Ceylinco Life has been declared the ‘Best Life Insurer in Sri Lanka’ for a third consecutive year, following an in-depth assessment of key performance indicators by World Finance, the authoritative UK-based international publication.
The magazine’s eminent panel of international experts analysed multiple aspects of sector-specific performance in FY 2015 before naming its country winners for 2016.
Among the areas looked at were average time to underwrite and to issue a policy; how risk exposure is assessed and accommodated; achievements in the 12 months reviewed; how appropriate cover is ensured for new and existing clients; Customer Retention Rate; Average Time in Claim Settlement;New Customer Acquisition Rate; Average Cost per Policy and Net Premium.
“These are indicators that provide an accurate picture of the quality of products and service as well as the operational soundness of a life insurance company,” Ceylinco Life Managing Director and CEO R. Renganathan said. “Such a rigorous examination of performance by independent luminaries is good for any company. We are delighted not only to pass with flying colours, but to be adjudged the best in Sri Lanka for a third year running.”
He said the Word Finance accolade while being an important benchmark for Ceylinco Life, is also a strong endorsement of the strength and stability of the company that will carry weight with existing and prospective policyholders.
Ceylinco Life ended 2015 as Sri Lanka’s No 1 life insurer for 12th successive year, with a characteristically robust performance that generated total income of Rs 19.89 billion, of which premium income accounted for Rs 13.4 billion.
www.dailynews.lk
The magazine’s eminent panel of international experts analysed multiple aspects of sector-specific performance in FY 2015 before naming its country winners for 2016.
Among the areas looked at were average time to underwrite and to issue a policy; how risk exposure is assessed and accommodated; achievements in the 12 months reviewed; how appropriate cover is ensured for new and existing clients; Customer Retention Rate; Average Time in Claim Settlement;New Customer Acquisition Rate; Average Cost per Policy and Net Premium.
“These are indicators that provide an accurate picture of the quality of products and service as well as the operational soundness of a life insurance company,” Ceylinco Life Managing Director and CEO R. Renganathan said. “Such a rigorous examination of performance by independent luminaries is good for any company. We are delighted not only to pass with flying colours, but to be adjudged the best in Sri Lanka for a third year running.”
He said the Word Finance accolade while being an important benchmark for Ceylinco Life, is also a strong endorsement of the strength and stability of the company that will carry weight with existing and prospective policyholders.
Ceylinco Life ended 2015 as Sri Lanka’s No 1 life insurer for 12th successive year, with a characteristically robust performance that generated total income of Rs 19.89 billion, of which premium income accounted for Rs 13.4 billion.
www.dailynews.lk
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