Arpico Insurance PLC which is a fully owned subsidiary of one of Sri Lanka’s largest blue-chip conglomerate Richard Pieris & Company PLC, kick-started this year with six branch openings and achieved highest recorded sales.
In January, the insurance provider recorded the highest ever sales figure for a month excluding its Group Life revenue; exhibiting over 100% growth in new business for the month in comparison to January last year
In the two months alone, the company established its presence in Batticaloa, Kalmunai, Ampara, Hanwella, Baddegama, and Embilipitiya as part of its rigorous branch expansion strategy.
Having forayed into the insurance industry in 2011 with the visionary leadership of the group’s Chairman Dr. Sena Yaddehige, Arpico Insurance PLC has embarked on a highly progressive action plan to be the most trusted life insurance brand today. It received the license by the Insurance Board of Sri Lanka to operate as a Life Insurer and posted a GWP of LKR 100 Million in the same year it began operations.
‘We are immensely proud of our progress in the recent years to be one of Sri Lanka’s fastest growing and most trusted insurance companies today backed by the strength and support of our parent group which has an outstanding reputation championing the hearts of the Sri Lankan community for over eight decades,’ said Harsha De Alwis, Acting CEO of Arpico Insurance PLC.
The company felicitated high performers during the half of 2019 by recognizing and awarding them in a glamorous event held last month which was attended by its senior management and directors from its parent group.
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