Arpico Insurance PLC growing strong in 2020
View(s):Arpico Insurance PLC , a fully owned subsidiary of Richard Pieris & Company PLC with an ambitious plan to be a leading insurance provider in the country, has kick-started this year with six branch openings and achieved highest recorded sales.
In the two months alone, the company established its presence in Batticaloa, Kalmunai, Ampara, Hanwella, Baddegama, and Embilipitiya as part of its rigorous branch expansion strategy. In January, the insurance provider recorded the highest ever sales figure for a month excluding its group life revenue, exhibiting over 100 per cent growth in new business for the month in comparison to January last year, the company said in a media release.
The company said it continues to strengthen its portfolio and presently offers a range of plans such as endowment, term assurance, education, investment, retirement, group assurance, loan protection, relief amongst others.
“‘We are immensely proud of our progress in the recent years to be one of Sri Lanka’s fastest growing and most trusted insurance companies today backed by the strength and support of our parent group which has an outstanding reputation championing the hearts of the Sri Lankan community for over eight decades. We thank our customers, employees and stakeholders for helping us get this far. We are confident to reach greater heights in the insurance industry,” said Harsha De Alwis, acting CEO of Arpico Insurance PLC.