HNB Assurance PLC., (HNBA) one of the fast-growing Life Insurance Companies in the country recorded a Gross Written Premium (GWP) of 4.3 Bn during the first half of 2022 which is an impressive growth of 37% compared to the corresponding period last year.
While this growth is well over that of the industry which grew at 18%, it is also the highest growth recorded amongst the top 10 life insurers in the country.
Chief Executive Officer of HNBA Lasitha Wimalaratne said, “I’m extremely impressed to see this growth moment of the Company despite the challenges we had to face during the first half of the year, which is a reaffirmation of and a testament to the robust strategies that have been employed by the Company as we chart our course during these trying times.
HNB Assurance PLC (HNBA) is a leading Life Insurance Company in Sri Lanka with a network of 64 branches. HNBA has been assigned a rating of ‘A+’ (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC.