Strong growth at HNB Assurance
HNB Assurance PLC posted a strong growth in its turnover according to
the interim results released for the six months ended June 30, 2011.
Its total turnover for the six months as measured by the Gross
Written Premium (GWP) recorded a growth of 31 percent against the
corresponding period last year.
The General Insurance turnover grew by 36 percent while the life
insurance turnover recorded a growth of 26 percent. Motor (42%) and
Miscellaneous (90%) classes of insurance recorded the highest rate of
According to Managing Director of HNB Assurance PLC, Manjula de Silva
the Company achieved these high rates of growth due to an increase in
sales volumes and an upward revision in premium rates.