Co-operative Insurance Company PLC
CCSELK:COOP.N00002.80
LKR
-0.10
(-3.45%)
ISIN
LK0481N00008
Return %
Stock
S&P 500
1Y
-49.09
14.39
3Y
3.70
81.42
5Y
- -
68.62
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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- CEO
- D U P Rajapaksha
- Full Time Employees
- 883
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Colombo Sri Lanka
- IPO Date
- Dec 30, 2021
- Website
- ci.lk
- Similar Companies
- Business
- Co-operative Insurance Company PLC is a Sri Lanka-based insurance provider that underwrites and distributes a comprehensive portfolio of general and life insurance products to retail, commercial, and co-operative sector clients. Founded in 1997 and commencing commercial operations in 1999, the company is headquartered in Colombo, Sri Lanka, and operates an extensive island-wide branch network serving urban, semi-urban, and rural populations. The company operates through core business segments comprising General Insurance, Life Insurance, and Insurance Education and Training Services. The company offers an extensive suite of products and services, including: motor vehicle insurance under the Smart Drive brand, providing comprehensive and third-party liability cover for private cars, commercial vehicle fleets, motorcycles, and three-wheelers; property and casualty insurance, encompassing fire and allied perils, home protection, burglary, and business interruption cover; marine and transit insurance, covering marine cargo, freight liabilities, and inland transit risks; engineering insurance, comprising contractors all risks, erection all risks, plant and machinery breakdown, and electronic equipment coverage; health and personal accident insurance, featuring the Wellness Plus critical illness policy, hospitalization expense reimbursement, surgical indemnity, and group personal accident schemes; specialized microinsurance and agricultural solutions, providing tailored crop, livestock, fisheries, and loan protection covers for smallholder farmers and rural enterprises; life insurance products through its subsidiary Cooplife Insurance Limited, offering term life assurance, endowment policies, child education plans, retirement schemes, and group life packages; and professional capacity development through the Co-operative Insurance Training Academy (CITA), which provides technical insurance education and certification. In recent developments, Co-operative Insurance Company PLC has advanced its digital transformation by implementing the national digital motor insurance electronic card platform in coordination with the Insurance Regulatory Commission of Sri Lanka (IRCSL) and traffic law enforcement authorities, enabling real-time policy authentication and accelerated claims administration. In 2025, Fitch Ratings affirmed the company's National Insurer Financial Strength rating at BB(lka) with a Stable Outlook following national scale rating recalibrations and steady premium performance. Furthermore, the company has expanded its multi-channel distribution network through enhanced strategic alliances with regional co-operative societies, rural banking unions, and microfinance institutions across Sri Lanka, while scaling up its digital customer self-service portals and web-based policy underwriting infrastructure to meet recovering domestic insurance demand.