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, 2011-2015 (1)

Year Population
2011 21,283,913
2012 21,481,334
2013 21,675,648
2014 21,866,445
2015 22,053,488

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

Gross Domestic Product, 2011-2015 (1)

 

Year GDP
2011 $104.7
2012 115.1
2013 134.5
2014 217.1
2015 223.0

(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.

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Life And Nonlife Insurance Premiums, 2015

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $508
Life premiums 383
Total premiums $892
Percent of total world premiums 0.02%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2016.

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Leading Nonlife Insurance Companies, 2015

 

  Gross written premiums
Company LKR Mn USD Mn
Sri Lanka Insurance Corporation  13,606.2 100.2
Ceylinco  12,921.6 95.1
Janashakthi  7,372.2 54.3
Union Assurance  5,557.2 40.9
NTIF  4,540.6 33.4
People’s Insurance  3,637.4 26.8
AIA  3,297.8 24.3
Allianz Insurance Lanka  3,244.8 23.9
HNBA  2,541.3 18.7
LOLC  2,477.0 18.2

Source: Axco Insurance Information Services.

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Leading Life Insurance Companies, 2015

 

  Gross written premiums
Company LKR Mn USD Mn
Ceylinco  13,456.8 99.1
Sri Lanka Insurance Corporation  10,367.5 76.3
AIA  8,433.3 62.1
UAL  6,964.4 51.3
Asian Life  4,091.0 30.1
HNBA  2,788.7 20.5
Janashakthi  2,536.3 18.7
LOLC  1,209.6 8.9
Amana Life  928.3 6.8
Allianz Life  919.1 6.8

Source: Axco Insurance Information Services.

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