SANASA Life Insurance achieves record growth of 90% in Q1 2023

Friday, 26 May 2023 02:49 - - {{hitsCtrl.values.hits}}

From left : Managing Director Indika Kiriwandeniya, CEO Ivan Nicholas and Chief Business Officer Kennedy Michael

SANASA Life Insurance Co PLC, which was recognized as the fastest growing life insurance company in Sri lanka for the last couple of years takes a giant leap in the field of Life Insurance in Sri Lanka during the first quarter of 2023 by increasing their Gross Written (GWP) to 959 million which was 504 million in same period of 2022. It is a record growth of 90% in the first quarter of 2023. With this achievement SANASA Life Insurance Co has been able to climb up to the 8th Position in the industry where they hold 9th position in 2022 with the Market Share (GWP) of 2.8%.

“This kind of accomplishment has been achieved due to the hard work and dedication of the employees at all levels of the company, and he believes that the company will achieve its goals even in the challenging times ahead.” SANASA Life Insurance CEO Ivan Nicholas stated. “Always putting the needs of the customer first, we planned and introduced insurance services by fully grasping those needs, which was the driving force behind our record-breaking expansion. We intend strengthening the consolidation of client confidence while attaining even higher financial success going future.” Commenting on the achievement SANA-SA Life Insurance Co Managing Director Indika Kiriwandeniya stated: “The Vision of SANASA Life Insurance Company PLC is to improve the living conditions while providing economic independence to those who are experiencing financial hardship.”

SANASA Life has been recognized as the fastest growing life insurance company in Sri Lanka multiple times by many local and foreign awarding bodies. Through its nearly 100-branch island-wide branch network, SANASA Life currently provides a range of innovative insurance products for middle and high income citizens in both rural and urban areas. Through its innovations, SANASA Life has been able to significantly contribute to the growth of Sri Lanka’s insurance market.