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Arpico Insurance increases revenue
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D.C. Kevitiyagala and Viville Perera, Directors of Arpico
Insurance at the opening of the Kottawa branch |
Arpico Insurance PLC which is part of the Richard Pieris & Co. PLC recently
expanded the branch network by opening four new branches in the Western, Central
& Sabaragamuwa provinces. As per its management statement, the company which has
been in business for the past 4 years in the country is now in a position to
cater to its growing number of clients by establishing its presence in key
locations in Kegalle, Kandy, Kottawa and Kadawatha.
The Kegalle branch was opened in late 2015 by Group CFO and Director: Arpico
Insurance Mr. Jagath Dissanayake. Whilst Richard Pieris & Co. Group Director
Professor Lakshman Watawala was present at the inauguration of the Kandy Branch,
both the Kottawa and Kadawatha branches were opened by Richard Pieris & Co.
Group Director and Director of Arpico Insurance Mr. Viville Perera.
Having achieved a record breaking premium income of Rs. 100 Million only within
its first year of operation has been marked as the highest in the industry.
Continuing its dynamic trend Arpico Insurance PLC has been able to achieve
figures of Rs.206 Million, Rs.298 Million and Rs.483 Million for its 2nd, 3rd
and 4th financial years respectively.
Total GWP achievement increased by Rs.185 Million to a total of Rs.483 Million
during 2015 from Rs.298 Million in 2014 reaching a commendable growth rate of
around 62%. |
