Amana Takaful Insurance PLC (General) is celebrating another year of exceptional performance, solidifying its position as a leader in Sri Lanka’s insurance industry. For the third consecutive year, the company has achieved impressive growth, marking a staggering 28% year-on-year increase in Gross Written Premiums (GWP) in 2023. This remarkable achievement translates to impressive revenue of LKR 4.29 billion during the review period.
The growth surge extends across various segments, demonstrating Amana Takaful’s strategic strength and diversified offerings. The motor insurance segment witnessed a significant 29% increase, reaching LKR 2.13 billion. Similarly, the non-motor and health segments experienced substantial growth of 21% (LKR 1.40 billion) and 40% (LKR 750 million) respectively.
These achievements go beyond financial success; they solidify Amana Takaful’s commitment to providing exceptional service and innovative solutions that cater to the evolving needs of its diverse clientele.
Commenting on the company’s performance, Hassan Kassim, Managing Director at Amana Takaful Insurance PLC, highlighted, “Our remarkable growth is a testament to our unwavering focus on strategic planning, service excellence, and innovative business practices. The significant increases across all segments – motor, non-motor, and health – are a clear reflection of our dedication to exceeding expectations.”