Cooplife Insurance Limited commenced its operation as a life insurance Company separately from 2015, which operated as a part of Co-operative Insurance Company Limited since 1998.
Cooplife Insurance Limited has shown significant growth in terms of financial stability which was evidenced by the long term insurance fund exceed Rs.1 Billion in 2015.
The Company could double its long term insurance fund within last 5 years. Further the total assets base of the Company reached Rs.1.7 Billion in 2015, which is a 142% growth when compare with five years back. The assets of the Company mainly consists with investments in government securities, corporate bonds, deposits and land and buildings etc.
The financial performance of the Company has shows a remarkable growth, which recorded Rs.495 Million Gross Written Premium (GWP) in 2015. It shows average 17% growth in GWP per year since 2011.
The Company could acquire 0.92% of market share from long term insurance business of the country competing with the major players in the industry during the first year of its operation.
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