Revenue up at AIA Insurance
View(s):Consolidated revenue of AIA Insurance Lanka PLC (AIA) for the nine months ending September 2017, rose by 17 per cent to Rs. 12,673 million, with the growth mainly driven by the increase in the gross written premium (GWP) of the conventional life business.
GWP premiums in life insurance business increased by 13 per cent to Rs. 8,415 million, the company said in a media release.
The consolidated post-tax profit for the period was to Rs.189 million. Pankaj Banerjee, Chief Executive Officer of AIA Sri Lanka, said: “We are pleased to see the positive customer response to our focused and strategic approach to building our propositions that saw the launch of two new products during the past quarter. Our customers continue to respond favourably to our efforts to find solutions that are tailored to their protection and long term savings needs. I am also delighted that AIA’s Bancassurance continued to deliver strong results with our new partnership with DFCC Bank, forged in November 2016, performing ahead of expectations.”