SLIC General strengthens no. 1 position, first to reach Rs. 30 b GWP

Friday, 8 May 2026 04:38 - - {{hitsCtrl.values.hits}}

Sri Lanka Insurance Corporation General Ltd., (SLICGL) yesterday said it has achieved a historic milestone, becoming the first general insurance company in Sri Lanka to surpass Rs. 30 billion in Gross Written Premium (GWP).

It said the landmark achievement sets a new benchmark for the industry and demonstrates SLICGL’s unmatched strength, credibility, and customer trust.

In addition to this record-breaking performance, SLICGL has strengthened its no. 1 position in Sri Lanka’s general insurance market for 2025, continuing leadership from 2024. Posting outstanding financial metrics for 2025, the company has widened its lead over competitors, reinforcing dominance in the sector.

SLICGL said it is the undisputed leader in motor insurance, a segment which continues to drive general insurance penetration nationwide. As the National Insurer, SLICGL carries the responsibility of safeguarding the nation, offering protection and peace of mind to individuals, families, and businesses.

The commitment covers a comprehensive portfolio of products, including motor and personal accident cover, home protection, travel insurance, and medical emergency solutions, delivering a calm assurance of providing affordable and accessible insurance for every Sri Lankan.

Through its flagship Suraksha program and partnerships with Government institutions, SLICGL continues to expand coverage to underserved communities, strengthening its role as the nation’s insurer of choice.

Moreover, SLICGL holds the distinction of being Sri Lanka’s highest-rated insurance brand as the only ‘A+’ Fitch rated insurer in the country. SLICGL was also recognised as the Most Valuable General Insurance Brand by Brand Finance.

Underlining its commitment to outreach, SLICGL carried out a nationwide town storming exercise on 22 April, mobilising all 142 branches simultaneously throughout the island. Teams took to the field to engage communities directly, raising awareness of the peace of mind that insurance provides, whether through protecting a home, covering a medical emergency, enabling safe travel, or guarding against personal accidents. The initiative showcases SLICGL’s belief that insurance is not a luxury but a necessity, and every Sri Lankan deserves access to the security it offers.