Sri Lanka Insurance (SLIC) has emerged as the market leader of the general insurance sector at the end of year 2020 reaffirming the supremacy of the state insurance giant.
SLIC commands a market share of 20.3%, leading the General Insurance market and recorded a total GWP (Gross Written Premium) of Rs. 20,163 million as at 31st December 2020, the company said in a media release.
The company recorded 6% growth in the General Insurance sector despite the 1.5% negative growth rate of the overall General Insurance industry.
The non-motor insurance segment of SLIC recorded a phenomenal growth of 38% achieving Rs.8,357 million GWP while motor insurance segment achieved Rs. 11,806 million GWP leading the motor insurance segment.
“Premier motor insurance brand ‘Sri Lanka Insurance Motor Plus” is among the many pillars behind this triumph. The leading motor insurance brand redefined the motor insurance experience by introducing multiple innovative motor insurance products cater to unique needs of customer segments in the motor insurance market,” the release said.
Further ‘Suraksha’ insurance scheme which was initiated as a collaboration of the Ministry of Education and SLIC in year 2017 was once again awarded to SLIC to facilitate 4.3 million school children by providing financial assistance to ensure uninterrupted education.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
The 22nd amendment to the constitution dealing with the term of the President has been gazetted by order of President Ranil Wickremesinghe.
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