IIRM Lanka Insurance Brokers achieves solid market share growth
View(s):The company said in a media release that it commands a market share of 21.13 per cent in the Long-term Insurance sector and 6.34 per cent in the General Insurance Business, amounting to an overall market share of 7.79 per cent, equivalent to a Rs. 3.9 billion as per the newly released Statistical Review 2022 report by Insurance Regulatory Commission Sri Lanka. These figures were released by the Commission in September 2023.
IIRM Lanka Insurance has consistently demonstrated a commitment to excellence and innovation. This market share growth is a testament to the company’s dedication to serving its clients with the highest level of professionalism and expertise.
The company’s exceptional journey to market leadership in the long-term insurance segment is a reflection of its unwavering commitment to meeting the evolving insurance needs of Sri Lankan customers. With a commanding 21.13 per cent market share, the company has become the go-to choice for individuals and families seeking comprehensive, reliable, and affordable long-term insurance solutions.
“Our success in the general insurance business underscores our expertise in risk assessment, underwriting, and claims management,” noted Graeme Labrooy, Deputy Chairman and CEO.
“We take pride in providing our clients with tailored insurance coverage that safeguards their assets, business interests, and peace of mind,” he added.
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