Ceylinco General Insurance Ltd., announced excellent results for the financial year ended December 31, 2017, recording yet another exceptional year.
Ajith Gunawardena, Chief Executive Officer of Ceylinco General Insurance, said: “During 2017, the company recorded a premium income of Rs 18 billion (Rs 17,977 million), with an impressive growth of 11.5%, which signifies an increase of Rs. 1.9 billion over the previous year. When considering the stiff competition that exists in the market, last year’s performance was outstanding. Despite the price undercutting practiced by some players, customers have understood the value of Ceylinco VIP on the Spot.”
“We believe in providing a superior service to our customers and our differentiation is not on price but on our exemplary claim settlement and the value we add to our products and services. We have worked hard together and surpassed expectations and our own benchmarks. We remain committed in exercising disciplined control and maintaining far-sighted leadership.”
Elaborating further on the remarkable figures, Patrick Alwis, Managing Director of Ceylinco General Insurance Ltd, said, “Ceylinco General Insurance paid claims amounting to Rs 9 billion (Rs. 8,967 million) during 2017, settling all genuine claims within 24 hours. This includes the large number of flood and cyclone claims that were paid within a period of 14 days, enabling customers to return to normalcy in the fastest possible time. We are the only company to do so.”
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Ajith Gunawardena, Chief Executive Officer of Ceylinco General Insurance, said: “During 2017, the company recorded a premium income of Rs 18 billion (Rs 17,977 million), with an impressive growth of 11.5%, which signifies an increase of Rs. 1.9 billion over the previous year. When considering the stiff competition that exists in the market, last year’s performance was outstanding. Despite the price undercutting practiced by some players, customers have understood the value of Ceylinco VIP on the Spot.”
“We believe in providing a superior service to our customers and our differentiation is not on price but on our exemplary claim settlement and the value we add to our products and services. We have worked hard together and surpassed expectations and our own benchmarks. We remain committed in exercising disciplined control and maintaining far-sighted leadership.”
Elaborating further on the remarkable figures, Patrick Alwis, Managing Director of Ceylinco General Insurance Ltd, said, “Ceylinco General Insurance paid claims amounting to Rs 9 billion (Rs. 8,967 million) during 2017, settling all genuine claims within 24 hours. This includes the large number of flood and cyclone claims that were paid within a period of 14 days, enabling customers to return to normalcy in the fastest possible time. We are the only company to do so.”
www.dailynews.lk
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