Asian Alliance Insurance posted impressive growth for the first quarter of 2016.
Asian Alliance Insurance PLC recorded a profit after tax (PAT) of Rs 267.2 million for the first quarter of 2016 for Life business where profits were determined based on actuarial assessment, whilst the combined profit after tax including its fully owned subsidiary Asian Alliance General Insurance Ltd was Rs 212.4 million.
Life insurance premiums topped the billion rupee mark to reach Rs 1.4 billion, with a growth of 48% compared with the same period of the previous year,double the industry growth of 23% for the first quarter of the 2016.
The Company has stepped up the intensity of its operations with a number of industry firsts in its Life business. Amongst these, ‘eAdvisor’ which is the latest technological innovation from the country’s most innovative insurance provider, will simplify and streamline a range of functions, by eliminating paper and by enabling instant generation of Life Insurance quotations.
Asian Alliance Insurance PLC recorded a profit after tax (PAT) of Rs 267.2 million for the first quarter of 2016 for Life business where profits were determined based on actuarial assessment, whilst the combined profit after tax including its fully owned subsidiary Asian Alliance General Insurance Ltd was Rs 212.4 million.
Life insurance premiums topped the billion rupee mark to reach Rs 1.4 billion, with a growth of 48% compared with the same period of the previous year,double the industry growth of 23% for the first quarter of the 2016.
The Company has stepped up the intensity of its operations with a number of industry firsts in its Life business. Amongst these, ‘eAdvisor’ which is the latest technological innovation from the country’s most innovative insurance provider, will simplify and streamline a range of functions, by eliminating paper and by enabling instant generation of Life Insurance quotations.
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