INSURANCE COMPANIES IN SRI LANKA – A LIST OF INSURANCE COMPANIES

AIA Insurance Lanka Ltd.

AIA is a key player in Sri Lanka’s insurance industry and has served millions of Sri Lankans for almost 3 decades. We are deeply committed to contributing towards the betterment of the Sri Lankan economy and society at large. While providing protection to customers at every stage of their lives, we offer a range of retirement, health and savings solutions for individuals, large corporates and small & medium enterprises. We have a strong distribution network covering the entire island, employ over 3,500 Wealth Planners and operate over 120 branch offices. We are also the pioneer in ‘Bancassurance’ in the country and work with some of the leading banks, further expanding our distribution network. Backed with AIA Group’s strength and expertise, we are committed to staying in and growing in Sri Lanka and helping you live healthier, longer, better lives.

Allianz Insurance Lanka Ltd.

Allianz Insurance Lanka Ltd. and Allianz Life Insurance Lanka Ltd., known together as Allianz Lanka, are fully-owned subsidiaries of Allianz SE, a global financial services provider with services predominantly in the insurance and asset management business, headquartered in Munich, Germany.

Allianz Lanka first started its underwriting operations for non life insurance business in January 2005, after receiving the registration from the Insurance Board of Sri Lanka (IBSL) in September 2004. Following its successful non life insurance operations in Sri Lanka, Allianz also commenced its Life insurance business in July 2008.

Since inception, Allianz Insurance Lanka Limited has achieved distinctive growth within the Sri Lankan insurance industry, with top-line growth of over 38 times during the past decade. Allianz Life Insurance Lanka Ltd. too has grown by more than 200 times in just seven years of operations, to become one of Sri Lanka’s leading Life insurance companies.

Allianz Insurance Lanka Ltd.

Amana Takaful PLC

Takaful is derived from the Arabic root-word “kafala” which means Mutual Protection and Joint Guarantee. Operationally, Takaful refers to participants contributing mutually to a common pool, for the purpose of mutual indemnity in the case of peril or loss. This arrangement is obligated through the tenets of Islamic Shariah.

Amana Takaful Life PLC

Arpico Insurance PLC

Arpico Insurance PLC was incorporated as a Public Limited Company in 2011, and received the license as a Life Insurer in the same year by the Insurance Board of Sri Lanka primarily providing life insurances. The company reached a GWP of Rs. 100 million within the first year of its commercial operations.

Fairfirst Insurance Limited

Fairfirst is the amalgamated entity of Union Assurance General and the former Asian Alliance General Insurance. We are backed by Fairfax, one of the largest general insurance groups in the world specializing in insurance, reinsurance, and investment management. We like to keep complex insurance stuff simple. As a leading insurance company in Sri Lanka, we will continue to serve individuals, businesses and institutions across this beautiful island. We intend to do so through our versatile workforce of 1400 spread across a network of 54 service centers. And most importantly we strive to serve you in the same way we like to be treated. It may not always be easy, but it’s only fair we give it our best shot.

Ceylinco General Insurance Limited

Ceylinco Insurance PLC began with a solid and innovative start. Business commenced on the 14th of January 1988,and has since grown and flourished in the spheres of Life and General Insurance.

Today, we are the leading insurance company in Sri Lanka, with the largest network of branches and agents in the insurance industry. We aim to become the leading provider of protection and financial security in Sri Lanka and international markets.

Ceylinco Life Insurance Limited

Ceylinco Life is Sri Lanka’s largest and undisputed leader in life insurance. Going from strength to strength with innovative products and services, whilst reinforcing our trust and reputation amongst the people, we have grown to become a household name in every corner of the country and a benchmark of life insurance in Sri Lanka.

Continental Insurance Lanka Ltd.

Continental Insurance Lanka Limited, a fully owned subsidiary of the prestigious Distilleries Company of Sri Lanka (DCSL) Group (www.dcslgroup.com) is a dynamic player in the insurance industry, committed to providing world class-levels of service on its journey to become the No.1 insurance provider in South Asia. Continental Insurance is the only Sri Lankan Insurance Company to be awarded with Fitch Rating A (lka), assuring policyholders of the highest standards in its products as well as its services. The company is steered by a prominent team of experienced professionals, some of whom are directly responsible for revolutionizing the insurance industry in Sri Lanka. The company offers a range of the best insurance solutions which are created on a platform of product quality and value-for-money.

Continental Insurance Lanka Ltd.

Cooplife Insurance Limited.

The First and only insurance company of its kind in Sri Lanka, the Cooperative Insurance Company Limited (CICL) is a true people’s champion. Hailed as an inspiration and a boon, this people’s insurer plays a vital role in empowering and transforming the Sri Lankan Insurance service sector.

HNB Assurance PLC

As a subsidiary of Hatton National Bank PLC; an internationally acclaimed commercial bank in SriLanka, HNB Assurance PLC is a leading life insurance service provider in Sri Lanka, with a wide spectrum of solutions in its portfolio ranging from individual life policies to corporate life policies and Takaful services. Fitch Ratings Lanka ranked HNB Assurance PLC with a ‘National Insurer Financial Strength Rating’ of ‘A(lka)’, while HNB Assurance is also a publicly quoted company which was listed on the Colombo Stock Exchange (CSE) in the year of 2003. Click here to view our financial reports.

HNB General Insurance Ltd.

Hatton National Bank is a premier private sector commercial bank operating in Sri Lanka with 251 branches spread across the island. The bank has been internationally recognized by the Asian Banker Magazine as the “Best Retail Bank in Sri Lanka” on ten occasions from 2007 to 2017.

Janashakthi Insurance PLC

Decades of service to the nation has transformed Janashakthi from its humble, local roots, to being a key player in the Sri Lankan Insurance industry. Having brought in thousands of Sri Lankans into the organisation, the Janashakthi family has consistently pursued one, bold ambition of lighting up millions of lives with the warmth and protection of Insurance.