Softlogic Life, one of Sri Lanka’s leading life insurers, today announces it has agreed to acquire 100% of the shares of Allianz Life Insurance Lanka Limited , subject to the approval of the Insurance Regulatory Commission of Sri Lanka. The acquisition aligns with Softlogic Life’s mission to deliver world class life insurance products to consumers across the country, further expanding its market share, while enhancing its existing product offerings and strengthening its distribution capabilities.
With over 750,000 active policies, Softlogic Life already has the largest life insurance customer base in the country, and this acquisition will help to fuel its long-term growth, building on its operational expertise and digital excellence.
Softlogic Life’s strengths in digital transformation and customer-centric solutions are expected to drive innovation and sustainable growth, benefiting both customers and the broader Sri Lankan insurance market. Their unwavering dedication to timely and efficient claim settlements has strengthened customer confidence, setting an industry standard for trust and service excellence.