Arpico Insurance PLC wins at Emerging Asia Insurance Conclave and Awards 2023

Arpico Insurance PLC was recently conferred with the Best Strategies for Insurance Spreading – Sri Lanka award at the 4th Emerging Asia Insurance Conclave & Awards 2023, held in Mumbai, by the prestigious Indian Chamber of Commerce (ICC).

This ICC special award was granted to Arpico Insurance PLC following a stringent performance evaluation that considered numerous critical factors such as number of branches, growth percentage of agents and brokers, number of policies CAGR, and the embracing of digital initiatives to increase insurance access within society. In addition to Sri Lanka, other participating counties included Bangladesh, Bhutan, Myanmar, Nepal, Thailand and India while the award process, from nomination to selection of winners, was supervised by the process reviewer PriceWaterhouseCoopers (PwC) of India.

Ramal Jasinghe – Chairman, Arpico Insurance PLC, said: “This prestigious award is a testament to the dedication and unwavering commitment of our team and their relentless pursuit of excellence. This accolade from the Indian Chamber of Commerce only fuels our determination to continue innovating and achieving greatness together by delivering innovative life insurance solutions to all peoples of our country, which will without a doubt help them better their lives.”

‘‘We are extremely proud of this achievement, both for our organization as well as our country. We have been investing in upskilling our human capital and pursuing several customer-centric strategies to make life insurance accessible for everyone,” said Dr. Kelum Senanayake – Chief Executive Officer & Principal Officer, Arpico Insurance PLC.

Nelushan Gunewardena – Head of Marketing, Arpico Insurance PLC, whose efforts paved the way in securing the award for the company, added: “This recognition is based entirely on our efforts, achievements and progress made in the strategic area of Insurance Spreading. From our efforts to take life insurance solutions to plantation sector workers and digitizing premium payments to engaging with sub-urban and rural communities through regional sports events, we have undertaken significant initiatives and devoted extensive efforts to promote insurance awareness and accessibility.”