Formula Plus Motor Show, an astounding success
   
Sri Lanka Insurance Cricket Legends 2007, A treat of a life time to all cricketing fans
   
Sri Lanka Insurance Corporation appointed as the official Insurance Provider for the 10th South Asian Games
   
A Motor Show with a difference with the new 'Formula Plus Sri Lanka Motor Show'
Record breaking number of motorists at SLI carwash
Sri Lanka Insurance introduces ‘Formula Plus’ Motor Policy
Sri Lanka Insurance offers free Natural Disaster Cover : Financial Times, 25th January 2005
Sri Lanka Insurance FREE Natural Disaster Cover
"Fitch" Re-Affirms Sri Lanka Insurance National Rating
Sri Lanka Insurance pays 1st Tsunami Motor Claim
Sri Lanka Insurance to open Rs.350 million collision centre
Sri Lanka Insurance becomes the first Insurance Company in Sri Lanka to be assigned a rating from a global rating agency
   
News Archive
 
 
24 Hour Service extended to Kandy
 

Its business round the clock when Sri Lanka Insurance extended its 24 hour service to Kotugodella Veediya Kandy enabling policyholders to attend to their insurance needs at any time of day or night.
 
Some call this "Service". We call it "Convenience"
 

In keeping with the Company's objective to provide greater convenience, Sri Lanka Insurance tied up with Sampath Bank to offer policyholders six "Premium Payment" methods to choose from to suit their individual life style.
 
A Partnership with The Royal Colombo Golf Club
 

The pioneer in insurance entered into a three year partnership with the Royal Colombo Golf Club, one of the oldest clubs in Sri Lanka.

As a number of golfers who patronize RCGC are valued customers of Sri Lanka Insurance this is indeed a happy omen for two leaders in their respective spheres.
 
Record Business of Rs. 5 Million on 1st January
 

The New Year began at SLI with a business launch and religious activities at ‘Rakshana Mandiraya’ its head office in Colombo. The business launch saw the introduction of insurance policies with a total premium exceeding Rs. 5 million.

The launch took place simultaneously in over 70 branches of the Company located island wide.
 
Sri Lanka Insurance Corporation Limited Posts Top Growth in 2003
Sri Lanka Insurance (SLI) recorded an outstanding performance for the year ending December 2003. The financial giant recorded a consolidated Gross Written Premium (GWP) of Rs. 8.2 billion, a 6% growth in comparison to 2002. The Company attributes this growth to the commitment & hard work of its sales force, the dedication of its employees and the support extended by the intermediaries.

The total life business grew by 14% recording a Gross Written Premium of Rs. 3.2 billion, retaining the Company’s leadership in the life segment. Whilst the life business generated from individual policies grew by 9% to record a GWP of Rs. 2.4 billion, the corporate life business grew by 5.6%. The new business premium grew by 54% in comparison to 2002.

As a result, SLI’s life fund now stands at Rs. 24 billion thus reinforcing its long-term commitment to 		 

its policyholders. The Company also declared an annual bonus of Rs. 150, highest ever in the industry.

The general insurance business recorded a GWP of Rs. 5 billion, a 2.6% growth in comparison to 2002 in spite of the highly competitive market. Moreover, several strategic decisions have been taken to expand the non-life market share in 2004 including the forming of a Corporate Business Development Unit, to exclusively service the needs of corporate clients and the broker community.

Sri Lanka Insurance the market leader in both Life and Non-Life insurance business is financially the strongest. With Rs. 32 billion assets under management the company settles claims on an average of Rs. 12 mn per day.

  
 
The Financial Giant takes on Information Communication Technology

Since its privatization in April 2003 many changes have been targeted at Sri Lanka Insurance clients, who are increasingly searching for convenience and value for money on their investments. The adoption
of information technology in to SLI’s internal processes has played an integral part in it’s quest to improve the Company’s efficiency.

Today Sri Lanka Insurance proudly claims to be the largest online branch network in the industry enabling customers to access policy details from any where in the country. What was not so long ago a piecemeal operation, where branches were more or less isolated from the head office is now only a mouse click away.

The life online system developed through SLI’s in-		  

house expertise facilitates policy payments instantaneously eliminating the need for paper work. As a further enhancement to it’s in-house capabilities Sri Lanka insurance recently tied up with First Apex a reputed international software company and since then have made steady progress in the Company’s endeavours to meet international standards.

Substantial investment has also been made on a sophisticated PABX system which over the last few months has intensified the efficiency of internal and external communication.

Further, the rapid transformation from typewriters to a computerized environment has resulted in over 2/3 of SLI employees having access to their own PC’s and linked via intranet enabling speedy internal communication.

 
 
SLI collaboration with ING Financial Institutions
As part of the change management process, many strategic decisions have been taken including the collaboration with ING-IGA of the Netherlands, the largest Asset Management Company and second 		 
 
largest Insurer in the world. Based at Sri Lanka Insurance head office, the consultants are currently providing the Company with technical assistance in several areas of the business.