Richard Pieris Finance and Arpico Insurance join forces | Daily News


Richard Pieris Finance and Arpico Insurance join forces

CEO of Arpico Insurance PLC Harsha De Alwis (centre) exchanging the MOU with CEO of Richard Pieris Finance Ltd Lohika Fonseka. Also present are (L-R) Nelushan Gunewardena, Head of Marketing; Sawan Rodrigo, AGM; Toni Kitchilan, GM; Melanga Doolwala, GM from Arpico Insurance; and Ajith Ranasinghe, CFO; Imruz Kamil, AGM; Randil Keerthipala from Richard Pieris Finance Ltd.   

With a reputation for being the most innovative Life Insurance provider in the country, Arpico Insurance PLC stepped up to create an exclusive policy that provides a life cover of up to Rs. 1,000,000 to customers of Richard Pieris Finance Ltd. The MOU in this regard was signed on the 27th of August 2020 in the presence of senior officials of both companies.

Richard Pieris Finance boasts an asset base of Rs. 18 billion with fixed deposits totaling to Rs. 8 billion, both monumental achievements having forayed into the industry only seven years ago.

Lohika Fonseka, CEO of Richard Pieris Finance Ltd, said ‘We continuously seek ways to add value to our customers in everything we do. The signing of this MOU marks a very important milestone to us. With this initiative in place, we look forward to further strengthen our relationship with Arpico Insurance PLC and work more closely on a number of shared goals that is sure to give our customers the best of both worlds.’

Both companies are backed by the strength and stability of its parent entity Richard Pieris & Company PLC, which is one of Sri Lanka’s most successful and respected conglomerates and a name that has an outstanding reputation for championing the hearts of Sri Lankans for over eighty five years.

‘This agreement accurately reflects our business philosophy and the shared values of our parent company. Being in existence for less than a decade, we are immensely proud to be one of Sri Lanka’s fastest growing and most trusted Life Insurance companies today,’ said Harsha De Alwis, CEO of Arpico Insurance PLC.


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