together in the future.”

D&O insurance policies provide essential protection to company management and corporate officials. With the present legal environment growing increasingly complex, businesses face heightened risks and potential litigation, often exacerbated by adverse news events and the virality of social media. Recognizing the rising costs of lawsuits, companies should prioritize D&O insurance as a safeguard, as a robust D&O insurance programme becomes a crucial factor in attracting top managerial talent, given the potential risks involved in discharging the duties of these offices, effectively.

As a leading player in the insurance industry, Allianz Lanka remains committed to nurturing a knowledgeable insurance broker community capable of providing superior service and tailored solutions to corporate clients. By facilitating this workshop, Allianz Lanka reaffirms its dedication to increasing awareness among brokers regarding the latest developments in global D&O insurance, fostering a well-informed and proactive insurance ecosystem.

Allianz Insurance Lanka Ltd. and Allianz Life Insurance Lanka Ltd., known together as Allianz Lanka, are fully-owned subsidiaries of Allianz SE, a global financial services provider with services predominantly in the insurance and asset management businesses, headquartered in Munich, Germany. The global strength and solid capitalization of the Allianz Group, coupled with local expertise and business know-how, have been Allianz Lanka’s powerful formula for success.