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Sri Lanka general insurance market grew 23.45% in 2011, says regulator

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The gross written premium of Sri Lanka's insurance sector rose 18.5% year on year to Rs.66.2bn (£300m) in 2011, with the general and life insurance segments recording substantial growth, according to the Insurance Board of Sri Lanka.

IBSL said that the general insurance business grew 23.45% year on year to Rs.43.3bn while the life market grew 13% to Rs.31.1bn.

Sri Lanka's Daily Mirror reported that the IBSL regulates 21 insurance

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