Allianz Insurance Lanka
Records highest industry growth for three consecutive quarters
Colombo, Sri Lanka. 30 November 2016. Allianz Lanka had another impressive quarter, recording a 51% growth in Gross Written Premium of Rs. 3billionin its Non-Life Company, from Rs. 2 billion in the same period a year ago. The company continuously recorded the highest industry growth for the past three consecutive quarters, and is a noteworthy achievement in a highly competitive market.
The period has been one of significant achievements, with recognition received for a number of key strategic initiatives. Chief among the accolades received was the regional award for Best Sustainable Insurance Company in South Asia. This prestigious award, conferred by the World HRD Congress supported by the Asian Confederation of Businesses, validates Allianz Lanka’s continued commitment to sustainable growth in all areas of business
”Our strong growth reflect the success of the growth strategies that the Company has put in place. I am also pleased to see our efforts endorsed with regional recognition,” said CEO Allianz Lanka, Surekha Alles. Throughout the ten- plus years of our presence in Sri Lanka, Allianz Lanka did not pursue growth for its own sake, but focused on growing our business sustainably instead, with the customer at the heart of everything we do.”
The Life company recorded a GWP of Rs. 765 million during the same period, which is a year-on-year (YoY) growth of 13%, from Rs 676 million in 3Q2015. The successful performance of the Non-Life Company prompted Allianz Lanka to look at strategies to accelerate growth in Life operations as well.