Insurance

Sri Lanka’s Insurance Sector Sees Mixed 1Q Results Despite 7.39% GWP Growth

  • August 5, 2024

Sri Lanka’s insurance industry experienced mixed performance results in the first quarter, achieving a 7.39% year-on-year (YoY) growth in overall Gross Written Premium (GWP), equivalent to Rs. 5.41 billion, according to data from the Insurance Regulatory Commission of Sri Lanka (IRCSL). The combined GWP for Long-Term and General Insurance Businesses rose to Rs. 78.59 billion

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Insurance

Insurance Industry GWP Rises 7.39% to Rs. 78.59 Billion in Q1 2024

  • August 1, 2024

The insurance industry in Sri Lanka reported a total Gross Written Premium (GWP) of Rs. 78,589 million for Long-Term and General Insurance Businesses for the period ending March 31, 2024, reflecting a 7.39% increase compared to Rs. 73,178 million in Q1 2023. This marks a premium growth of Rs. 5,411 million year-on-year. The GWP for

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