Ceylinco Insurance wins Business Excellence Gold

Ceylinco Insurance PLC, Sri Lanka’s market leader in insurance, has won the top insurance sector award at the 2008 edition of the National Business Excellence Awards.

Ceylinco Life’s Chief Executive Director R. Renganathan (second from left) and Ceylinco Insurance Director Patrick Alwis (extreme left) with the NBE award.

The Gold award for insurance presented by the National Chamber of Commerce of Sri Lanka recognises Ceylinco Insurance as a company that has demonstrated excellence in business whilst contributing to the economic progress of the country.

Confirmed the market leader in both General and Life insurance for the fourth consecutive year by the Insurance Board of Sri Lanka, Ceylinco Insurance PLC ended 2007 with a consolidated premium income of Rs. 17.1 billion with contribution of Rs. 10.3 billion from its General Division and Rs. 6.8 billion from the Life Division.

The Company’s General and Life Divisions accounted for market shares of 33.22 per cent and 33.03 per cent respectively on the basis of Gross Written Premium in 2007. The benchmark for innovation in the local insurance industry, Ceylinco Insurance’s islandwide branch network is the largest in the industry.

The company has been internationally recognized for corporate citizenship, innovation and brand building.