IIRM Lanka Insurance Brokers secure 7.79 % market share

IIRM Lanka Insurance Brokers Private Limited announced it would secure an impressive market share in both the long-term and general insurance segments.

Graeme Labrooy

IIRM Lanka Insurance Brokers Private Limited commands a market share of 21.13% in the Long-term Insurance sector and 6.34% in the General Insurance Business, amounting to an overall market share of 7.79%, equivalent to a staggering LKR 3,182,976,000 as per the newly released Statistical Review 2022 report by Insurance Regulatory Commission Sri Lanka. These figures were released by the Insurance Regulatory Commission in September 2023.

IIRM Lanka Insurance Brokers Private Limited’s exceptional journey to market leadership in the long-term insurance segment is a reflection of its unwavering commitment to meeting the evolving insurance needs of Sri Lankan customers. With a commanding 21.13% market share, the company has become the go-to choice for individuals and families seeking comprehensive, reliable, and affordable long-term insurance solutions. In the highly competitive world of general insurance, IIRM Lanka Insurance Brokers Private Limited has emerged as a formidable player, capturing a substantial market share of 6.34%.

This achievement is attributed to the company’s ability to adapt to changing market dynamics, its focus on risk management, and its commitment to delivering value-driven insurance solutions.

“Our success in the general insurance business underscores our expertise in risk assessment, underwriting, and claims management,” commented IIRM Lanka Insurance Brokers, Deputy Chairman and CEO Graeme Labrooy.

This remarkable market share growth is a testament to the company’s dedication to serving its clients with the highest level of professionalism and expertise.

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