Insurance sector grows 19.63% in 2010

28 April 2011 05:14 am - 0     - {{hitsCtrl.values.hits}}

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The Sri Lanka Insurance sector has recorded a 19.63 percent growth in 2010 compared with 2009, taking in a Gross Written Premium Income (GWMI) of Rs.68.4 billion, according to the data released by the insurance regulator, Insurance Board of Sri Lanka (IBSL)

The Life Insurance sector grew by 31 percent to Rs.31.1 billion in 2010 while the General Insurance Sector recorded a growth of 11 percent recording a GWPI of Rs.37.3 billion.

The Total Assets of the insurance companies have increased to Rs.222 billion at the end of year 2010. Total Assets valued at the end of year 2009 was Rs.181 billion.

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