Commenting on the company’s performance up to 3rd quarter 2018, Managing Director of Allianz Insurance Lanka Limited, Mrs. Surekha Alles, said, “As a norm a sluggish growth could be expected at a time of integration. However, we are happy with the growth that we have achieved amidst many obstacles and we are confident that we will bounce back strongly to end the year with a sustainable growth demonstrating our strength in the market.”
She further stated that, “Since its inception in 2005, Allianz Insurance Lanka Limited has always recorded strong growth and maintained its profitability by focusing on our business sustainability with our customers at the heart of everything we do. In order to continue providing enduring benefits to our customers, we are pursuing an innovation led growth strategy combined with digitalization of processes ensuring that our solutions are aligned to the changing needs of our customers and providing greater convenience to all.”
Allianz Lanka recently announced the successful completion of the amalgamation and has several new plans to restructure the company in order to maximize the benefits offered. The company is confident that this will help them better understand the needs of their customers and support them in their moment of truth.
The parent company Allianz SE recently released its nine months earnings for the year which demonstrated the financial strengths the Company possesses. The total revenues of Allianz Group increased by 7.9% to 30.5 billion Euros and the operating profit grew 20.6% to 3.0 billion Euros, mostly driven by the Property & Casualty business.