Receives ‘Distinguished Recognition in the Profession of Management Accounting’ award for excellence in management accounting and financial stewardship
The Executive Chairman of Ceylinco Life Insurance Ltd., Mr R. Renganathan, has been conferred the prestigious ‘Distinguished Recognition in the Profession of Management Accounting’ award by the Institute of Certified Management Accountants (CMA) of Sri Lanka, in recognition of his outstanding contribution to financial discipline, governance, and sustainable value creation.
The accolade was presented at the inauguration of a workshop on Integrated Reporting and Sustainability Accounting Standards, underscoring the growing importance of integrated reporting frameworks and Environmental, Social and Governance (ESG) principles in modern corporate management.
A Chartered Accountant by profession, Mr Renganathan has been instrumental in shaping Ceylinco Life’s financial and governance framework since joining the company at its inception. Having led the organisation from the commencement of its life insurance operations in 1988, following the privatisation of the industry, he has consistently championed the principles of transparency, accountability, and long-term value creation, aligning the company with evolving global best practices in reporting and sustainability.
Under his stewardship, Ceylinco Life has strengthened its position as the market leader in Sri Lanka’s life insurance sector, a distinction it has retained for 22 consecutive years. His financial acumen and strategic foresight have contributed to the growth of the company’s Life Fund to over Rs. 200 billion, while
innovative product development has enabled the organisation to extend life insurance protection to over one million breadwinners across the country.
The recognition also reflects Mr Renganathan’s broader contribution as a thought leader in financial stewardship and sustainability, to elevating standards within the insurance industry, particularly in embedding strong governance practices and ethical conduct, while driving resilience and sustainable growth.
Ceylinco Life’s continued alignment with integrated reporting principles and sustainability standards reinforces its position as a responsible corporate leader committed to transparency, stakeholder value, and long-term financial stability. The honour bestowed on its Executive Chairman further underscores the company’s commitment to financial stewardship and its role in advancing best practices in corporate reporting and governance in Sri Lanka.
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