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| Sunday, 3 July 2005 |
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Business |
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Editorial
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Ceylinco Insurance - General set for record growth Ceylinco Insurance - General is all set to reach record growth levels this year, company sources said securing a market share of 34% in general insurance and 44% in motor insurance. The company is looking at achieving greater results this year, the sources said. As at end 2004, the gap between Ceylinco Insurance - General and the second placed industry leader was Rs. 250 million; by the end of the first quarter of 2005 alone, this figure has galloped to Rs. 225 million. "These results consolidate our strength as the market leader, while assuring our leadership position. These are testimonials of the trust and confidence the customers have placed in us", said Ajith Gunawardena, Executive Director Ceylinco Insurance Co. During the first quarter this year, the company recorded Rs. 1,827 million as income in general insurance alone, a growth of 44% when compared to last year's figures. According to company sources, together with the Life Division, the company's total premium income has risen to Rs. 2,908 million during the first quarter of this year alone. |
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Editorial | Security | Produced by Lake House |
