Arpico Insurance Plc
CCSELK:AINS.N000025.80
LKR
+0.10
(+0.39%)
ISIN
LK0434N00007
Return %
Stock
S&P 500
1Y
-35.18
14.20
3Y
9.79
81.12
5Y
14.67
68.34
Capital Structure
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Colombo Sri Lanka
- IPO Date
- Nov 28, 2014
- Website
- arpicoinsurance.com
- Similar Companies
- Business
- Arpico Insurance PLC is a Sri Lanka-based life insurance provider engaged in the underwriting and distribution of life insurance, health protection, retirement planning, and investment-oriented wealth solutions. Founded in 2011 and headquartered in Colombo, Sri Lanka, the company operates as a subsidiary of Richard Pieris & Company PLC, one of Sri Lanka's largest and most established diversified conglomerates. Arpico Insurance PLC serves retail individuals, families, small and medium-sized enterprises, and corporate institutions across the country, operating within the life insurance segment of the financial services industry. The company provides a comprehensive suite of life insurance products and customized rider benefits structured across several core categories: endowment and savings plans, including Arpico Privilege Life, Arpico Arishta, and Arpico Super Saver, which combine life protection with disciplined long-term capital accumulation; term life assurance policies providing pure risk protection; child education plans designed to fund milestone academic needs; retirement and pension schemes offering guaranteed post-retirement income streams; comprehensive medical and health insurance plans, including inpatient hospitalization, surgical expense reimbursement, and international treatment benefits; corporate group life, credit life, and mortgage protection policies for commercial organizations and financial institutions; and supplementary rider benefits, including accidental death cover, total and permanent disability coverage, critical illness riders, and daily hospital cash benefits. Arpico Insurance PLC distributes its solutions throughout Sri Lanka via a nationwide network of regional branches, an extensive direct agency sales force, institutional bancassurance agreements, and cross-channel retail synergies with the wider Richard Pieris Group network, including Arpico Supercentre touchpoints. In recent developments, Arpico Insurance PLC has accelerated its operational modernization through substantial digital transformation initiatives, introducing paperless digital policy issuance, mobile advisory platforms for sales agents, and integrated online customer portals for automated premium payments and policy management. The company has also expanded its bancassurance partnerships with leading domestic commercial banks and non-bank financial institutions to broaden its retail distribution footprint. Additionally, Arpico Insurance PLC has updated its product lineup with enhanced critical illness riders and health-focused cover packages while continuing to expand its physical branch network across high-growth suburban and provincial regions in Sri Lanka.