7:07 am. Wednesday, September 17, 2014
Co-operative Insurance Company Limited (CICL) is a result of labor by the cooperative movement along with well wishers, which started its operation on March 2nd 1999[Company Registration No.N/ (PBS716)]. It has progressed now in to a fast growing venture in the field of insurance in Sri Lanka. The Company has shown to the cooperate world that “small is beautiful” and could survive in a competitive market.
CICL is a member of global community of 120 co-operative Insurance Companies in 65 countries in the developed and developing world. CICL has an issued capital of Rs. 500 million. The structure has been purposely kept at that level with the intention of better dividends to stakeholders and with the exception of regeneration of the capital through operations.
Co-operative Insurance Company Limited is the only company pursuing mutuality as the primary character, linking the clients, business partner and shareholders as integrated stakeholders’ group who would enjoy the benefits of coming together. The eventually value additionally would benefits them all, thus eliminating the evil of exploitation.
Company in the Global Perspective
Co-operative Insurance Company Limited is an active member of the International Co-operative and Mutual Insurance Federation (ICMIF), which is based in the United Kingdom.
The ICMIF was formed by a small group of Co-operative Insurance companies in Rome in 1922 and survived two world wars. At present, the ICMIF has 120 members in 65 countries and also there have been autonomous regional association covering United State of America, Europe and Asia. Co-operative Insurance Company of Sri Lanka is a member of the Asia and Oceania Association (AOA) too.
Fellow Member of the Chartered Insurance Institute - UK and has over 40 years of experience in both Life and General insurance. He has been exposed to various training programmes arranged by the Governments of UK and Japan on Risk Management and Reinsurance. He also served as a Visiting Lecturer at the University of Sri Jayewardenepura.
|Address||Coop House”, No: 455, Galle Road, Colombo 03|
|Telephone||(+94) (0) 11-2-557-300- 8 / 11-2-556-567 -70|
|Fax||(+94) (0) 011 2-556-760 / 2-557-309|
General Insurance Division
|Address||No: 165, Sri Sangaraja Mawatha, Colombo 10|
|Telephone||(+94) (0) 11-2-338-412-04-19 / 11-2-424-861 /11-2-338-804|
|Fax||(+94) (0) 011-2-436-749 / 2-436-692 / 2-436-368 / 2-424-851|
|Address||“Ceyesta Building” No: 327, Galle Road, Colombo 03|
|Fax||(+94) (0) 011-2-574-802|