Insurance Post

Sri Lanka's GI market grew 21% in 2011

growth-chart

Sri Lanka's general insurance market grew by 21% in 2011, a record for the industry since its privitisation, according to Sri Lankan business paper the Daily News.

The sector saw a total increase of 7.8bn Sri Lankan rupees (Rs).

Sri Lanka Insurance Corporation, the largest Sri Lankan insurer in terms of market share, made the biggest contribution (30%) with with

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