Advancing Compliance through Flexible Learning at Union Assurance

700+
Employees
$102M
Annual Revenue
40%
Compliance Improvement
90%
Training Completion
85%
Understanding Improvement

Company Overview

Union Assurance PLC is a leading life insurance provider in Sri Lanka, offering a wide range of products including investment protection, retirement planning, and more.

The Challenge

01

Urgent Need for Enhanced Awareness

Employees lacked understanding of evolving money laundering tactics, creating an urgent need for more effective training aligned with their daily work.

02

Basic Compliance Measures Inadequate

Existing compliance measures were insufficient to address the complexities of modern money laundering schemes, putting the company at risk.

03

Need for Flexible Training Solutions

The company needed flexible training solutions that could be easily integrated into employees’ busy work schedules without disrupting operations.

The Solution

Interactive Learning for Immediate Awareness

We implemented interactive courses that led to 85% of employees demonstrating a clear understanding of money laundering tactics within two weeks.

Flexible Learning Options

With the flexibility of these courses, 90% of employees completed the training within their work schedules, ensuring minimal disruption to daily operations.

Continuous Learning and Updates

Regular updates to the training ensured that employees stayed informed of the latest trends and regulatory requirements, leading to a 40% improvement in their ability to identify and report suspicious activities.

Conclusion

Union Assurance significantly enhanced compliance and employee awareness through flexible, interactive learning solutions.

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