Continuing its journey of success along a steady and unwavering path of growth, Continental Insurance recorded highly impressive results across all areas of business in the company for 2015.
The company established record numbers in growth with the Gross Written Premium (GWP) of 30%. In turn, this recorded a total GWP of Rs.2.430 billion for Continental Insurance for the year 2015.
These groundbreaking figures are testament to the company’s stability and trust amongst a rapidly growing customer base, in a fiercely competitive marketplace that is not only dominated by well-established players but one that has also seen a sharp decline in premium rates recently,
Speaking out about its success, the company’s CEO stated that ‘sustainable growth’ was essential in today’s competitive environment. “Sustainability is driven by many factors, such as the right balance of products and services, value for money, customer convenience and a user-friendly service” he further added. Focus on developing and enhancing these areas is a continuous process and has been top priority in the company’s strategy for growth.
Another important factor that was a key contributor to the company’s growth last year, was the introduction of the innovative solution where products are accordingly designed to cater to individual customer requirements. Continental Insurance’s rapidly growing network of 40 branches located strategically across the country will serve as launching-pads for the company’s dynamic, new portfolio of motor insurance and non-motor insurance products which are designed to take insurance to the next level.
While its impressive growth and financial stability has acquired many a recognition such as being backed by A-(lka) Fitch rating, securing reinsurance arrangements with reputed internationally recognized and rated panels of Reinsurers and being awarded ISO certification, the real strength and power behind Continental Insurance has been the unwavering dedication and professionalism demonstrated by its staff and their hard work towards achieving the company’s objectives.
Today, Continental Insurance stands poised, ready to meet the new regulations imposed by the Insurance Board of Sri Lanka on Risk Based Capital and a Listing in the Colombo Stock exchange, among other great expectations.