Amana Takaful General Insurance sustains impressive growth trajectory in 2023

Amana Takaful Insurance PLC (General) celebrates another year of notable growth, marking its third consecutive year as one of the fastest-growing insurance companies in Sri Lanka. 
Demonstrating resilience and strategic prowess, the company achieved a staggering 28 percent year-on-year increase in Gross Written Premiums (GWP) in 2023, propelling its revenues to an impressive Rs. 4.29 billion during the review period.

This extraordinary growth spanned across diverse segments, showcasing the company’s robust performance and strategic acumen. Notably, the motor segment witnessed a 29 percent surge, totaling Rs. 2.13 billion, while the non-motor and health segments experienced substantial growth rates of 21 percent (Rs. 1.40 billion) and 40 percent (Rs. 750 million) respectively. These achievements underscore not only the company’s financial strength but also its steadfast commitment to meeting the evolving needs of its diverse customer base.
Reflecting on this stellar performance, Hassan Kassim, Managing Director at Amana Takaful Insurance PLC remarked, “Our remarkable growth underscores our commitment to strategic planning, service excellence, and innovative business practices. The significant increases across motor, non-motor, and health segments last year are clear indicators of our unwavering dedication to excellence.”

Hassan Kassim further emphasized the critical role of trust, highlighting the company’s prompt claims processing, fair policies, and efficient procedures. Amana Takaful Insurance’s commitment to integrity and innovation has fostered strong customer loyalty, driving its continued financial success.
With a comprehensive suite of products tailored to individual requirements, including motor, medical, home, travel, business, and marine insurance, Amana Takaful Insurance is striving to provide accessible insurance solutions that cater to the diverse needs of all Sri Lankans. This unwavering dedication has earned the company numerous awards and accolades both locally and internationally.