Allianz Lanka records 300% growth in second year

Allianz Insurance Company Lanka Limited continued steady growth into its second year of operation, achieving a turnover of Rs. 300.9 million, with an exceptional YOY growth of 300%. During this short time span, Allianz Lanka made pure underwriting profits with a net profit after tax of Rs. 12.8 million, a noteworthy achievement for a new entrant to the Industry.

"Despite having been a very challenging year, we have had a strong growth performance. Our shareholders are very happy that we have exceeded all key targets. This will further consolidate our position in Sri Lanka," said CEO Allianz Insurance Company Lanka Limited, Surekha Alles.

The Company's strong performance since its inception can be attributed to the meticulous execution of product strategies in the local market by its hand picked team of insurance professionals, who customise General insurance products to meet specific customer needs.

Besides being a large industrial insurer, Allianz also has a substantial portfolio in the commercial and personal lines sector, and uses a wide variety of innovative distribution channels.

Allianz Lanka's growing client portfolio, which ranges from reputed multinationals to large local corporates, to small traders to individuals, confirms the fact of their confidence in Allianz policies and reinsurance arrangements.