19/02/2021
Sri Lanka Insurance emerged as the market leader of General Insurance sector in the country
Sri Lanka Insurance emerged as the market leader of the general insurance sector at the end of year 2020 reaffirming the supremacy of the state insurance giant.
Sri Lanka Insurance 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 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% a
chieving Rs.8,357 million GWP while motor insurance segment achieved Rs. 11,806 million GWP leading the motor insurance segment.
