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Target Market
Identifying target markets is critical, because our customers are the future success and growth of our business. Who are our customers and how to find more like them, are the main concerns we should look after. We are always here to serve them effectively and proactively. Our target market mainly deals with rural and urban low income families and middle income families. Since we have a good repo with all banks, leasing companies and finance companies, we can approach to high income customers and corporate clients too. View more ..
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Competincies
We always amplify the message how Co-operative insurance assures the salvage of people’s life and advise them about the survival from tricky insurance which makes us closer to our customer’s heart. This is what differentiates CICL from other competitors. Because just giving an insurance policy is not enough, it’s a collective effort to give beneficial, convenient and trusted insurance resources for a family to stay alive. Which calibrate 3 main competencies of CICL. View more ..
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Achievements
We are proud to receive numerous international awards and commendations for our work in the field of cooperative insurance. These awards underline our commitment towards quality, leadership, innovation and value additions. View more ..
Our Company
History
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In 1999, CICL Company (PB 834) was established by the cooperative movement with its well-wishers. Less than a decade after the conception, the company had to face numerous challenges. But now The Company is one of the fastest growing ventures in the field of insurance in Sri Lanka.
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This is a journey that began many years ago, and we owe to the countless individuals who generously and tirelessly devoted their time, expertise and effort, to cultivate CICL. We salute them for their visions and tenacity.
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Financials
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We are a financially strong, long established insurance company which has a reputation for success, and a history of profitability. Our financial growth, business practices and stability have drawn the company with a superior rating in Sri Lanka.
- CICL has recorded remarkable growth in first half 2016.
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We recorded steady top line growth, led by the motor Insurance. Gross Written Premium (GWP) grew by 39.93%. Motor Insurance grew by 40.38% and Non Motor Insurance grew by 36.19%. It is delighted to report that we have captured market share by another 0.53% during the period under review ended 30 June 2016.
FOR THE PEOPLE BY THE PEOPLE
A people breed of the insurer that is playing a vital role in empowerment and transformation within the Sri Lankan financial services sector.