Sri Lanka

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Insurance Association of Sri Lanka
Web: www.iasl.lk

 

POPULATION, 2011-2014 (1)

Year Population
2011 21,283,913
2012 21,481,334
2013 21,675,648
2014 21,866,445

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $93.3
2010 96.5
2011 104.7
2012 115.1
2013 134.5

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $485
Life premiums 366
Total premiums $850
Percent of total world premiums 0.02%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company LKR Mn USD Mn
SLIC 12,785.7 99.1
Ceylinco 10,311.5 79.9
Janashakthi 6,342.6 49.1
Union Assurance 5,117.0 39.7
People's Insurance 3,085.0 23.9
AIA 2,428.7 18.8
Allianz Insurance Lanka 1,964.9 15.2
HNBA 1,767.4 13.7
LOLC 1,485.5 11.5
Asian Alliance 1,376.7 10.7

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company LKR Mn USD Mn
Ceylinco 11,122.9 86.2
SLIC 8,070.0 62.5
AIA 6,863.1 53.2
UAL 5,515.1 42.7
Asian Alliance 2,520.3 19.5
Janashakthi 2,150.5 16.7
HNBA 2,014.6 15.6
Allianz Life 828.8 6.4
Amana Takaful 543.0 4.2
Cooperative 338.0 2.6

Source: Axco Insurance Information Services.

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