Janashakthi Insurance PLC posted yet another solid performance despite recording higher than normal claims. Continuing its strategy of ensuring the fairest and most responsive customer claims management process in the industry, Janashakthi has managed to grow bottom line through continued growth of investment income, company said in its interim financial staments as at 30-09-2014.
The company posted a gross written premium Rs 6.3 bn and a profit before tax of Rs 609 mn. This was despite prevailing lackluster industry growth of 4.5 % in motor business and a negative -2.8% in non motor. The life industry itself grew at around 7.65%.
This was achieved while still honouring a hefty Rs 3.7 bn in claims. Claims management and disbursement is a critical driver of performance both in customer expectations and in building brand equity. The year has been a tough one for the industry but it is a landmark year for the Company that now records its twentieth year. Growth in total assets was 9.8% for the period under review as against the same period last year. The total assets as the end of quarter 04, 2014 amounts to Rs 19.6 bn. Life operations sales and insurance functions were totally revamped with structural changes. The interim three months of transition has impacted on sales growth on the life side, which is anticipated to show growth momentum in 2015.
www.dailynews.lk
The company posted a gross written premium Rs 6.3 bn and a profit before tax of Rs 609 mn. This was despite prevailing lackluster industry growth of 4.5 % in motor business and a negative -2.8% in non motor. The life industry itself grew at around 7.65%.
This was achieved while still honouring a hefty Rs 3.7 bn in claims. Claims management and disbursement is a critical driver of performance both in customer expectations and in building brand equity. The year has been a tough one for the industry but it is a landmark year for the Company that now records its twentieth year. Growth in total assets was 9.8% for the period under review as against the same period last year. The total assets as the end of quarter 04, 2014 amounts to Rs 19.6 bn. Life operations sales and insurance functions were totally revamped with structural changes. The interim three months of transition has impacted on sales growth on the life side, which is anticipated to show growth momentum in 2015.
www.dailynews.lk
No comments:
Post a Comment