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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Asian Alliance Insurance posts 31% growth in 1H

Asian Alliance Insurance posts 31% growth in 1H

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Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Asian Alliance Insurance has posted an impressive 31% growth in top line Life GWP reinforcing its position as the fastest growing insurer in the top league of the industry.
Gross Written Premiums for the first half of 2015 were Rs 1.8 billion and combined with General Insurance premiums of Rs 879 million, the Insurance Group posted a consolidated top line of Rs 2.7 billion.
"With continuous investment in staff, as well as introduction of cutting-edge solutions such as self-service insurance and a number of industry first moves, Asian Alliance Insurance has laid a solid foundation not only for the short term, but more importantly for long-term growth," Asian Alliance Insurance Managing Director, Iftikar Ahamed said. "We are confident that this will increasingly reflect in our future financial performance." Asian Alliance Insurance is held by Softlogic Capital and is part of the Softlogic Group. 
Courtesy: Daily News 11 August 2015

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