Continental Insurance reaches new heights
Continental Insurance (CILL) recorded its highest growth in gross
written premium of 30% and 25% in net profit since beginning operations
five years ago.
Continental Insurance has established itself as one of the key
players in the industry by expanding to 35 branches islandwide and
increasing its market share to 3.5% in the General Insurance sector.
CILL offers a diverse product portfolio to customers encompassing
property, motor, marine and general accident insurance.
CILL's diverse portfolio is matched by its fast track claim
settlement within 24 hours from the time the claim is lodged.
CILL's (A-) Fitch rating reflects the financial stability of the
organisation and further enhances the confidence of the policy holders.
CILL Managing Director Chaminda de Silva commended the high
performance of CILL in 2014.
He added that this was achieved by the organisation independently
without any merger with financial organisations or entities.
The captive business accounts for only 6.5 % of the total GWP which
indicates an increase in non-related customer business volumes.
Being a fully owned subsidiary of Melsta Corp and Distilleries Group
of Sri Lanka (DCSL PLC), CILL takes pride in the fact that its parent
company is among the few that have been assigned with the AAA Fitch