SANASA Life Insurance doubles GWP in 1Q 2023 | Daily News

SANASA Life Insurance doubles GWP in 1Q 2023

Managing Director, Indika Kiriwandeniya, CEO, Ivan Nicholas and Chief Business Officer Kenaddy Michael
Managing Director, Indika Kiriwandeniya, CEO, Ivan Nicholas and Chief Business Officer Kenaddy Michael

SANASA Life Insurance Co PLC, has taken a giant leap in the field of Life Insurance in Sri Lanka during the first quarter of 2023 by increasing their Gross Written Premium (GWP) to 959 million which was 504 million in the same period of 2022.

It is a record growth of 90% in the first quarter of 2023. With this achievement SANASA Life Insurance Co has been able to climb up to the 8th position in the industry where they held the 9th position in 2022 with the Market Share (GWP) of 2.8%.

SANASA Life Insurance CEO Ivan Nicholas said, “Always putting the needs of the customer first, we planned and introduced insurance services by fully grasping those needs, which was the driving force behind our record-breaking expansion.”

Commenting on the achievement SANASA Life Insurance Co Managing Director Indika Kiriwandeniya stated: “The vision of SANASA Life Insurance Company PLC is to improve the living conditions while providing economic independence to those who are experiencing financial hardship.”


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