Allianz continued its upward growth trajectory in the first quarter of 2013, achieving a profit before tax of Rs.85 million, a 5 percent increase over last year.
The Non- Life segment generated a Gross Written Premium (GWP) of Rs.532.2 million during the period, which is a 14 percent increase over the first quarter of 2012.
Of this GWP, 63 percent was contributed from the Fire segment whist the motor segment showed the highest growth for the quarter.
The Life segment’s GWP grew by 42 percent over the first quarter figures of last year to Rs.172 million. New business premium grew by a corresponding 69 percent.
The first quarter of this year saw Allianz Lanka further expanding its network by three new branches in strategic locations in Chillaw, Thrinavill and Bandarawella to provide more customers with speedier service and ease of access.
“A product or price advantage can always be emulated. But we are confident that the Allianz culture of strong customer service cannot be duplicated. Because the culture of service is part and parcel of our ethic and mission and we put all our efforts into giving our customers an experience that exceeds their expectations,” d Allianz Lanka CEO Surekha Alles explaine.
“Our aim this year has been to increase our customer portfolio in the retail sector and I am very pleased that we are already experiencing tangible results here, due, undoubtedly, to our customer focus,” she added.