Financial Times

Allianz Lanka launches life business

Pic shows Allianz Lanka CEO Surekha Alles, Head of Finance Dineth Ediriweera and Head of Sales and Marketing, Sandamal Hettiarachchi, jointly cutting the ceremonial ribbon inauguratung the life business premises.

Allianz Lanka inaugurated the life insurance business in Sri Lanka with the opening of the life business premises at its Colombo office. Based in Glennie Street, the Allianz Life business division is equipped with all facilities to commence Life operations very shortly, the company said.

German conglomerate Allianz SE's application for local subsidiary Allianz Life Insurance Lanka to commence Life insurance in Sri Lanka, was approved by the local insurance regulator from July this year. This application conforms to proposed IBSL regulations that support the setting up of separate corporate entities to manage life and general business. At present, all insurance companies in Sri Lanka that carry out Life and General business operate under a single entity, according to an Allianz Statement.

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