clock December 24,2023
Sri Lanka Insurance General Ranked No. 1 General Insurance Brand in Sri Lanka by Brand Finance 2025

Sri Lanka Insurance General Ranked No. 1 General Insurance Brand in Sri Lanka by Brand Finance 2025

Sri Lanka Insurance Corporation General Limited (SLICGI), the nation’s largest general insurer, has been crowned the No. 1 General Insurance Brand in the Brand Finance Sri Lanka 100 Most Valuable Brands 2025 ranking. This marks the seventh consecutive year that SLICGI has secured this prestigious recognition, reaffirming its position as a pillar of strength and stability for individuals and businesses across Sri Lanka.

Brand Finance highlighted SLICGI’s market leadership, claim reliability, and customer satisfaction as key factors for this recognition. With a strong branch network of 142 locations, a sales force of 2,000 and over 80 registered brokers, SLICGI ensures unmatched service delivery and nationwide reach. The company’s strategic partnerships with banks, leasing companies, and postal channels further strengthen its distribution footprint.

Reflecting its robust performance in 2024, SLICGI recorded Rs. 25 billion in premium income, an after-tax profit of Rs. 3.2 billion, and claims payments amounting to Rs. 10.5 billion across motor, medical, liability, and catastrophe lines. Its financial stability is further underpinned by a Fitch A+ credit rating and long-standing reinsurance support from global reinsurer Swiss Re, enabling the company to manage catastrophic risks without burdening the national treasury.

For over six decades, SLICGI has built a legacy of trust by safeguarding national assets such as expressways and the national airline fleet, while also supporting the future of younger generations through initiatives like the Suraksha student insurance program. The company has consistently proven its reliability during national crises, including the 2001 airport attack, the 2004 tsunami, and the 2016 floods, by paying billions in claims to help communities rebuild.

SLICGI continues to cater to diverse needs through its comprehensive product portfolio, which includes motor, property, health, marine and travel insurance solutions designed for individuals, SMEs, multinationals and large conglomerates. Flagship offerings include Sri Lanka’s No. 1 motor insurance brand, Home Protect for property protection, comprehensive health insurance, and marine insurance that safeguards exporters against unforeseen risks.

As part of its vision to become Sri Lanka’s leading digital insurer, SLICGI has introduced smartphone-based virtual claim inspections, round-the-clock customer support, cashless medical facilities and omnichannel experiences to enhance customer convenience and service excellence.

Backed by a strong financial base, government trust, and decades of resilience, Sri Lanka Insurance General remains committed to delivering unmatched protection, innovation, and value to its policyholders, cementing its leadership in the country’s insurance industry.

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