SLICGL Powers Colombo Motor Show 2025 as Official Insurance Partner 📈

Sri Lanka Insurance Corporation General Ltd (SLICGL) successfully concluded its role as the Official Insurance Partner for the Colombo Motor Show 2025, held from 21–23 November at the BMICH. • Market Impact: The event, recognized as Sri Lanka’s largest automotive exhibition, attracted over 70,000 visitors, providing a massive platform for the motor insurance sector to engage with prospective vehicle buyers and industry stakeholders. • Sector Highlights: • Motor Plus: Showcased as the premier industry brand, emphasizing its role in the national transport sector through tie-ups with leading vehicle agents. • Digital Innovation: Featured Virtual Inspection for remote damage assessment and ‘Bee Express’ for instant, secure online payments to enhance speed and convenience for motorists. • Value-Added Services: Offered one-to-one consultations on insurance fundamentals and comprehensive protection, reinforcing SLICGL’s position as a market leader with a focus on consumer education. • Financial Context: Based on recent data, SLICGL maintains a dominant 19.4% market share in the general insurance segment, with its Motor Plus brand securing approximately 20% of the motor insurance market for six consecutive years. This strategic partnership underscores the importance of the automotive and insurance industries in supporting Sri Lanka’s economic journey and infrastructure protection.