IIRM Lanka Insurance Brokers Private Limited proudly announces its remarkable achievement in the Sri Lankan insurance landscape, securing a substantial market share in both the long-term and general insurance sectors. According to the newly released Statistical Review 2022 report by the Insurance Regulatory Commission Sri Lanka, IIRM Lanka Insurance Brokers Private Limited commands an impressive market share of 21.13% in the Long-term Insurance segment and 6.34% in the General Insurance Business, totaling an overall market share of 7.79%, valued at a staggering LKR 3,182,976,000.
These figures, disclosed by the Insurance Regulatory Commission in September 2023, underscore IIRM Lanka Insurance Brokers Private Limited’s prominent position as a leading player in the Sri Lankan insurance brokering industry. The company’s consistent commitment to excellence and innovation has propelled it to this outstanding market share growth.
IIRM Lanka Insurance Brokers Private Limited’s journey to market leadership in the long-term insurance segment reflects its steadfast dedication to addressing the evolving insurance needs of Sri Lankan customers. With a commanding 21.13% market share, the company has established itself as the preferred choice for individuals and families seeking comprehensive, reliable, and affordable long-term insurance solutions.
In the fiercely competitive realm of general insurance, IIRM Lanka Insurance Brokers Private Limited has emerged as a formidable contender, capturing a significant market share of 6.34%. This accomplishment is credited to the company’s agility in adapting to changing market dynamics, its focus on robust risk management practices, and its unwavering commitment to delivering value-driven insurance solutions.
Mr. Graeme Labrooy, Deputy Chairman and CEO, expressed pride in the company’s success, stating, “Our achievement in the general insurance business underscores our expertise in risk assessment, underwriting, and claims management. We take pride in offering our clients tailored insurance coverage that safeguards their assets, business interests, and peace of mind.”
IIRM Lanka Insurance Brokers Private Limited’s exceptional market share growth is a testament to its dedication to serving clients with the highest level of professionalism and expertise, solidifying its position as a leader in the Sri Lankan insurance market.