LOLC Insurance continues island-wide expansion drive

Thursday, 6 May 2021 00:00 - - {{hitsCtrl.values.hits}}

The newly opened branch in Wellawaya

LOLC Life Assurance Chief Executive Officer Nadika Opatha and LOLC General Insurance Chief Executive Officer Kithsiri Gunawardena opening a new branch

Sri Lanka’s fastest growing insurance companies, LOLC General Insurance and LOLC Life Assurance that operate under the wing of Sri Lanka’s iconic diversified financial conglomerate – LOLC, recently expanded their operations to Wellawaya, Higurakgoda and

Horana. This is in line with the expansion drive that the two companies commenced last year in order to reach out to more customers and to offer superior personalised service.

The new LOLC General and LOLC Life branches were ceremonially inaugurated at No. 191, Tissa Road, Wellawaya, No. 8, Airport Road, Hingurakgoda and No. 540, Panadura Road, Horana. Speaking about the latest expansions, LOLC General Insurance Chief Executive Officer Kithsiri Gunawardena said, “We are extremely excited for the opportunity to grow and serve in the fast-emerging cities of Wellawaya, Higurakgoda and Horana. We look forward to serve these communities to our fullest potential. These new locations are conveniently situated and is staffed by a team of experienced insurance professionals.”

LOLC General and LOLC Life Insurance envisage to aggressively expand its nationwide reach by establishing approximately 70 dedicated service points, penetrating into new regions during the 2021 financial year. During the third quarter of 2020, LOLC Insurance opened over 15 new branches.

The two insurance companies look forward to spreading their wings to strategically selected overseas markets as well in the year ahead. Both entities have already acquired the license to operate in Cambodia and the operations are scheduled to commence in 2021.

LOLC General Insurance and LOLC Life Assurance are fully-owned subsidiaries of the LOLC Group – one of the largest and most diversified financial conglomerates in Sri Lanka with international presence.